That’s going to leave us dazed and confused.
A North Carolina insurance company announced it was backing out of plans to take part in the Obamacare health care exchange market.
The news came so abruptly that Triangle Business Journal had already printed a story on the company’s rates.
“This was not a step taken lightly,” Kenneth J. Lewis, president of FirstCarolinaCare Insurance Company, said in a statement. “When we originally proposed participation in the exchange, we recognized that there were many unknowns for all of us. However, after months of review, there continue to be uncertainties in the exchange implementation and processes for insurers. After further assessment of the uncertainties related to the exchange and consideration of our overall business strategy, we reluctantly came to the conclusion to withdraw our application to participate in the exchange.”
Only two companies now have plans to offer insurance on the exchanges in North Carolina.
Remember, these are huge companies with platoons of professionals working incessantly to figure out how Obamacare works. And they couldn’t figure it out.
How are us ordinary people going to do it? We aren’t. We are going to have to make decisions about our health, presumably for years to come, by making guesses about a chaotic jumble of data, slogans and outright lies. Or maybe we’ll just flip coins. After all, there are only two insurance companies left on the exchanges.
It can’t end well — unless ObamaCare is stopped.