WEBVTT - Rush Limbaugh August 9th, 2017

0:00:00.120 --> 0:00:04.120
<v Speaker 1>Okay, folks, a big announcement on Monday by Anthem Blue Cross,

0:00:04.160 --> 0:00:07.000
<v Speaker 1>Blue Shield. They've decided to pull out of the Obamacare

0:00:07.040 --> 0:00:11.440
<v Speaker 1>exchange in Nevada completely. Previously, they said it would offer

0:00:11.480 --> 0:00:14.800
<v Speaker 1>healthcare plans in three urban Nevada counties, but now instead

0:00:14.840 --> 0:00:17.560
<v Speaker 1>of a partial withdrawal, they are all the way out

0:00:17.560 --> 0:00:21.200
<v Speaker 1>of there now. After the pullout announcement, in Nevada's insurance

0:00:21.200 --> 0:00:24.440
<v Speaker 1>commissioner issued a happy talk statement. Her name is Barbara Richardson,

0:00:24.920 --> 0:00:28.280
<v Speaker 1>and she said that she was optimistic that there will

0:00:28.320 --> 0:00:32.680
<v Speaker 1>be coverage for consumers on the Obamacare exchange. Read between

0:00:32.720 --> 0:00:36.640
<v Speaker 1>her line she's optimistic, she says in other words, she's

0:00:36.680 --> 0:00:39.960
<v Speaker 1>not sure. And if she isn't sure, the new people

0:00:39.960 --> 0:00:44.040
<v Speaker 1>in Nevada who were depending on Obamacare better make other plans.

0:00:44.080 --> 0:00:47.320
<v Speaker 1>But why the sudden change of hearted Anthem? What happened

0:00:47.320 --> 0:00:49.840
<v Speaker 1>to make the company go for the complete pull out?

0:00:50.040 --> 0:00:54.640
<v Speaker 1>The company blames political uncertainty surrounding Obamacare's future. In other words,

0:00:55.080 --> 0:00:58.840
<v Speaker 1>it's imploding if folks, Anthems just the latest outfit to

0:00:58.840 --> 0:01:00.960
<v Speaker 1>pull out of the exchanges, but they're not the last.

0:01:01.440 --> 0:01:04.200
<v Speaker 1>In the next few months, as we enter the enrollment period,

0:01:04.240 --> 0:01:08.520
<v Speaker 1>you'll see massive premium increases, and you'll likely see more

0:01:08.560 --> 0:01:11.839
<v Speaker 1>companies pulling the plug. The bottom line is that businesses

0:01:11.880 --> 0:01:15.800
<v Speaker 1>hate uncertainty, and health insurance companies will do everything possible

0:01:16.160 --> 0:01:19.040
<v Speaker 1>to make sure they don't get stuck holding the losing hand.

0:01:19.480 --> 0:01:23.520
<v Speaker 1>The implosion that Trump talked about if Obamacare wasn't repealed

0:01:24.120 --> 0:01:27.280
<v Speaker 1>is on the way. The dirty little secret is, that's

0:01:27.360 --> 0:01:29.080
<v Speaker 1>the design, that's the intention.