Speaker 1: Okay, folks, a big announcement on Monday by Anthem Blue Cross,
Speaker 1: Blue Shield. They've decided to pull out of the Obamacare
Speaker 1: exchange in Nevada completely. Previously, they said it would offer
Speaker 1: healthcare plans in three urban Nevada counties, but now instead
Speaker 1: of a partial withdrawal, they are all the way out
Speaker 1: of there now. After the pullout announcement, in Nevada's insurance
Speaker 1: commissioner issued a happy talk statement. Her name is Barbara Richardson,
Speaker 1: and she said that she was optimistic that there will
Speaker 1: be coverage for consumers on the Obamacare exchange. Read between
Speaker 1: her line she's optimistic, she says in other words, she's
Speaker 1: not sure. And if she isn't sure, the new people
Speaker 1: in Nevada who were depending on Obamacare better make other plans.
Speaker 1: But why the sudden change of hearted Anthem? What happened
Speaker 1: to make the company go for the complete pull out?
Speaker 1: The company blames political uncertainty surrounding Obamacare's future. In other words,
Speaker 1: it's imploding if folks, Anthems just the latest outfit to
Speaker 1: pull out of the exchanges, but they're not the last.
Speaker 1: In the next few months, as we enter the enrollment period,
Speaker 1: you'll see massive premium increases, and you'll likely see more
Speaker 1: companies pulling the plug. The bottom line is that businesses
Speaker 1: hate uncertainty, and health insurance companies will do everything possible
Speaker 1: to make sure they don't get stuck holding the losing hand.
Speaker 1: The implosion that Trump talked about if Obamacare wasn't repealed
Speaker 1: is on the way. The dirty little secret is, that's
Speaker 1: the design, that's the intention.