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Insurance Commissioners Say Obamacare’s Individual Market Near Collapse, Not Sustainable

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Commissioner says market is unstable because of Obamacare’s foundational flaw of top-down government intervention

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BY:  /  the Washington Free Beacon

Insurance commissioners told lawmakers Wednesday that Obamacare’s individual market is near collapse as premiums continue to rise and health insurers flee the marketplace.

At a Senate Committee on Health, Education, Labor and Pensions hearing, two insurance commissioners from Oklahoma and Tennessee explained how the Affordable Care Act has negatively impacted health care in their states and offered ways to stabilize the market.

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