I wanted to get this to you as soon as possible. This is a major announcement regarding healthcare insurance here in Tennessee. The #1 and largest provider of healthcare insurance in Tennessee is pulling out of the major metro markets including Nashville on the Obamacare exchange. This article below from The Tennessean – released late this morning gives details.
BCBST to pull out of Obamacare exchange in Nashville, Knoxville and Memphis – Read The Full Article
What This Means For Us…
Unfortunately, this will affect how we offer healthcare coverage in this agency because Blue Cross Blue Shield of Tennessee was one of our primary healthcare providers. Up until today, I have put my emphasis toward their good product(s) because one would think the largest provider would have success in this awkward national healthcare environment. They couldn’t and now we all will be forced to the healthcare.gov site to find decreasing amounts of providers that are still participating in the national healthcare system. We will continue to find best avenues to share with our customers as it pertains to sustainable healthcare insurance.
The premise of having everyone covered for healthcare is a good one. But no one has considered how the insurance companies that will provide the coverage can pay for it. And since many companies are dropping out as a result, those that remain will undoubtedly be forced to increase their premiums by incredible percentages in order to continue to participate in all of this. The story isn’t over and we’ll do out best to keep you informed as the progress or lack thereof develops.
Contact Us
As we celebrate 38 years in this business this Saturday – October 1, we’re here if there is anything you need from us. Certainly, our other markets are very stable in the auto, home, commercial, life and other personal lines of insurance. If you need us for anything, we’re ready to earn your good business. THANKS for the opportunity to do just that! EMAIL us at info@BentonWhite.com or call any of our staff at 615.377.1212. Stay tuned for more regarding this healthcare market as we learn more!
