Tennessee: Eyebrow-Raiser: Insurance Co. leaves ACA exchange due to demand being too HIGH!
Presented without comment, because this story is so awesome there's not much I could say to make it any better:
Community Health pulls plans after meeting ACA goals
Community Health Alliance has pulled its health insurance plans off the federal marketplace because it hit its enrollment goals.
Knoxville-based Community Health Alliance, a nonprofit consumer operated and oriented insurance provider, or co-op, hit its enrollment goals in the first two months of open enrollment. It stopped offering plans on the exchange Jan. 15.
...The co-op approached the Tennessee Department of Commerce and Insurance in early January about its enrollment numbers, and the agency took the situation to the federal agency per regulatory procedure, said a spokesman for TDCI. The ultimate decision was to pull, or freeze, CHA's insurance products — which had been among the most competitive in the state — from the marketplace. The company wanted to make sure that it could maintain reliable customer service for those it had enrolled rather than tax its infrastructure with more enrollees.