UnitedHealth CEO: We may bail on Obamacare
And when all providers leave will our premiums hit the moon?
(A) What makes you think all providers would leave? Usually when one bails the others swoop in and pick up their customers
(B) If there were no insurance companies, who would you pay your premiums to?
There is only one single reason that an insurance company would voluntarily terminate all their policies under ObamaCare.... it's no profitable.
If it's not profitable.... no one else is going to pick them up either.
See, you are looking at it from a free-market perspective. When one company falls out of the market, other companies move in, because they can now raise the rates, because there is less competition.
But this isn't a free market. They can't raise rates. The law prevents them. So if it's not profitable.... then they will slowly all move away.
They won't all move away. As long as the mandate remains in place, those who remain will prosper.