Death Spiral: Add Iowa To Kentucky -- June 12, 2017

On June 11, 2017, WSJ reported that Kentucky was "killing" ObamaCare.

Today, another state cries "uncle." Or better said, "cries for help from Uncle."

Bloomberg reports: Iowa asks US for ObamaCare help facing "collapse" of market. The lede:

Facing what it called a “collapse” of its Obamacare market next year, Iowa is asking the Trump administration to let it reallocate millions of dollars and create a stopgap program that would provide health insurance options for 72,000 Iowans covered by the Affordable Care Act.

Under the proposal made public on Monday, the state would use $352 million in federal money to provide backup funding for insurers and overhaul Obamacare’s subsidies for consumers next year. 

The state would also create a single standardized plan that insurers would offer.

So many story lines.