Andrew Harnik / AP

Blue Cross and Blue Shield of Tennessee will sell health plans on the Affordable Care Act exchange next year in the 16 counties near Knoxville that were left without an insurer after Humana bailed, Sarah Kliff at Vox reports. But those plans could be expensive. J.D. Hickey, CEO of the Tennessee Blues, told the state insurance commissioner that his team will price in the risks surrounding the cost-sharing subsidies, individual mandate and health insurance tax.

However, Hickey mentioned that Blue Cross and Blue Shield of Tennessee's financial performance has improved so far in 2017 after shouldering major losses in the first few years of the ACA exchanges. Financial documents obtained by Axios show the company produced a small overall profit in 2016, although it still had a $14.7 million gross loss on its individual-market plans.

The bottom line: This is an important development and again shows why the Blue Cross and Blue Shield plans are vital to the ACA individual marketplaces. But it also shows that the unclear signals from the Trump administration about whether it will pay insurers' subsidies, and whether it will enforce the individual mandate, are already forcing insurers to charge more for coverage.

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Joe Biden introduces Kamala Harris in first joint appearance

Joe Biden formally introduced Sen. Kamala Harris as his running mate on Wednesday, telling a socially-distanced gymnasium in Wilmington, Del.: "I have no doubt that I picked the right person to join me as the next vice president of the United States of America."

Why it matters: Harris is a historic pick for vice president, becoming the first Black woman and first South Asian woman to be named to a major-party U.S. presidential ticket. "Kamala knows how to govern," Biden said. "She knows how to make the hard calls. She is ready to do this job on day one."

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Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,439,274 — Total deaths: 744,941— Total recoveries: 12,632,604Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,180,226 — Total deaths: 165,510 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
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  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.
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Pelosi says Mnuchin told her White House is "not budging" on stimulus position

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

The latest: Around 3 p.m., Pelosi and Senate Minority Leader Chuck Schumer (D-N.Y.) issued a statement saying that Treasury Secretary Steven Mnuchin had initiated a phone call and made clear that the White House is "not budging from their position concerning the size and scope of a legislative package."