In the wake of the Jonathan Gruber videos that showed the MIT economist and major architect of Obamacare admitting that supporters deceived the public (and insulted voters as “stupid”) in order to pass the law, the N&O today publishes a NY Times article that states something else Obamacare opponents have known all along: Obamacare is a huge crony corporatist move designed to force taxpayers to pad profits for the health insurance industry.
But since the Affordable Care Act was enacted in 2010, the relationship between the Obama administration and insurers has evolved into a powerful, mutually beneficial partnership that has been a boon to the nation’s largest private health plans and led to a profitable surge in their Medicaid enrollment.
….“Insurers and the government have developed a symbiotic relationship, nurtured by tens of billions of dollars that flow from the federal Treasury to insurers each year,” said Michael F. Cannon, director of health policy studies at the libertarian Cato Institute.….Since Obama signed the law, share prices for four of the major insurance companies – Aetna,Cigna,Humana andUnitedHealth – have more than doubled, while the Standard & Poor’s 500-stock index has increased about 70 percent.
All of Obama’s public scorn for health insurance companies five years ago was nothing more than false bluster – a part of the deceptive practices intended to fool the public into supporting the law.
Obamacare is just another example of big government and big business in bed together, with taxpayers footing the bill to line their pockets.
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