Many Liberals love Obamacare, as long as they aren’t the ones paying for it. Obama and Congressional Democrats (at least the ones in safe Districts who haven’t lost their seats) love it, because they, for the most part, aren’t using it themselves. Know who else really likes it? Big Insurance
(Daily Caller) Critics charge Obamacare’s individual mandate is boosting the profits of insurance companies, securing their loyalty to Democratic politicians.
Washington Post blogger Jennifer Rubin argued Tuesday that “the individual mandate is the greatest single act of corporate welfare in memory,†creating new customers for the insurance companies by fiat and subsidizing that coverage with tax dollars.
Rubin pointed out that during the debate over Obamacare, “Many conservatives bitterly criticized the influence of Big Insurance, correctly labeling it a prime example of corporate cronyism.†Now, she says, “it is both good politics and good policy to end this incestuous relationship.â€
According to The New York Times, “the relationship between the Obama administration and insurers,†while initially contentious, “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.â€
Of course they love it. They’re making oodles of cash off of it. They’re able to offer expensive plans with high deductibles that people can’t afford to use. People are forced to obtain health insurance as the price of being a U.S. citizen
By a variety of measures, insurers are already benefitting from Obamacare. Since the law was signed, the Times notes, “share prices for four of the major insurance companies—Aetna, Cigna, Humana and UnitedHealth—have more than doubled, while the Standard & Poor’s 500-stock index has increased about 70 percent.â€
Remember when Liberals were against Big Insurance, accusing them of all sorts of Bad Behavior? That was before BI was involved in crafting Obamacare, and is now wedded to the Democrat Party and Obama. They’re going to love it even more when all the delays unilaterally put in place by Obama, in total disregard to the actual law, come into force. Things like the employer mandate. Insurance companies certainly love when people are forced to purchase their products.
Crossed at Right Wing News.
