When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Wednesday, July 9, 2014
Obamacare, Health Insurers Getting Richer
An Obamacare bailout? Insurers already got one!—politics—Commentary: "...In other words, your health-insurance company is getting richer and it's jacking up rates because it can. Obamacare doesn't stop it. Wall Street is encouraging it. And there's nothing you can do about it. This doesn't look good for President Obama, who frequently cited soaring insurance costs when selling and defending his health plan across the country. And it also makes Republicans look a bit foolish for continuing to warn everyone about a looming bailout for insurance companies hidden somewhere in the pages of the ACA. It turns out the whole law is a bailout or boost, call it whatever you like, for the health insurers. They're doing fine and will continue to do fine...."
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