I see you are as clueless about this as……, well pretty much everything else.
Insurance industry makes their money from investment.
Probably, but not going to waste the time. Why bother to provide data to a leftist sycophant who actually bought into the whole “biden is sharp as a tack” narrative.
Nope. I know it is a fact that obammycare trashed the health insurance industry but there are those who believe government interference actually improves industry and those are beyond help
Before the ACA, insurance didn’t cover many things including a yearly physical, which is a tremendous tool to keep people healthy - and insurance down!
There also was no mandate on the percentage of premium profit. Now, after the ACA, if your insurance provider doesn’t spend a certain percentage of their premiums on payouts they refund you a portion of your premium.
Also, tens of millions of americans are insured today because of the ACA.
Those are three points that refute your claim.
But I will agree, it could have been better. The public option would have been the easiest, but republicans and conservative dems didn’t want to hurt corporate insurance profits, so they insisted on a plan that had private insurance companies at the heart of things.
You want better insurance and more affordable health care? Vote in liberals who want a public option.
In 2016, Bob Marino, the CEO of Horizon Blue Cross Blue Shield of New Jersey, made $4.5 million. In 2009, Marino’s salary was $8.7 million, which was 59% more than the previous year. This prompted calls for federal and state reviews of the company.
So our un-American socialist authoritarians could replace our free-market system with socialized health care which makes voters dependent upon government.
JWK
A POWER OVER A MAN’s SUBSISTENCE AMOUNTS TO A POWER OVER HIS WILL ____ Hamilton, No. 79 Federalist Papers
Maybe for you… but not for the millions who didn’t have insurance and had to use the emergency room for basic healthcare and go bankrupt in the process.
And where do they get the money to invest?
So you have nothing…
Ask my brother with a pre existing condition who couldn’t get insurance prior to ACA. He a millions of others with pre existing conditions now have an option due to ACA.
A basic problem is that US executives almost never face prosecution for their decisions even when there is good evidence of negligent homicide or other crimes. Instead the corporation is charged criminally and forced to pay large fines to the government. In many cases, the fines are less than the benefit to the company, so the message is that crime pays.
My goodness. With so many having a problem with our free-market system, perhaps they ought to move to Cuba or Canada and enjoy their government run healthcare system.
