Obamacare: Steal from the poor, give to the rich - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
October 10, 2025 Newswires
Share
Share
Post
Email

Obamacare: Steal from the poor, give to the rich

Jack HellnerAmerican Thinker

Barack Obama, and most Democrats, have wanted government control of all health insurance for decades. They knew that wouldn't fly, so they decided to stick their foot in the door with the falsely named Affordable Care Act. Obama and other Democrats intentionally lied continuously about how the bill would allow you to keep your doctor and your plan, and that your premiums would substantially fall.

Most of the media campaigned for the bill without knowing what was in it, and Democrats in Congress were ordered to vote for the bill without seeing the text.

As a result of the bill passing, competition was substantially reduced, because small- and medium-sized companies couldn't afford the unlimited risk.

The big insurance companies had a captive audience who were required to buy Rolls Royce policies, and prices naturally skyrocketed. Medical providers also had no incentive to

control costs since there were no longer annual limits or lifetime limits allowed in the policies.

In 2021, after eleven years of Obamacare, only 11.3 million people were enrolled (less than 4% of the public), and that just wasn't enough dependents for Democrats, so they devised new ways to screw the taxpayers.

In 2022, they used COVID, which had long been over, to justify huge premium subsidies to high income individuals. They stuck these subsidies into the falsely named Inflation Reduction Act but pretended they were ending at the end of 2025, to pretend the IRA was paid for.

By 2025, 24 million were on Obamacare, and that is one major reason Democrats are currently holding federal employees and the public hostage by saying the huge subsidies, that they claimed they were sunsetting, can't be allowed to end.

Why aren't the factcheckers calling out Chuck Schumer's lie that 60 million people would lose their insurance if Republicans get their way?

NO F*CKING WAY': Chuck Schumer Comes Out With Fiery Video on 'Life or Death' Shutdown Fight

So now we're in a government shutdown. And you may be asking yourself, how the hell did we get here? Donald Trump and the Republican Party are hell-bent on taking health care away from 60 million people….

If there are only 24 million people in total, how can 60 million be at-risk of losing health care?

The media also knows that huge amounts of money have been funneled to illegals, despite the law preventing it, because of Democrats:

White House Memo Exposes Democrats' History of Pushing Health Care for Illegal Immigrants

The memo describes 'how federal resources were abused by the Biden administration and Democratic states to provide health care for illegal immigrants.'

According to the memo, '14 states and the District of Columbia operate 'state-funded' health care programs for illegal immigrants.' They are California, Colorado, Connecticut, District of Columbia, Illinois, Maine, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Utah, Vermont, and Washington.

There is clearly also massive fraud in Obamacare when 40% of policy holders have no claims:

The Rise of Phantom Obamacare Enrollees: Biden COVID Credits Drive Massive Increase in Individual Market Enrollees With No Medical Claims

* The number of ACA individual market enrollees with no medical claims more than tripled from 2021 to 2024. Nearly 12 million enrollees had no medical claims during 2024—equal to 8 million enrollees on an annualized basis.

* A staggering 40 percent of enrollees in 94 percent actuarial value silver plans and bronze plans had no medical claims in 2024.

* The rise in phantom enrollees is absent in the small-group market, strongly suggesting it was driven by Biden's COVID credits.

* Tens of billions in federal subsidies are flowing to insurers and brokers for phantom enrollees—people without a single doctor visit, prescription filled, or service received.

* This surge mirrors Paragon's findings on improper enrollment, showing taxpayer dollars wasted on coverage for people not using the program.

And, after 14 years of pedaling the lie that Obamacare made insurance more affordable, the Washington Post finally told the truth, conceding that it was never affordable:

Color me shocked. After more than a decade of breathless cheerleading for the so-called Affordable Care Act, the editorial elites at The Washington Post have finally admitted what conservatives have been saying all along: Obamacare was never affordable. As the Post's own editorial board now concedes, the law "was never actually affordable." This sudden burst of honesty comes amid the latest government shutdown showdown, which Democrats sparked in part by demanding yet another blank check to keep Biden's lavish, COVID-era insurance subsidies alive.

(That Washington Post article can be found here.)

The media could end the hostage-taking by the Democrats if they just called out their lies, but alas, here we are.

Image: Public domain.

Older

The impact of vehicle technology on insurance: What drivers need to know in 2025

Newer

Studies from Federal Reserve Bank of Philadelphia in the Area of Investment Described (Measuring Flood Underinsurance In the Usa): Investment

Advisor News

  • Business owners may be overlooking a key part of their financial picture
  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
More Advisor News

Annuity News

  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity News

Health/Employee Benefits News

  • A Swansea woman's health insurance saga: Breast cancer leads to bankruptcy
  • SEN. OSSOFF WORKING ACROSS THE AISLE TO LOWER HEALTH CARE COSTS FOR MILITARY FAMILIES
  • Inovaare Expands AI-Native BPaaS for U.S. Health Plans, Defining the Third Generation of Payer Operations
  • AuguStar Life enhances its suite of living benefits
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg slams ‘vindictiveness’ in fight for prison computer access
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • AuguStar Life enhances its suite of living benefits
  • Lobbyist argues Iowa insurance regulator gives too much voice to Wall Street
  • Appeals court rejects investor payouts in latest decision against STOLI
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet