Unholy alliance of Democrats, insurers has ruined the system
The rising cost and diminishing quality of health insurance are destined to be a center-stage issue in the midterm elections this year. That’s because it’s a problem Americans are experiencing for themselves, so they don’t have to be convinced that the system is broken.
No group of people is likely more unhappy that health insurance is in the spotlight than health insurance company executives.
Health insurance companies and
“I’m going to see if they get their price down, to put it very bluntly,”
Just this week, Sen.
This episode is a great example of what the giant health insurance companies have been doing to American taxpayers for a long time.
Just in case health insurance executives didn’t know where to find the bottomless bucket of taxpayer money,
When Obamacare was passed with only Democratic votes, insurance companies got everything they wanted: untold billions — trillions over time — in new government spending, much of it headed their way.
When President Biden’s ironically named Inflation Reduction Act was passed with only Democratic votes, insurance companies got everything they wanted, again.
Each time
We know how this goes when the government guarantees cash flow. If
There can be no question that
We saw further proof of this when some of these insurance giants donated to the campaign to allow
The largest insurers are also under scrutiny for how they move money through shell companies to shield it from being used to reduce the price of medicine.
Already caught skimming profits from the rebates they receive on medication, the CEOs all promised to start passing on the savings to consumers, as they should have been doing all along. Instead, they have labeled some of the rebates as “fees” and moved them into the shell companies they also control.
As a result of this scheme, tens of billions of dollars are converted into profit each year instead of being used to make drugs cheaper.
Remember all this when
It’s extremely important that
Voters will also hear a lot about the symbiotic relationship between health insurance companies and
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