As moose eater was saying , there was a reason the health insurance companies signed off on the ACA with out any resistance. I believe he referred to it as a fat goverment tit.
Since the Affordable Care Act’s passage, the top five health insurers’ annual profits have jumped 230 percent, with much of that going to UnitedHealthcare.
America’s largest health insurers have raked in more than $371 billion in profits since the passage of the Affordable Care Act, according to financial data reviewed by The Lever. More than 40 percent of that net income went to UnitedHealth Group, whose annual profits have skyrocketed by nearly 400 percent as the company now reportedly denies nearly one in three medical claims from its policyholders.
Insurers garnered these profits as the average American families’ premiums have risen to nearly $26,000 a year. In all, since the Affordable Care Act (ACA) was passed in 2010, more than $9 trillion of revenue has flowed to the country’s largest health insurance companies, which include UnitedHealth Group; Cigna; Kaiser Permanente; Elevance Health, the parent company of Anthem Blue Cross Blue Shield; and CVS Health, which acquired Aetna in 2018.
The financial data comes from the companies’ annual reports filed with the Securities and Exchange Commission and other disclosure forms.
The revenue and profits substantially increased starting in 2014, when the ACA was fully implemented. The law included a mandate for Americans to buy insurance, as well as government subsidies for such insurance policies.
Hold The Powerful Accountable
Last week’s murder of Brian Thompson, chief executive officer of UnitedHealth Group’s insurance division UnitedHealthcare, has sparked an outpouring of anger towards health insurers. New Gallup polling data shows Americans’ view of health care quality has declined to a 24-year low. The same data showed that 62 percent of Americans believe “it is the responsibility of the federal government to make sure all Americans have healthcare coverage” — a decade high.
These five insurers control over half of the commercial market share of the U.S. health insurance industry. Their revenues and profits have increased as they have become larger, both because of mergers and because the Affordable Care Act’s subsidies have helped Americans buy private insurance.
Name a single major country on planet earth that has a successful 100% free market health care system
So in other words the person just dies then, right? Because no profit seeking company would pay millions of dollars of treatment for a dying person. Just say it. You keep dancing around your hypotheticals.Which party is going to take on the sexual gratification of someone that is unwillingly not having sex ?
Which party is going to pay for you to go on a vacation if your business of selling stolen candy dries up?
Which party is going to buy Bernie Sanders his 4th house?
Which party is going to take on the debts and bills of a dying person who peacefully refused to go along with your plans for their life and they were assaulted for failure to obey by well meaning but offensive force approving people like you?
These are all good questions.
Maybe you could organize a voluntary charitable effort to fund the things you are deeply concerned about. Maybe those who feel the same way as you can contribute to it?
Who is stopping you from doing that? Get to it, show me how it's done.
So the free market doesn't exist then, right? Since every economy is crony. lol.You continually conflate crony capitalist systems with free market voluntary exchange between willing parties. They are not the same thing.
Fact - You have more in common with crony capitalsm than I do. Both you and crony capitalists want to use government force / "rules" to get the things you want even if it violates the consent of otherwise peaceful people. I do not.
Fact - I prefer human interactions, both interpersonal and business don't sanctify acts of consent violations.
You do not.
Name any single country on planet earth that isn't run by thieves and parasites.
So the free market doesn't exist then, right? Since every economy is crony. lol.
Cool man. This has been a very constructive conversation, you definitely don't come across as some unhinged libertarian lol.
So in other words the person just dies then, right? Because no profit seeking company would pay millions of dollars of treatment for a dying person. Just say it. You keep dancing around your hypotheticals.
If voting for single payer health care is gang rape to the people who didn't vote for it, & the free market doesn't exist because it's all "crony capitalist" - the conclusion is those people seeking care just die.