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One Group Made Out Like Bandits From Obamacare: The Insurers

Back in 2009-10 the major health insurers sold Americans down the river and endorsed Obamacare because they saw the government subsidies offering them more clients and more money. So far insurers are the big winners under Obamacare, as the chart below from The Economist shows.

But the insurance lobby made a deal with the devil and they may pay a high price in the end. How long before the Bernie Sanders and Elizabeth Warrens of the world look at the graphs above and realize: Let’s cut out the insurance middleman and have a single-payer (read: Uncle Sam) pay all the bills? Soon.

It will be hard for free marketeers to defend this current corrupt system of public costs and private profits.

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