An unwritten rule in politics is: If you can’t get the public to like you, help them find someone they like even less. President Donald Trump may have done just that in the health-bill wars by shining a light on health insurance companies and members of Congress.
He hit those two birds with one stone in this single tweet Monday morning:
President Trump is referring to the massive direct and indirect subsidies the health insurance companies have enjoyed thanks to the Affordable Care Act and the employer-provided funds members of Congress and their staffs receive to buy health insurance on the Obamacare exchanges.
Let’s start with the health-insurance companies. The bottom line is that the industry has been enriched significantly by Obamacare. The shares of Aetna, Anthem, Centene, Cigna, Humana, and UnitedHealth have all outperformed the overall stock market, which has had a solid run, since 2010.
But even before those new profits came pouring in, health insurers weren’t exactly loved. Premiums were rising faster than income growth in America for years and those costs were increasingly becoming a middle class problem. Doctors and medical staffs were becoming more and more frustrated with the way insurance companies were taking control of how patients were treated and basically how much everyone in the medical…
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