November 18, 2014

CULTURE OF CORRUPTION: Obamacare’s Insurance Cronyism. “The New York Times has finally caught on to the fact that the Affordable Care Act’s biggest winners are not individual Americans but huge insurance companies. A recent piece in the paper of record notes that insurance companies benefit from vast federal subsidies and the legal mandate that everyone has to buy their stuff. In return, these companies provide support for the Affordable Care Act and the Administration, including helping to fix the troubled and backing the law against its legal challengers. Out are the ringing denunciations of insurance company profiteering that were commonplace in the Democratic party before the ACA was passed; in are gratitude and paeans to ‘cooperation.'”

When government and industry are “cooperating,” it’s usually at your expense.

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