 [TheNewAmerican] It’s not hard to see why insurers are happy with the present state of affairs under ObamaCare. They did, after all, have a large hand in crafting the Affordable Care Act (ACA), and thus many of its provisions naturally favor them. “Indeed,” observed the Washington Post’s Jennifer Rubin, 'the individual mandate is the greatest single act of corporate welfare in memory: The government uses the power of the state to force Americans to become insurance customers and then throws in a subsidy that underwrites the cost of insurance coverage.' On top of that, through the ACA’s 'risk corridors,' insurers “again get taxpayer cash if the exchanges wind up skewed by adverse selection and their costs rise,” she added. In other words, it’s heads, Big Insurance wins; tails, everyone else loses. |