Right Hooks

ObamaCare in 2015

Dan Gilmore · Jan. 5, 2016

It’s hard to see how even Democrats can be happy with the results of ObamaCare in 2015. Sure, Barack Obama crowed how the legislation insured 17 million people in his first weekly address of 2016, but his signature legislation has only solidified worrisome trends in the health care industry. For example, 2015 was the year of the disappearing co-ops. Once proposed as a way to introduce some competition into the health care marketplace, they were choked to death by federal regulation. In 2014, only one co-op, Maine, made money. So who ended up holding the cash made from the redistributed playing field? “Since early 2009, the Affordable Care Act has provided a tremendous bonanza to investors who possess health insurance stock,” wrote Dr. Ramin Oskoui, a cardiologist working near Washington, DC. “Since that time, the large Obamacare health insurance companies (Aetna, Anthem, Cigna, Humana, United Healthcare and WellPoint) more than tripled in value, with the price-to-earnings (P/E) ratios remaining under 20.” But with the average Millennial-age Democrat lambasting the 1% and large corporations, it’s hard to square ObamaCare’s outcome with the lip service given by the party of the Left.

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