photo Paragon Pic
the staff of the Ridgewood blog
Ridgewood NJ, it seems Obamacare is more than a tax after all, the Ridgewood blog has been sounding the alarm on this issue ever since the inception of the “Unaffordable Care Act” over a decade ago. Now, we have concrete evidence confirming our concerns were valid all along.
Let’s revisit the cunning maneuver executed by colossal insurers like United Health during the debate over Obamacare. They orchestrated one of the most duplicitous lobbying tactics in American history, funneling hundreds of millions of dollars into supporting Obama’s plan under their own trade association’s banner, while simultaneously investing a comparable sum through the US Chamber to oppose a government-run “public option.” The outcome? They hit the taxpayer-funded jackpot.
According to reports from the Paragon Health Institute:
As depicted in the Paragon Pic, the weighted average of health insurer stock prices has skyrocketed. Since 2010, when the ACA was enacted, these stocks have surged by 1,032 percent, and since 2013, the year before the ACA’s key provisions took effect, they’ve risen by 448 percent. In contrast, the average growth of the most popular S&P 500 exchange-traded fund (ETF) was 251 percent and 139 percent, respectively. ETFs, which actively trade a basket of securities, often track the financial performance of an index, such as the S&P 500 or a specific sector of the economy.
The figure illustrates the trends over time for various ETFs and a market value-weighted group of health insurer stocks compiled by Paragon. Prior to the ACA’s implementation, these industry categories generally moved in tandem. However, a significant divergence emerged post-ACA, with the health care fund and, notably, the group of health insurer stocks experiencing substantial surges.
Conservatives concerned about corporate power should focus their attention on these entities, which have become instrumental players in big government and are reaping substantial profits at the expense of taxpayers.
the Ridgewood blog has a brand-new twitter account, we tweet good sh$t
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How about just make one insurance company across-the-board done
Welcome to the revolution, comrade. We wear pink on Wednesdays.
You lot have had 14 years to come up with an alternative, including several years of controlling all three branches of government.
You never even tried.
who is “you lot”
Is ANYONE surprised?