Democrats Double Down on Obamacare
Those of us who long believed Obamacare was flawed but a giant step in the right direction have been suspecting that the Democrats were only halfway defending the legislation until it got through the Supreme Court. Why burn political capital that could be completely wasted if the Supreme Court rendered it moot? A spate of ads started coming out from the Obama team the very day after the decision, and now we see Democrats are completely on offense now rather than playing the halfhearted defense they have been for the last couple of years.
The timing couldn’t be better in my view. The national referendum on health care looms. Let’s have it and get it over with.
(This item cross-posted to Dean’s World.)
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It’s about time. If anyone needed any more convincing of this, check out the shares of United Health Care. They are up 6-fold since January of 2000 versus a stock market that has appreciated 0%. So, is their “product” (health care policies) six-times better than it was, or 1/6 the cost? I have no objection to healthcare insurance companies making money. Quite the reverse. However, I do think they should be in the same position as electric utilities. They offer an essential service and should be subject to similar rules concerning pricing.
Steve, their profit margin is 5%. Not exactly extortionate compared to GE’s 10% or Apple’s 27%. Insurers are just middlemen and have very little control over health care prices.
Steve, AFAIK, in many states your wish has already come true–they are regulated that way.