Obama still pretending that repealing ObamaCare would benefit insurance companies
But the president’s Big Corporations Vs. Little Folks narrative doesn’t stand up to much scrutiny. The health insurance rebates, for example, may actually be making health care more expensive overall, and because many of those rebates are sent to employers, many individuals won’t see the rebates directly.
Regardless, the $1 billion in rebates customers stand to lose doesn’t come close to what the health insurance industry has on the line. According to a Bloomberg Government study from May, insurers stand to lose $1 trillion in revenue if the law is repealed…
It’s not just health insurers. Most of the health systems biggest and most powerful industries are betting on the la to boost their bottom line. The drug industry cut a deal with the White House to health finance the promotion of the health law.