Sen. Mike Lee On Obamacare’s Effect on Health Insurance Costs: It ‘Makes Everyone Else Poor’

Senator Mike Lee (R-UT) is pushing back on the idea that the Affordable Care Act (ACA), known as Obamacare, has made health insurance costs more affordable, saying, “Obamacare makes everyone else poor.”

Lee shared a graphic, first posted by President Trump on Truth social, showing how major health insurance company stocks have performed since the ACA was enacted in 2010 to November 2025.

The seven major health insurance companies depicted on the graph show gains of anywhere from 414% to 1177% in their stock prices between March 2010 and November 2025.

Lee called out the insurance providers, noting that they’re “making money hand over fist” but not because they are providing “new & innovative ways of making Americans healthier.”