Contrary to the propaganda of the left, the big insurance companies quietly support ObamaCare. Why? Simple. the individual mandates that require every person to purchase fully-loaded insurance policies is a gold mine.
Phil Kerpen, Policy director of Americans for Prosperity, explains:
Under this plan, the government would actually require by law that every American purchase a particular product from a small group of favored companies. Not surprisingly, a lobbyist for a major health insurance company recently told me this is precisely the outcome his employer wants. This explains why — contrary to popular belief — the major industry players are not funding any of the groups broadly opposed to big-government health care plans.
It’s like the Government ordering everyone to go out and buy a Cadillac, Lexus, Lincoln, or BMW. The big car companies would be delighted with such a plan. For the consumer who only needs a Hyundai or a Volkswagen, and who is instead forced to boy a fully-loaded Escalade, it’s not sucha great deal.