Tag Archive: Blue Cross Blue Shield


Insurance Giants that Wrote and Lobbied for Healthcare Law Cash In

 

UNH

United Healthcare (UNH)

 

” Who would have thought forcing everyone in the nation to buy health insurance would be so profitable?

Turns out if you’d invested in health insurance company stocks at the start of the whole Obamacare fiasco, you’d be sitting pretty right now.

Here’s a list of some of the top health insurance providers in the U.S., and a look at how their stocks have produced decent returns since Obama signed the Affordable Care Act into law in 2010.

Actually, this shouldn’t come as a shock. After all, the health care industry spent nearly $500 million lobbying for health care issues in 2012, and $243 million so far in 2013. “No other industry sector spent more lobbying Congress and the federal government,” according to Breitbart.”

 

 

 

 

 

 

 

 

Cronyism Writ Large

 

 

 

” Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices.

The major health insurance company Blue Cross Blue Shield, which is closely coordinating with the White House on Obamacare implementation, will enjoy perhaps the greatest monopoly of all, the North Carolina Republican said in a statement.

“Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare: Blue Cross Blue Shield.”