"legislation that only helped the insurance companies."
Not true at all. It helped every Trustee of every Health Plan in America.
As I referenced above, the decade before O'Care saw 31% inflation, but 131% medical inflation, more than FOUR TIMES regular inflation. Health Plan Trustees were freaking out. I should know: I was a Health Plan Trustee, and my colleagues and I were freaking out.
Obamacare, combined with the fallout from the Bush Bust & Bailout of 2007-2009, bent the inflation trajectory downward, and gave a lot of breathing room to a lot of health plans. And forced rebates when profits exceeded 25% woke up the industry: any excessive jumps would just trigger excessive paperwork on the back end.
I've been on this blog over 20 years. Regulars know I've been against the ACA from the start, but always said I'd give it props if it addressed runaway medical inflation.
It did.
"Those all three were tied to COVID."
So giving money is bad, unless Republicans are doing it?!?
Are those goalposts heavy when you have to keep moving them???