The cost of ObamaCare subsidies is staggering and the true costs are well hidden from the American taxpayers
Just the expiration of the Covid era subsidies is pushing the premiums up a thousand plus dollars a month in some cases - with huge out of pocket deductibles
I recall reading that every “free” Covid shot cost $1,000.
And yet, by their own admissions, many health insurance companies are showing record profits.
So are the premium increases caused by loss of subsidies so to maintain record profits the companies are raising premiums??
Profit is necessary, Econ 101, record profits are not🤔
Is this a chicken/egg thing? Companies will raise premiums so as to create pressure to “do something “ IE fleece the taxpayers
Reminds of the college tuition scam, govt provides loans, “bastions of liberalism” raise and raise tuition, govt increases loans, colleges raise tuition, and we howl about cost of college(won’t even get into the scam that most college “degrees” are today)without addressing the elephant in the room.