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Sen. Mike Lee On Obamacare’s Effect on Health Insurance Costs: It ‘Makes Everyone Else Poor’ But Insurance Companies Rich
American Greatness ^ | 11/10/2025

Posted on 11/10/2025 10:13:30 AM PST by SeekAndFind

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.

Health insurance companies are making money hand over fist—not because they’ve discovered new & innovative ways of making Americans healthier, but because Obamacare insulates them from competition while giving them massive subsidies

Downside?

Obamacare makes everyone else poor

pic.twitter.com/T11KSav7Hk

— Mike Lee (@BasedMikeLee) November 8, 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.”

Instead, Lee says, these health insurance companies are prospering due to the bureaucratic barriers that prevent new competition and from massive subsidies from the federal government.

The continuation of many of those ACA subsidies has been the main point of contention between Democrats and Republicans during the current 41 day government shutdown.

Democrats have insisted that certain parts of the ACA, namely, enhanced premium tax credits which are set to expire at the end of 2025, continue to be funded in any continuing resolution.

According to ABC News, an estimated 22 million of the 24 million ACA marketplace enrollees are currently receiving enhanced premium tax credits to lower their monthly premiums, which were part of the original ACA legislation and expanded in 2021 during the COVID-19 pandemic under the American Rescue Plan.

If those provisions of the ACA are allowed to expire, many policyholders will be on their own to cover the increased cost.

However, many ACA enrollees are set to see their premiums rise, even without the tax credits.

President Trump made waves on Saturday when he suggested that the money being sent to “money sucking insurance companies” instead “be sent directly to the people.”

"I am recommending to Senate Republicans that the Hundreds of Billions of Dollars currently being sent to money sucking Insurance Companies in order to save the bad Healthcare provided by ObamaCare, BE SENT DIRECTLY TO THE PEOPLE…" – President Donald J. Trump pic.twitter.com/3plPUvUN1p

— The White House (@WhiteHouse) November 8, 2025



TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: aca; cost; healthcare; healthinsurance; insurance; medicare; mikelee; obamacare; spendingaccounts
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1 posted on 11/10/2025 10:13:30 AM PST by SeekAndFind
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To: SeekAndFind

2 posted on 11/10/2025 10:13:44 AM PST by SeekAndFind
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The smokey back room deal is get this in place and the insurance companies will fund all the Democratic party campaigns. That’s why the left is so life and death defending insurance companies getting ACA funding.


3 posted on 11/10/2025 10:16:47 AM PST by USCG SimTech
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To: SeekAndFind

Why can’t the other Utah senators be more consistent like him? Goes back to Hatch-even before.


4 posted on 11/10/2025 10:17:25 AM PST by DIRTYSECRET
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To: SeekAndFind

The Dems never say what the limits are for getting these subsidies. And what changes were there when the revised the original Obamacare when Covid came along.


5 posted on 11/10/2025 10:17:35 AM PST by Sacajaweau
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To: SeekAndFind

People with home equity lines of credit and equity still buy health care cost coverage because it comes with provider greed management.

Why do I pay $185/month for Medicare Part B? Provider Greed Management.


6 posted on 11/10/2025 10:20:41 AM PST by Brian Griffin
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To: USCG SimTech

Both Democrat leaders in the two houses of Congress are from New York City, and they are both wholly owned by major Wall Street financial corporations.


7 posted on 11/10/2025 10:23:50 AM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: SeekAndFind

There are so many reasons unconstitutional gov’t healthcare should be abolished.

Here is a sampling of reasons:

1) Gov’t takeover of healthcare is unconstitutional and, thus, illegal. Nowhere does the Constitution delegate power to the feds to meddle in healthcare.

2) See 1)

3) Gov’t healthcare puts your individual healthcare in the hands of distant, indifferent, and non-medial D.C. bureaucrats and politicians who of course as middlemen must be paid and, thus, increasing the cost of healthcare. The HHS bureaucracy has a budget of $1 trillion.

4) The highest quality, most affordable, and most available healthcare in the world is what we had in the voluntary cooperation DIRECTLY between doctor and patient before the gov’t muscled in in the 50’s and 60’s with its “helping hand” hand out and a hammer behind his back! As Ronald Reagan said, “The nine most terrifying words in the English language are: ‘I’m from the Government, and I’m here to help’”.
https://freerepublic.com/focus/news/4350455/posts?page=1

5) Gov’t hammer? What hammer? Forced vaccines, forced abortions, forced treatment all by distant politicians and bureaucrats who are not medical experts and do not know you personally.

6) Gov’t agenda vs. your own personal agenda. Who cares more about your health? You? Or some distant politician and bureaucrat who doesn’t know you from Adam and frankly couldn’t care less about you personally?

7) No one cares more about your health than you. Why in the world would you take your personal healthcare and your personal choices in the self interest of your health and wellbeing out of the hands of the DIRECT relationship between you and the doctor of your choosing who knows and cares about you, and instead put your healthcare in the hands gov’t politicians and bureaucrats who don’t know you, have the power to force you to do what they want, and who have their own agenda which includes “culling” the “overpopulation” - so gov’t has a bias toward death.
https://freerepublic.com/focus/f-chat/4350451/posts

8) “Healthcare” availability based on gov’t budgeting – a potential disaster. Long lines and long waiting time for procedures immediately available under free market healthcare directly between doctor and patient.
Ongoing government shutdown hinders healthcare providers during flu season

9) That is a short list. There’s more but why would anyone need more reasons? NUKE UNCONSTITUTIONAL GOV’T HEALTHCARE!!!


8 posted on 11/10/2025 10:24:17 AM PST by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: SeekAndFind

What a shock insurance companies are about making money. The whole health model in the country is about making money. The fight is over who and how much. Doctors, hospitals, insurance companies and drug makers. The last 3 have the biggest influence on congress.


9 posted on 11/10/2025 10:24:22 AM PST by pas
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To: SeekAndFind

If Mr. & Mrs. 300%-of-FPL have to buy a Pelosi Pig Policy at twice what they should have to pay, a 50% “subsidy” isn’t a true subsidy.

Someone has to pay for the health care costs that result from defective lifestyles, eating and public policy.

People are getting up to $300/month to buy food, often unhealthy junk food.

Trump then allows them to get cheap insulin, which fattens them up more.

Trump then negotiates discounts on diet drugs.


10 posted on 11/10/2025 10:25:49 AM PST by Brian Griffin
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To: SeekAndFind

And just why do you think, Mr. Lee, that Obama got so much more campaign cash than did Mr. McCain?


11 posted on 11/10/2025 10:27:42 AM PST by Carry_Okie (The tree of liberty needs a rope.)
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To: SeekAndFind

What is health care?

1. questions from a doctor
2. orders of a doctor for tests
3. blood sample tests
4. ultrasound
5. MRI
6. CAT
7. x-ray
8. advice from a doctor
9. physical therapy
10. surgery
11. applied radiation
12. orders for a doctor for drugs
13. drug dispensing
14. chemical infusion
15. blood processing, storage and transfusion


12 posted on 11/10/2025 10:29:06 AM PST by Brian Griffin
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To: SeekAndFind
--- "It ‘Makes Everyone Else Poor’ But Insurance Companies Rich"

More expansively, it makes the medical sector haul in a large percentage of the economic activity of the nation. Obama and the Democrats planned this, partly for crony friends and partly for the ideological notion that nationalized health was some sort of reasonable goal. When Leftist goals and corruption mix, slow motion failure is assured.

13 posted on 11/10/2025 10:30:18 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Jim W N

Roberts was right. “It’s a tax” and it’s taxing us to penury and early death.


14 posted on 11/10/2025 10:33:02 AM PST by AndyJackson
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To: SeekAndFind

For health care, bring on market force:
1. Break most hospitals into two highly competitive entities
2. Convert other hospitals into real estate leasing entities with competing surgical suites and nursing wings
3. Separate out drug coverage so hospital systems can run care coverage systems and cut out insurance company overhead and meddlers.
4. Create interstate drug plans that don’t have to cover every drug. To qualify for exchange listing and federal subsidies, they would have to most (~80% or more) in all important types (large volume recombinant, small volume recombinant, breakthroughs under patent, etc.). Group and exchange plans to offer vouchers at plan set amounts for out-of-formulary drugs.
5. These plans would be all the doctors (and AI) prescribe for formulary drugs with co-pays equal to manufacturing cost
6. Have drug patents limited by government sourced product revenue and overall domestic government health care spending and not by time [so drug companies have an incentive to minimize government health care funding]
7. Require Kirchoff patent collapse to a single entity upon FDA marketing approval of a covered entity
8. reform medical education, breaking down medicine and dentistry into simpler chunks and start it in the first year of college
9. replace most primary doctoring with AI
(human doctor would confirm AI diagnosis, prescribe radiation imaging/treatment, and voucher/government co-pay drugs)


15 posted on 11/10/2025 10:34:13 AM PST by Brian Griffin
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To: Brian Griffin
What is health care?

It's contributing to a healthy citizenry [shared jointly with the citizens themselves] and caring for diseases and injuries that impact their health.

What you have provided is a list of fee-generating tasks that might or might not aid in health care.

16 posted on 11/10/2025 10:36:00 AM PST by AndyJackson
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To: SeekAndFind

Republicans ran on repealing the ACA in 2016 and then backed out with McStain proudly and loudly voting to keep it while spitting in Trumps face.


17 posted on 11/10/2025 10:39:31 AM PST by shotgun
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To: SeekAndFind

For reference, the Dow rose 570%.

The S&P 500, 700%

The Nasdaq, 1100%


18 posted on 11/10/2025 10:40:24 AM PST by TexasGator (750 hp Florida Gnat)
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To: SeekAndFind
Did Mike Lee vote to repeal and replace with better plan that time they had the house and Senate and Trump in the whitehouse in 2017 and it was brought forward like the GOP had been promising since Obamacare first passed?

Oh wait, they told us they had no alternate plan and were lying about that for years and quickly moved on to the work of blocking Trump on everything. Somehow I am skeptical they are any more serious about it now.

19 posted on 11/10/2025 10:41:21 AM PST by pepsi_junkie ("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
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To: SeekAndFind

It seemed to me when Obama care passed the premium I paid for my employer sponsored healthcare stayed the same, but my deductible ballooned. I figured the saving in cost was used to pay for the uninsured.


20 posted on 11/10/2025 10:42:14 AM PST by alternatives?
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