Aetna CEO sees piles of taxpayer financed profits thanks to Obamacare

Aetna has more than trippled in stock price since Obamacare passed. It's almost like the law was written FOR them or something.
Aetna has more than trippled in stock price since Obamacare passed. It’s almost like the law was written FOR them or something.

That’s nice. It sure is good to know that the crony deal of the century (so far) Obamacare, is working out for the giant insurance companies. I was worried for them.

I’m joking of course since the giant health insurance companies along with Big Pharma wrote a good piece of the law. A law which was not even supported by a majority of Americans but was forced through Congress on questionable procedural grounds. A law which has now financially addicted a good portion of the American people like it was designed to. Yep, good times for the health insurance companies.

Not the small businesses of course. That’s a different matter. But they don’t have lobbyists and friends in the White House so that’s the way it goes in Obama’s America.

And all the profits the Aetna CEO is so happy about? They are a direct transfer of wealth from the middle class via taxes to his corporation’s bottom line. Congratulations big government people. Way to embrace corporatism.

(From Forbes)

Health insurer Aetna AET +1.99% (AET) said it would make more money than originally anticipated thanks to “attractive growth” from new enrollment on public exchanges under the Affordable Care Act.

Aetna now expects its 2015 earnings per share of “at least $7.00” compared to an earlier projection of at least “$6.90” per share, according to chief executive officer Mark Bertolini who told Wall Street analysts and investors the public exchange business can become “an attractive growth opportunity.”

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