Insurers’ Profits Have Nearly Doubled Since Obama Was Elected

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In 2008, the year that Barack Obama was elected as president, the combined annual profits of America’s ten largest health insurance companies were $8 billion. Under Obamacare, the ten largest health insurers’ annual profits have risen to $15 billion. This is another fine example of the natural alliance between Big Government and Big Business, which flourishes at the expense of Main Street Americans.

Meanwhile, the real median American household income in November of 2008, when Election Day hit in the middle of the recession, was $57,899. By December of 2015—six and a half years after the recession ended—it had actually dropped, to $57,701. So far this year (as of August), it has dropped another $321, to $57,380.

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