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Health insurers have never had it so good. Their stocks are up more than 1,000 percent since Obamacare passed, and they now receive roughly a trillion dollars per year in federal subsidies.
With that much taxpayer money at stake, politics inevitably follows the cash—and lately, the industry has taken a hard-left turn.
In the last presidential campaign, insurers gave five times more to Kamala Harris than to Donald Trump. Blue Shield of California donated $500,000 and UnitedHealth donated $75,000 to Gov. Gavin Newsom’s ballot measure effort, Prop.
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