How’s ACA hard-hitting on corporations?
The 15/20 rules is what resulted in recorder profits in health insurance business, how’s this anti-corporate?
"You must sell insurance to sick people!", "I don't wanna!", "I don't care, the law now says you must."
I mean, the whole insurance industry had spent the better part of a century (basically its whole existence) denying coverage to people with pre-existing conditions, and the ACA fixed it via fiat.
Not only is it clearly "hard-hitting", I'd argue it's probably the single most "hard-hitting" invasive change to corporate regulation of the post-war era. Certainly it is in terms of the amount of money involved in the affected market.
> how’s this anti-corporate?
And this is where the rub is. You're not saying that your desired regulatory structure is something different than existing proposals, you're demanding that your government engage in behavior that is expressly "anti" whatever you perceive "corporate" interests to be.
That's not democracy, that's just warfare. You have enemies and you want to win. And the problem there is that the structure of our government requires compromise.
https://landline.media/affordable-care-act-tax-penalties-end...
>The penalty for not having an ACA-compliant plan or forgoing coverage in 2018 is the greater of $695 per adult and $347.50 per child for a maximum of $2,085 or 2.5 percent of adjusted household income. The percentage penalty is capped at an amount equal to the national average premium for a bronze plan, the minimum coverage available by law
If their profits are so good, their shares would be worth owning.
Could it be because their profit margins are actually terrible (3% if lucky), and they have to get the price of their product approved by 50 different state government employees, and the federal government constantly changes their customer’s subsidies making revenue and expenses extremely volatile and difficult to forecast?
If you're looking for policies to blame for insurance companies having a rough 2025-2026, look to the Republican-led efforts cap Medicare fees and alter eligibility requirements.
https://dqydj.com/sp-500-return-calculator/
https://dqydj.com/stock-return-calculator/
Since Jan 1, 2010, 18% for UNH, 15% for MOH/CNC, 14% for CI/ELV/HUM/SP500, 8.5% for CVS.
Also, these businesses are competing to sell a completely fungible commodity good with tons of non profits like Kaiser Permanente, HCSC, Cambia, Independence Blue Cross, and many others. It makes no sense to expect those businesses to be able to earn any decent profit margin when their competition only needs 0%.
CNC is up 90% YoY. That's far more than any of the largest tech companies. Alphabet is the highest of the tech stocks, and it's up 38% in the same period. When we look at the performance of the seven large U.S. publicly traded health insurers, their returns were extraordinary in the decade following the ACA.
And it is true, that it was signed by Clinton. But it was otherwise an entirely partisan bill passed with exclusively republican votes. All 44 democrats voted nay.
Now, given that, do you really feel that that's a supporting argument to the upthread contention that Democrats are a corporate-dominated party and not interested in regulation?