ACA it is no "gift" to the insurance companies which is evidenced by the fact that they're so desperate to kill it.
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Then there's the pharmaceutical industry. ACA prohibits the government from being able to negotiate lower drug prices (or reimportation), contrary to the clear mandate of the 2008 election.
The American taxpayer has been subsidizing pharmaceutical companies for decades with the promise that the R&D we were paying for would result in lower prices and breakthrough cures. Instead, we've been stuck with higher prices (twice as much as other industrialized countries) while the pharmaceutical companies try to snag new markets overseas with what were to be our discounts.
Not only did Obama break his campaign pledge (of the government, PhRma biggest customer, negotiating for lower priced drugs, and reimporting pharmaceuticals), he gave PhRma a huge gift. The deal that Obama made with PhRma wasn't for PhRma to go up against Big Insurance; it was for PhRma to help sell a plan that makes more profits for Big Insurance.
PhRma paid chump change ($80 billion over 10 years, plus $150 million for ads to support a plan that had NO public option) so that they could keep massive profits and k!II public healthcare. Obama (who had dropped the public option and the universal requirement) let the pharmaceutical industry continue to make obscene profits, and gave the insurance industry a clear field and new customers, all paid for with taxpayers' money.
$80 billion over 10 years is less than 1% of the profits PhRma makes in one year.
Obama, who dropped the public option and the universal requirement, let the pharmaceutical industry continue to make obscene profits, and gave the insurance industry a clear field and new customers, all paid for with taxpayers' money.
How Obama and the DLC-controlled Democrats have tried to defend and sell ACA with regard to their pledge on pharmaceutical costs (that ACA closes the "donut hole" in Medicare) is particularly galling.
To begin with, the "donut-hole" never should have existed in the first place, and that the DLC-controlled Democrats created as a "compromise" for Bush's Medicare Reform Act of 2003 (another massive corporate giveaway package) is that the whole of Medicare Part D was a scam and a scheme, a "first step" (as Obama's 'most ardent supporters' like to say) towards privatizing public healthcare.
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