Crony Capitalists, Obama Fundraisers Love Obamacare
Take a quick glance at ObamaCare’s busted multimillion-dollar website and the 3.5 million health insurance cancelation notices hitting American mailboxes and you might be tempted to dub the whole thing a disaster. But it’s not -- at least not for the politically-connected crony companies and big money Obama fundraisers poaching your tax dollars to fix the debacle they helped create.
As CNBC recently put it: “Thanks to ObamaCare, the health-care industry is going to get a big makeover during the coming years and venture capitalists have wasted no time looking for ways to cash in.” Put simply, ObamaCare’s complexity and catastrophic rollout create rivers of cash for Obama’s cronies.
So who are some of the winners in the ObamaCare crony capitalist giveaway?
For those on the left who thought that ObamaCare would mean large health insurance companies might get their comeuppance, they might want to look at UnitedHealth. Wall Street analysts expect the giant to see its stock price rise 40 percent over the next two years, thanks to expanding profit margins. The company has also won big contracts to help implement the rollout. Quality Software Services, Inc., a major contractor for Healthcare.gov, is a subsidiary of UnitedHealth. One of President Obama’s most reliable fundraisers in both 2008 and 2012 was Anthony Welters, executive vice president of UnitedHealth. He raised more than $500,000 for the 2012 election, according to opensecrets.org.
Read the rest of the story at Fox News.