“I don’t think it’s in our society’s best interest to expend energy in repealing the law.”
—David Cordani, the CEO of Cigna, the fifth largest health insurance company in the U.S., commenting on Republican pledges to repeal the Affordable Care Act
Of course, health insurance companies got something very important out of health care reform: the individual mandate. This new requirement that all Americans maintain health insurance – buying it from private insurers if they don’t qualify for public programs – will be a massive boon to the industry come 2014 when the mandate kicks in.
Whether you agree with insurers that the mandate is a good idea, it’s hard to read the above quote and believe anyone who says the ACA is a socialist plot.