As I’ve mentioned before and I’ll mention again- insurance companies are in the business of collecting premiums to assume risk. The higher the risk the more premiums they charge.
Insurance companies lost hundreds of millions of Dollars due to the ACA and many companies were put out of business causing providers and their insureds to lose additional hundreds of millions of Dollars.
Why do you consider insurance companies any more greedy than any other corporation that’s trying to make a profit (e.g. a car dealership, a cruise line, and an amusement park…)
“There is nothing stopping them from raising premiums and lowering coverage.”
That’s another one of your lies! Insurance companies have to file proposed rates hikes with the state, justify them and wait until they get approved. Check out the CMS website for more information.
“All this was happening before Obama.”
That’s true- he didn’t invent the freeloaders, he just came along and exasperated the problem exponentially.
“Individual Americans have no recourse.”
That’s another lie! Just because you don’t want to do something doesn’t mean that you can’t. Individual Americans can go ahead and vote Republican.