Obama administration knew insurance companies would drop millions of customers
Kate Randall: Obama administration knew insurance companies would drop millions of customers ■ The insurance companies’ cancellation of these individual policies is not the result of a technical anomaly of the ACA, but goes to the very heart of Obamacare. From the beginning, the legislation has been crafted with the main aim of cutting health care spending while boosting the profits of the private insurers and corporations. Aside from Obama’s cynical political considerations in defending his main domestic initiative, at its most fundamental level, the health care overhaul is driven by a bipartisan agenda to slash health care spending and impose a greater share of the burden onto the backs of ordinary Americans, while boosting the bottom line of the health care industry and corporations.