The Real Reason Behind The Opposition To The Affordable Care Act

The real reason behind the fight against the Affordable Care Act is not whether it's a tax or not. The real reason has nothing to do with the Commerce Law. It also has nothing to do with the imaginary death panels or other fabrications they have come up with.

The real reason the teahadists and corporate puppets are against ACA is pure, unadulterated, old-fashioned greed:

Profits for the 10 largest U.S. insurance companies jumped 250% between 2000 and 2009 while millions of Americans have lost coverage, according to a report released Thursday by the U.S. Department of Health and Human Services. The report found that the five biggest insurance companies -- WellPoint (WLP), Cigna (CI), UnitedHealth Group (UNH), Aetna (AET) and Humana (HUM) -- saw their profits increase 56% in 2009, a year in which 2.7 million people lost their private coverage.What's more, the report found that the companies combined earned a total of $12.2 billion last year. And lest we forget, on the executive compensation, CEOs of the top five received $24 million on average in 2008, the report said.

Given the timing of the release of the report, was the document an effort by the Obama Administration to increase pressure on the insurance industry as it looks to gain the public's support for health-care reform? It's clear that health insurance companies don't seem to have a lot of friends these days.

That's not just revenue, that is profit. That is what they have gained after taxes (not that they pay any), after paying their workers, and other the other costs.

And that was from two years ago. Their profit margins are probably very much higher now.

And these are the "corporate people" who are buying our lawmakers to increase their power and their profits even more.

H/T The Motley Cow