Surprise, surprise. The law that Pelosi said we needed to pass in order to know what was in it, benefits insurance companies more than the public:
Health insurers will gain $1 trillion in new revenue over the next eight years under the 2010 health- care law, assuming it’s upheld by the Supreme Court, according to a Bloomberg Government study.(Full story here).
The amount is equal to about one-half percent of the nation’s estimated gross domestic product from 2013 to 2020, and insurers led by UnitedHealth Group Inc. (UNH) would keep about $174 billion -- $22 billion a year -- for profit and administrative costs. The money comes from U.S. subsidies to people purchasing insurance beginning in 2014 and an expansion of Medicaid, the government’s health program for the poor.