The pandemic was a scam, Obamacare is a scam. The profits of those insurance companies went up like 2500% during the Biden Crime family's reign of corruption.
Profits Since the Affordable Care Act (2010–Present)
Since the ACA's passage in 2010, the health insurance industry has seen a massive expansion in both revenue and net income.
Total Profits: The top five U.S. health insurers (UnitedHealth, Cigna, Elevance, CVS/Aetna, and Humana) have collectively earned more than $371 billion in profit since 2010.
Annual Growth: Combined annual profits for the six largest insurers rose from $16.9 billion in 2010 to $60.7 billion by 2021.
Revenue Surge: Total industry revenue grew from $245.2 billion in 2010 to over $1.1 trillion by 2021.
Stock Market Performance: Between 2014 and 2018, health insurance stocks outperformed the S&P 500 by 106%.
Profits During the COVID-19 Pandemic (2020–2021)
The pandemic initially provided a massive financial boon for insurers due to a sudden drop in non-COVID medical claims.
Record 2020 Gains: In 2020, industry operating profits surged to $41.4 billion, a 52% increase from the $27 billion average seen between 2017 and 2019.
Net Income Spike: The industry experienced a 38.1% increase in net income from 2019 to 2020, making it the most profitable year since before the 2008 financial crisis