Don’t cry for Big Insurance if federal Obamacare subsidies go away, folks.

A helpful reminder: “…the dirty secret is that insurers stand to lose the most from King v. Burwell… The giant players — United Healthcare, Cigna, Aetna, Anthem and Humana — have seen stock prices double, triple, even quadruple since the law was passed in 2010. The coming ruling threatens to put an end to their gravy train.” As Betsy [McCaughey] noted elsewhere in that article, the insurance companies were more than happy to sign onto a program where they had a guaranteed – dare we say, mandated? – customer pool; and one where sweet, sweet tax revenue could be used to stitch together any gaps in this Frankenstein’s Monster* of a health care market.

Which means that health care insurers have absolutely no reason to complain that the State giveth, and the State taketh away.  That’s what the State does; and the insurers took the State’s Shilling.  It’s hardly our fault that this turned out to be unwise. Continue reading Don’t cry for Big Insurance if federal Obamacare subsidies go away, folks.