Mr. President, End the Collusion . . . in the Healthcare Industry

Between December 31, 2008 and April 2018, the S&P 500 saw 177 percent growth. By any measure, a strong performance for that nearly 10 year stretch.

But the S&P 500’s performance pales in comparison to that of Aetna Insurance. The health insurance giant saw its stock value go up by 445 percent in that same time frame. However, Aetna was outshone by Humana, which saw its stock go up 608 percent. Not to be outdone, United Health saw its stock grow by 655 percent. But the real winner in that time frame was Cigna, whose stock value grew by a whopping 866 percent.

To put a fine point on it, insurance companies outperformed the S&P 500 by anywhere from 2.5 times up to five times over nearly a decade.

What a coincidence. Or not, actually.

Insurance companies have been making record profits, as have health providers in the United States, specifically non-profit hospitals (which a majority of our hospitals are) over the last 10 years; the largest 84 hospital systems in the United States generated $535 billion in revenue in 2017 alone. One might actually be forgiven for thinking that ObamaCare has caused massive windfalls for insurance companies and healthcare providers.

Read the full op-ed on American Greatness.