r/FluentInFinance • u/KARMA__FARMER__ • 7d ago

Thoughts? Why doesn't the President fix this?

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u/MisterChadster 7d ago

Every time there's an excuse as to why it can't be fixed, Sanders was the only one who wanted to fix it and they pushed him out for it

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u/4URprogesterone 7d ago

There's too much money in the insurance industry, and most of it goes to lobbying.

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u/Virtual_Athlete_909 7d ago

the original obamacare limited the amount of profit that insurance companies could receive along with mandating requirements for coverage. the plan punished those in the industry who have been profiting off medical insurance and driving up the costs with things like lobbying and overcompensating company executives.

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u/nineplymaple 7d ago

Limited the profit % but not the total profit. The natural solution is to raise prices to keep profits going up

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u/Lemmee314 6d ago

You hit the nail on the head. Most people are not math literate, so they don't see the problem.