As you may have seen in my last blog post, the profits of the largest health insurance companies have been hurt under Obamacare. It is encouraging that these companies and other members of the Insurance Industry are still investing in maintaining the freedom of our markets.
I have dug into the numbers to have a better understanding of their valiant efforts during Obamacare.
“Majority Leader Paul Ryan has received $1,576,754 in Insurance Industry campaign donations since 2010.”
According to Opensecrets.org, the total amount they invested in our political processes in 2016 was almost $80 million, up from around $45 million in 2010, the year of the enactment of Obamacare.
In addition to payments to industry lobbyists, these amounts include donations to incumbent politicians, assuring that caring, experienced public servants, like them, remain in office.
Majority Leader Paul Ryan, the most visible and devoted advocate for dismantling Obamacare, has received $1,576,754 in Insurance Industry campaign donations since 2010. This is the largest amount given to any one member of Congress during the years of Obamacare.
At the same time, we can be proud of our very own Senator Mike Crapo, who has also been among the top congressional beneficiaries of Insurance Industry campaign donations, with a very respectable $543,750 since 2010.
In addition, it is so comforting to know that around 70% of total Insurance Industry investment in our government has gone to Republican defenders of freedom and free markets.
I am sure Leader Paul Ryan, Senator Crapo and their congressional colleagues–with the benefit of Insurance Industry support and lobbying–are doing their objective, level best to craft a healthcare plan that will be good for the whole country.