Five Years In - How's the Affordable Care Act Doing? A Diagnosis
Hard to believe it's been five years since Congress passed the Affordable Care Act (ACA) on March 23, 2010. The bloviating, vein-popping right-wing still goes ballistic at mere mention of the word Obamacare.
Still, putting aside their senseless distortions and diatribes, not too many of us have cause for celebration except perhaps the top brass from the 1300 or so private health insurers who are raking in enormous profits - health care stocks soared by almost 40 percent in 2013, the highest of any sector in the S&P 500.