By Independent News Roundup
U.S. President Donald Trump has launched a nasty, polemical attack against the “money-sucking insurance companies” benefitting from Obamacare, as the latest chapter in the Republicans-vs.-Democrats mud-wrestling match which has shut down the federal government—with the American people picking up the tab. On Nov. 8, Trump posted on his [Truth Social](https://truthsocial.com/@realDonaldTrump/posts/115514453574326959 and X accounts:
“I am recommending to Senate Republicans that the Hundreds of Billions of Dollars currently being sent to money sucking Insurance Companies in order to save the bad Healthcare provided by ObamaCare, BE SENT DIRECTLY TO THE PEOPLE SO THAT THEY CAN PURCHASE THEIR OWN, MUCH BETTER, HEALTHCARE, and have money left over. …”
In a second post on Truth Social, Trump escalated his populist assault: “NO MORE MONEY, HUNDREDS OF BILLIONS OF DOLLARS, TO THE DEMOCRAT SUPPORTED INSURANCE COMPANIES FOR REALLY BAD OBAMACARE. THE MONEY MUST NOW GO DIRECTLY TO THE PEOPLE, TAKING THE ‘FAT CAT’ INSURANCE COMPANIES OUT OF THE CORRUPT SYSTEM OF HEALTHCARE. THE PEOPLE CAN BUY THEIR OWN, MUCH BETTER POLICY, FOR MUCH LESS MONEY, SAVING, FOR THEMSELVES, AN ABSOLUTE FORTUNE!!!’’
The posts were accompanied by a chart showing the phenomenal rise in stock prices for a half-dozen major health insurance companies, from March 2010 (when Obamacare was approved) to November 2025. United Health Group stock soared by 1,177%; Cigna’s by 822%; and Aetna’s by 595%. The chart failed to note that the overall S&P index also rose 475% in that same period, but the health insurance companies did lead the inflationary binge.
The major health insurance companies—and the hedge funds that control them—are in fact the main beneficiaries of Obamacare, as EIR pointed out at the time. But simply redistributing those funds “to the people” is hardly going to solve the underlying health care crisis facing the country.
The 40-day government shutdown is now the longest in history; Senate Majority Leader John Thune (R-SD) told reporters on Nov. 9 that over the Nov. 8-9 weekend, the “lawmakers will remain in session until a deal is reached to reopen the federal government. Republican leaders opted against holding a vote on Saturday afternoon [Nov. 8], but one is possible later Sunday as negotiators work to wrap up a deal on the three-bill ‘minibus,’” The Hill reported on Nov. 9.
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