Investors Business Daily - The New York Times this week reports that ObamaCare has made strange bedfellows between the insurance industry and the federal government. Who could have imagined that?
.. The New York Times has discovered that, lo and behold, "the relationship between the Obama administration and insurers has evolved into a powerful, mutually beneficial partnership."
"Our government business is growing along multiple fronts," WellPoint CEO Joseph Swedish boasted. The company called Medicaid "highly profitable."
WellPoint now relies on government programs for 45% of its operating revenues.
Aetna, which depends on taxpayer money for 40% of its premiums, said "excellent performance in our government business" contributed to "a very good year."
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