It is gratifying to see crony capitalism getting the attention it is in the GOP debates. Every major Republican candidate has weighed in on the issue, one way or another. Ms. Fiorina rightly sees the crony nature of Obamacare, and made an issue of it last night. The ACA was indeed written by the insurance and pharmaceutical industries. It’s the only reason, ultimately, Obamacare became law.
(From The Washington Examiner)
She also decried the relationship between government regulators and insurers, saying negotiations between the two parties end up undermining consumers and market forces. She noted the healthcare law was only passed by Congress after the biggest industry players, including insurers, medical providers and drugmakers, agreed to the measure as a whole.
ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.