Obamacare was and is a crony vehicle in about a thousand ways as we have long documented here. It was a deal worked out with Pharma and health insurers that was forced through largely against the will of the people.
(From The Washington Examiner)
When Congress passed Obamacare, insurers had just begun selling renewal guarantees as a standalone product. These policies gave purchasers the right to enroll in a health insurance plan whenever they wanted, at healthy-person premiums, no matter how sick they got in the meantime, and cost roughly 90 percent less than the average Obamacare premium. Twenty-five states approved this marvelous innovation for sale before Obama unilaterally banned it. Wednesday’s rule makes this and further innovations possible again.