Originally Posted by
OCDshaver
Not exactly. In Obamacare is a, I won't say hidden but maybe lesser known, stipulation that 80% of all premiums collected (85% for large companies) must be paid out in care. That only leaves twenty percent for salaries, expenses, and profit. Hence the massive layoffs that took place shortly after it was signed into law. Obamacare was designed to run private insurance out of the market. Barney Frank was rather frank when he stated explicitly that this was a first step toward socialized medicine and the architect of the plan stated quite clearly that the American people were too stupid to realize that they were being lied to (his words).