Obamacare is, and by far, the brightest spot of US healthcare.
Actually, no, he's right. Innovation is where the US is the world leader in health services.
That's what you can do when you have a stringent patent system that allows companies to reap ridiculous profits from a fairly broken healthcare system.
Ridiculous profits? Try again. Overall, the profit margin for health insurance companies last year was 3.4%. That ranks 87th out of 215 industries. Surely these will increase since we have a law now that makes it illegal not to have a product offered by these companies.
For something that comprises
one-sixth of our entire economy? Yes, those are ridiculous profits. The margin should be closer to a tenth of that, especially when you consider that the "3.4%" is closer to 20% when factoring in all of the administration, underwriting and useless marketing these companies do to jazz up something that should be solely about what objective level of coverage is being provided. No other country in the world pays of the privilege of having their healthcare plans effectively boxed, gift-wrapped and turd-dressed to convince people to pay an exorbitant amount for them, all the while making the costs that much more exorbitant.