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.
Nobody said anything about health insurance companies. We're talking about how America has produced many of the world's new medicines, and it's a fact that patents are used to ensure new medicines are very expensive in the United States relative to other countries. Whether this is a good thing or not (and
some would argue that it's necessary to recoup the costs of development) is up for debate.