Obamacare gave the insurance companies 2 choices: Get out of the business or play by Obama’s rules. That is not a co-conspiracy, that is blackmail.
The insurance companies likely knew Obamacare would be a disaster. They've been in the business a long time & know what works & what doesn't. That they managed to put some assurances into the bill is to their credit.
Any company, insurance or otherwise, has 2 priorities: maximize profits & operate within the law. Any CEO that advocated losing money to appease irrational liberals will quickly be replaced. Any CEO who failed to get the best deal he could re. Obamacare would be derelict in his commitment to his company.
Most insurance companies are PUBLICLY owned. If you have mutual funds, you are likely an investor in these companies. A quick look at the stock market will show the insurance stocks mostly follow the DOW. None are reaping out-sized profits.
You have bought the latest Obama lie - the insurance companies are evil. Nonsense.
I think both our arguments have merits. I subscribe to the notion these guys were into this from day one. BTW, not all insurance companies are for profit. In fact, the largest healthcare ones are not for profit: BS/BC and Kaiser to name a few. If you recall at the outset of the debate about O care, non of the insurance companies uttered one word against it, they were bought off in my mind. You believe they were forced to acquiese. One of us will be correct but the result is the same, the public got screwed.