Fact Checker - President Trump's false claim that insurance companies 'have made a fortune'...

[DonViejo]

Fact Checker Analysis

President Trump’s false claim that insurance companies ‘have made a fortune’ from Obamacare

By Glenn Kessler October 19 at 3:00 AM

“We want the money to go to the people. We don’t want the money to go into the pockets. I have a list here where it talks about the insurance companies. … Anthem, big company, from the beginning of Obamacare, 270 percent increase in their stock price. Humana, 420 percent up. Aetna, 470 percent increase from Obamacare. Cigna, 480 percent increase since Obamacare. The insurance companies have absolutely taken advantage of this country and our people. And I stopped it by stopping the CSRs.”
— President Trump, responding to a question from Mike Sacks of E.W. Scripps, Oct. 17, 2017

“I don’t want to make the insurance companies rich. If you look at their stock price over the last number of years — take a look at what’s happened with those insurance companies — they’re making a fortune by getting that kind of money.”
— Trump, remarks on the White House lawn, Oct. 13, 2017

-snip-

The Pinocchio Test

As a one-time business executive, Trump should realize there are many ways that health insurance companies can earn profits, especially in a good economy. But the one place they are not making money is in the Obamacare exchanges. He says they have earned a fortune, but they have actually lost billions, according to company filings and industry analysts. That’s why many of the companies he named have left the business. He earns Four Pinocchios.






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[democratisphere]

1. Everything that comes out of the orifice on his face is a lie.

What a propoganda tool.

[Fred Sanders]

2. 4 Pinocchio's again for the Liar in Chief? We are going to need a longer nose for the symbol.

Liar in Chief forgets to mention stocks are up 200% on average since Obama corrected the disastrous Bush-era debacle.

http://www.investopedia.com/ask/answers/101314/where-was-dow-jones-when-obama-took-office.asp

Truth.

[procon]

3. Trump is a moron, he doesn't know anything about the complex intricacies

of how Obamacare works. Apparently, he doesn't even under how the stock market works either. He probably heard some airhead on Faux Noise reading Republican propaganda criticizing Obamacare, and then he just repeats the lies. And because of his stupidity millions of Americans are at risk of losing their healthcare coverage.

[Gothmog]

4. Trump is lying about the insurance subsidies

[TeamPooka]

5. Subtext: "I'm trying to kill the insurance companies so Americans can't get ANY health insurance."

use this line Democratic party elected officials.

[smirkymonkey]

6. I wish there was a way to fact check him on the spot.

I just really, really want to see someone make him look like the idiot he really is on camera, in front of the whole nation.