17.2% insurance rate increase? Thank Paul Ryan
How sold out is Paul Ryan?
Since coming to Congress, Ryan has collected $528,751 from insurance industry donors. No industry provides Ryan with more campaign money, according to the Center for Responsive Politics. And his take is going up. Over the past year, he has taken in more than $74,720 in contributions from insurance industry-related political action committees and executives.
As it turns out, Ryan’s a good investment.
Last week, he was one of just 19 members of the House who voted against a proposal to strip antitrust exemptions for insurance companies. According to the American Medical Association, most local markets in the U.S. are dominated by a single insurer. What that means is that there is no real competition, a circumstance that allows big insurers to impose radical rate hikes.
The vast majority of House Republicans got it.
A total of 153 GOP representatives voted with 253 Democrats to create real competition.
And so on.