In a Truth Social post, United States President Donald Trump referenced an article claiming that President Barrack Obama helped insurance companies defraud US taxpayers through his Obamacare healthcare program. The article claims, citing studies, that the establishment of Obamacare and its later expansion under Joe Biden (raising the qualifying salary cap to 400% the poverty level) enabled healthcare companies to enroll citizens who are already covered through private insurers, essentially allowing the companies to make an exponentially greater profit by collecting payments from taxpayers while not having to pay for those taxpayers healthcare. The article claims that 35% of enrollees in Obamacare have filed zero claims meaning their payments did not translate into actual coverage.
The article also insinuates that there may be potential collaboration between the Democratic government and the "increasingly liberal healthcare executives". The article supports this claim by stating that healthcare industry profits have increased by 216% between 2010 (the implementation of Obamacare) and 2024, a growth which President Trump claims government Democrats purposely orchestrated in collaboration with "democratic donors" in the healthcare industry. The central claim at the heart of the article is that government democrats have expanded and emphasized Obamacare coverage not to benefit US taxpayers who need the government assistance but rather to benefit the private sector. The article suggests that President Trumps healthcare alternative would better benefit US citizens.
