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John Cornyn: “Insurance companies are among the most profitable companies…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Cornyn Slams Democrats Dirty Obamacare Scheme for Waste, Fraud, and Abuse

Published | Video Starts at 03:47

I think that's a better idea. Plus, insurance companies skim about 20% off of those taxpayer provided subsidies for their administrative costs and profit. And you know what? Insurance companies are among the most profitable companies in America, certainly since Obamacare started. And then finally they want to break what has been Roughly a, let me see, 50 year consensus on whether tax dollars should be used to pay for abortions. (03:47–03:57)

CLAIM

Asserts that insurance companies have been highly profitable since the start of Obamacare.

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