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Scott Fitzgerald: “Since Obamacare was signed into law, the weighted average of…”

Featuring: Scott Fitzgerald, Republican | U.S. House of Representatives, Wisconsin, District 5

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Chairman Fitzgerald Opening Statement - Judiciary Subcommittee Hearing on Obamacare Subsidy Fraud

Published | Video Starts at 01:04

In 2025 that number ballooned to 130 billion and 110 billion increase in 11 years. So if patients and taxpayers have not benefited from Obamacare, who has? Well, unfortunately it's the large insurance companies. Since Obamacare was signed into law, the weighted average of health insurers stock prices are up over 1000%, far exceeding the S&P 500 during that period. In an even smaller time period since the creation of enhanced premium tax credits in 2021, the Joint Economic Committee pointed out that quote, the Biden Covid premium subsidies do … (01:04–01:15)

CLAIM

Asserts that health insurers' stock prices increased over 1000% since Obamacare was enacted.

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