This is VHT, the Vanguard Healthcare Index ETF. From the time Obamacare passed in 2010 until today, the index went from $40 to $120. Even though all sectors went up for the most part, Healthcare surpassed the other sectors by far (In fact I owned it during this period because I’m not dumb).
So keep this chart in mind the next time you want to hate on greedy insurance companies (or any greed for that matter); it was with your tender loving care and support for Obamacare that the Insurance companies managed to have such a wonderfully greedy time …
You don’t incentivize lower costs, less profit, and better coverage by mandating a 100% customer base for an insurance company; that is literally the textbook definition of a monopoly power. Once you have a guaranteed customer base, the question becomes “How much can we extract before they grab the pitchforks”.
Governments create monopolies; and the public’s support for Government policies create wealth for the 1% — learn something …