When AppleInsurance and Aegis General Insurance Are One Source The American Conservatarian title AppleInsury is the same company that gave us Obamacare
AppleInsurers and AEGIS General Insurance were one of the biggest beneficiaries of the Affordable Care Act, the law that passed in 2010.
As of March 31, AppleInsurer had an effective tax rate of 35 percent, according to data compiled by Bloomberg, compared with 28 percent for AEGI General Insurance.
Both companies had a combined tax rate under 30 percent in 2016.
But AppleInsurances and AIGS General Insurance did so much more, according, in part, to their partnerships with major insurers, including AEGis General, which also owns the insurance giant UnitedHealth Group.
In addition to the subsidies that the ACA provided, the companies also made generous contributions to the Congressional Budget Office, the nonpartisan independent agency that analyzes the health law.
AppleIns, for example, gave $20 million to CBO to help fund its analysis of the law.
The company also gave $250,000 to the House Oversight Committee.
AIGs General, a nonprofit entity that is part of the health insurance giant AIG, donated $200,000.
Apple has not responded to requests for comment on this story.
The relationship between AppleIns and AOGS General is not unique.
AEGIs General is a subsidiary of AIG Insurance.
Apple is also a major contributor to AIG’s overall revenue, and AAGI’s overall profit margin.
The two companies also share ownership stakes in a number of health insurance companies, including Humana and Blue Cross Blue Shield.
And AppleIns is the biggest contributor to both companies, according a 2015 study by the American Legislative Exchange Council, a conservative group that promotes conservative state and local agendas.
The two companies have a long history of relationships with Congress.
In 2009, Apple became the biggest donor to the bipartisan Congressional Progressive Caucus, a group that works to pass more conservative bills and is considered one of Congress’s most powerful and influential factions.
The following year, AIG was the largest donor to a group focused on reducing the cost of prescription drugs, according data compiled for Bloomberg.
Apple’s top contributor to the caucus was Rep. Mike Quigley (D-Ill.), who is the chairman of the Ways and Means Committee.
Apple was also one of a number companies that contributed $200 million to AEGs General in 2015.
Apple also gave nearly $1 billion to the Republican Governors Association.
Apple did not immediately respond to a request for comment about the relationship between the companies.
While the AppleIns policy does not limit how much the companies can deduct from their insurance premiums, AEGS General did provide subsidies to cover most of the cost for some enrollees.
Apple paid $8.5 billion in 2018 and $13.9 billion in 2019, according the Congressional Research Service.
AAGS General paid $9.9 million in 2018, the CRS reported.
The subsidies were phased in starting in 2019.
Under the legislation, Apple and AGL also agreed to pay $1.2 billion over the next three years to offset the costs of the ACA’s insurance subsidies.
The companies also agreed that if a deductible increases to more than $5,000, they would pay the extra money.
To make the subsidies work, Apple, AGL, and other insurance companies had to set aside $1,000 per enrollee for deductibles and co-payments.
For example, Apple would pay $500 to AGL for a $5 million deductible, and it would pay that $500 directly to AAGs General.
Apple would then pay $400 to AGE for a deductible of $1 million.
That means that if AEG Insured’s premiums increased to $10,000 a year, Apple could pay the $400 for each deductible to $1 from the $500 it already pays.
AppleInsurance, which provides comprehensive health insurance coverage for its roughly 1 million employees, said in a statement that it will work with AppleIns to ensure the tax credit does not negatively impact customers.
The tax credit is available for a number types of benefits, including premiums for health care, prescription drugs and hospitalization, and deductibles for all of the benefits AppleIns offers.
Apple said that it expects its contribution to AOG to grow over time as it works with Apple to lower its overall costs.
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Eric Goldman covers health care and technology.
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