An Obamacare bailout? Insurers already got one!

We're six months into full implementation of Obamacare.

Do we feel healthier yet?

Health care Obamacare
YinYang | E+ | Getty Images

For ordinary consumers, the answer varies. A lot of Americans who never had insurance before have indeed been able to find health coverage AND health care, (they're two different things, after all).

But a lot of Americas have lost their previous plans, and now they're having trouble finding actual doctors to treat them even under their more expensive coverage.

Read MoreObamacare: You can't fix stupid

Whether the ACA has actually helped more citizens than it's hurt has turned into a partisan war of statistics. That war will be waged for years to come. While I believe the new law will ultimately hurt more people than it helps, I realize those on the other side of the political spectrum will never agree with that assessment.

So let's not have that fruitless argument.

Instead let's focus on something the two major political camps can agree on, even if it is something that will make both of them very angry.

Based on the non-partisan, hard numbers, the big winners in Obamacare America are… drumroll please… the insurance companies!

Yes, those greedy, heartless, bureaucratic, and anti-competitive health-insurance companies that President Obama kinda sorta blamed for his mother's death and Republicans blasted for seeking a bailout, and doctors accused of interfering with their medical judgment are all still alive and kicking in the 2014 world of the ACA.

And they're doing really, really well.

Read MoreHow does your state stack up with Obamacare?

Moody's noted this week that major insurers are raising rates, and it called that a credit-positive move. Further, the ratings agency warned that insurers who don't raise rates enough face crushing costs from ACA-inflated health care claims. So jack 'em up CEOs!

Moreover, the health-insurance stocks and the broader health care sector overall are doing just fine: The Health Care Sector Select Fund ETF, (XLV), is currently at a 52-week high and up 31 percent from last year.

In other words, your health-insurance company is getting richer and it's jacking up rates because it can. Obamacare doesn't stop it. Wall Street is encouraging it. And there's nothing you can do about it.

This doesn't look good for President Obama, who frequently cited soaring insurance costs when selling and defending his health plan across the country. And it also makes Republicans look a bit foolish for continuing to warn everyone about a looming bailout for insurance companies hidden somewhere in the pages of the ACA.

It turns out the whole law is a bailout or boost, call it whatever you like, for the health insurers. They're doing fine and will continue to do fine.

You don't have to be a liberal or a conservative to find this particular result maddening. Liberals have made the insurance company profit-motives enemy No. 1 in the health-care battle for years. Conservatives hate the noncompetitive advantage the insurers enjoy since no one can sell plans across state lines. Both of those problems are still in effect today.

And what about the doctors who complained that insurance companies dictated how they cared for patients and how they got paid? More patients covered by the big insurers means they're more beholden to them than ever. No relief there.

Now, we can't say we weren't warned. In the years leading up to the passage and implementation of Obamacare, the health insurers rarely suffered any significant losses on Wall Street.

In fact that same health care ETF, (XLV), that's up 31 percent over the past year has more than doubled since 2009. The broader market is up about the same amount in that time, but the broader market wasn't facing the kind of massive regulatory overhaul the health-care industry was experiencing.

The fact is, the insurance companies are filled with experts who knew the law inside and out and knew all along that they could find a way to profit from it.

And profit they have — and will continue to do no matter what the politicians say.

And while the insurers are the clear Obamacare winners so far, those politicians are the clear losers.

President Obama's approval ratings when it comes to health-care reform remain low, only recently surpassed in the weak department by a precipitous decline in his foreign-policy approval polls.

Read MoreObama's approval ratings take a hit: NBC-WSJ poll

Republicans are losers too because they haven't been able to capitalize on that too much. Disgust over Obamacare did help the GOP re-take the House in 2010, but the Senate and the White House remain in the Democrats' control… and we all know what's happened to those dozens of GOP votes to repeal the health-care law.

So let's look at the six-month Obamacare scorecard:

Patients: inconclusive, depends on your political affiliation.

Doctors: More work, less money.

Politicians: Still fighting.

Insurers: winning.

How is any of this any different than it was in 2009? Was it really worth ripping the country apart over yet another partisan issue to enrich the same insurance companies just about everyone supposedly hated or wanted to change?

Let's review again in another six months… but don't get your hopes up.

Commentary by Jake Novak, supervising producer of "Street Signs." Follow him on Twitter @jakejakeny.