Saturday, October 17, 2009

Who's taking one for the team?

As I've said all along, it's the insurance industry.
"In unusually harsh terms, Mr. Obama cast insurance companies as obstacles to change interested only in preserving their own “profits and bonuses” and willing to “bend the truth or break it” to stop his drive to remake the nation’s health care system. The president used his weekly radio and Internet address to push back against industry assertions that legislation will drive up premiums.

“It’s smoke and mirrors,” Mr. Obama said. “It’s bogus. And it’s all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, ‘Take one of these, and call us in a decade.’ Well, not this time.”

Rather than trying to curb costs and help patients, he said, the industry is busy “figuring out how to avoid covering people.”

“And they’re earning these profits and bonuses while enjoying a privileged exemption from our antitrust laws,” he said, “a matter that Congress is rightfully reviewing.”

The president’s attack underscores the sharp break between the White House and the insurance industry as the health care debate moves closer to a climax. When Mr. Obama took office, he and his advisers had hoped to keep insurers at the table to forge a consensus. But as the months passed, the strains grew — until this past week, when an industry-financed study attacking the Democratic plan signaled an open rupture."

Why they didn't cut a deal faster, earlier (or didn't stick to the backroom bargain they may have gotten) is beyond me. When you're politically unpopular, it doesn't take much to become the whipping boy (especially when everyone knows that you're the most likely candidate.)

No comments: