Monday, October 19, 2009

The White House vs. The Health Insurers

"Seven months ago, insurance companies vowed to be allies in President Obama's effort to revamp health care, with one industry leader later telling Congress that "health insurance reform needs to be done this year." But as an $829 billion, 10-year health care bill approved by the Senate Finance Committee moves toward debate by the full Senate this month, the insurance industry and the Obama administration are increasingly at odds over key provisions in the bill."

Initially, the insurance industry agreed to a new, strong regulatory regime and the White House agreed to new, strong nearly universal mandates. Both sides went back on their words.

Who was more naive - - the White House for trusting the insurance industry, or the insurance industry for trusting the White House?

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