In fact, they have been keeping their mouths shut about the coming Tsunami. While the President and his human mouthpiece (Jay Carney) minimize the pain of 16 million Americans as only “5% of Americans,” the truth is that almost every small business health care plan is going to be cancelled by the end of 2014. That is tens of millions of Americans. The only reason they have not been cancelled is the illegal reprieve given to business plans by the President. I know; I have a small business health insurance plan myself and I have been informed by multiple authorities that the cancellation notices are coming. The reason the insurance companies are not telling us the truth about that is – yes, you guessed it – greed.
If you are not sure I am correct, then take it from Karen Ignagni, President and CEO of AHIP (America’s Health Insurance Plans), which is the industry’s trade group. On their website they bill themselves as “one of the most effective trade associations in Washington D.C.” When appearing on Fox News Sunday, she was asked by host Chris Wallace a direct question: “When the President was going around the country promising ‘if you like your plan, you can keep your plan’, did you know that was not possible under the terms of Obamacare?” Her answer “Chris, I am not in the blame game biz,” and then she went on.
I am not against greed. I agree with Gordon Gekko from the movie Wall Street when he said “Greed is good.” But everything has its limits, and in this case the limit is counterbalanced by one of my favorite sayings “There is a responsibility level to being a Capitalist.” When Capitalists act irresponsibly, the Socialists in our country pounce with new laws and restrictions on our activities. There is always a bigger picture than just lining your own pockets. It may not be illegal what the Health Insurers are doing, but it certainly is immoral.
The health insurance companies should have seen this coming. They could have learned from recent episodes where politicians ran and hid after creating the conditions for the housing collapse. Or they could have seen the pounding that Jaime Dimon has taken from the government after they begged him and JP Morgan to take over failing companies during the 2008 financial crisis. The government is now extracting penalties from his company for the actions of the acquired companies in the period prior to acquisition. Get it straight – when you get in bed with leftist politicians they are always going to run for the hills when there is a problem, and it is guaranteed they are going to blame capitalist greed for their failed policies.
It is very interesting the difference in the attitude of small business and big business. Almost universally, small business people loathe government. They see governments as troublesome and invasive. Small business owners want the government as far away as possible. But big business is different. I am reminded of the conversation I had with a big businessman in September, 2010. He told me his cronies were leaning toward supporting Jerry Brown for Governor of California over Meg Whitman (former CEO of EBay, now CEO of HP) because Brown would be better for business (i.e. their business). We were in a social situation so I was unable to ask “Are you out of your mind?” No, they were just greedy.
The proposed change by President Obama cannot work; and, if it were able to work, it would only last until after his comrades in Congress miss the chopping block in 2014. When it does not work Obama, Queen Kathleen, the Undertaker and Ms. Nancy will blame the insurance companies, and we will be one step closer to socialized medicine.
Thus, Ms. Ignagni -- please ask your board: is being in bed with Obama on this worth it to you and the American people? I would suggest it is now time to come clean on what a mess the government has made of the health insurance situation and help to salvage a free America.