Wednesday, August 19, 2009

Dems on Insurance Companies: If you can't out legislate 'em, destroy 'em

Democrats have seen the hopes of the so-called "public-option" begin to fade only to replace it with the less volatile term "co-ops." And it's no longer "health care reform," but "health insurance reform" because that set of words polled better. I mean, it's the insurance companies that are the real bad guys here, right?

The thrashing congressional Democrats have received at town halls over the recess has been enough for them to shift the terms, yet the goals and ideas remain the same. Let there be no doubt a single-payer health care system is the goal.

That's why Democrats are going after insurance companies directly now rather than facing them in the open marketplace, where the government would certainly have an overwhelming advantage, but the political costs would be far too great. In a replay of winter's shots at AIG executive bonuses and GM's private jets, Democratic members of the House of Representatives have now taken aim at the insurance companies directly.

According to Politico:
"Letters sent to 52 insurance companies by Democratic leaders demand extensive documents for an examination of ‘extensive compensation and other business practices in the health insurance industry.' The letters set a deadline of Sept. 14 for the documents.

By Sept. 4, the firms are supposed to supply detailed compensation data for board members and top executives, as well as a 'table listing all conferences, retreats, or other events held outside company facilities from January 1, 2007, to the present that were paid for, reimbursed, or subsidized in whole or in part by your company.'"
And which Democrats would sign such a letter? Well, Rep. Henry Waxman (D-CA), of course. Where have you heard that name before? Rep. Waxman is one of the most out-spoken sponsors of the health care bill. Why would he want to talk to insurance companies right when the congress gets back from recess? In order to make a coordinated attack against the insurance companies through congressional hearings and simultaneously passing a law that would ultimately destroy them.

Warning: Do not look directly at the nostrils.

We all know that come mid-September, we'll see the leaders of private corporations being forced to defend legal practices within their companies using capital generated from profits derived from legal practices within the marketplace.

And they will be demonized for it.

The insurance companies will join the likes of the oil companies who are perennially slammed by the government machine when the price of gasoline rises in response to demand. In the United States, the best way to test your success as a company is directly proportional to how many times you have appeared before a Congressional subcommittee that questions how your organization has spent the money you have earned especially when the earning and spending of said finances both took place through perfectly legal practices.

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