Health care industry wins big with ‘reform’

Ironically, the President who promised a government free of control and manipulation by lobbyists is producing a health care "reform" bill that will bring huge financial rewards for the health care industry, thanks to back door deals cut by lobbyists.

In other words, the lobbyists won by cutting enough deals with the White House and Congress to assure a financial reward under the guise of reform.

One health insurance executive calls it "a bonanza." Health care lobbyists smile and say they played the Obama White House because they know how Washington works and he doesn’t and while the President promises a different style in Washington, the laws are still made by Congress, an institution controlled by the lobbying industry.

The Los Angeles Times reports:

Lashed by liberals and threatened with more government regulation, the insurance industry nevertheless rallied its lobbying and grass-roots resources so successfully in the early stages of the healthcare overhaul deliberations that it is poised to reap a financial windfall.

The half-dozen leading overhaul proposals circulating in Congress would require all citizens to have health insurance, which would guarantee insurers tens of millions of new customers — many of whom would get government subsidies to help pay the companies’ premiums.

"It’s a bonanza," said Robert Laszewski, a health insurance executive for 20 years who now tracks reform legislation as president of the consulting firm Health Policy and Strategy Associates Inc.

Some insurance company leaders continue to profess concern about the unpredictable course of President Obama’s massive healthcare initiative, and they vigorously oppose elements of his agenda. But Laszewski said the industry’s reaction to early negotiations boiled down to a single word: "Hallelujah!"

The insurers’ success so far can be explained in part by their lobbying efforts in the nation’s capital and the districts of key lawmakers.