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Common Sense: 8/21

Title:

Common Sense: 8/21

Published: Fri, 21 Aug 2009

Description: A Rockefeller is calling out someone for being rich?

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Automatically Generated Transcript (may not be 100% accurate)

" Finally leaving aside the delicious irony of a Rockefeller calling anyone on the carpet for making too much money but senator Jay Rockefeller wants to now. What those greedy -- insurance companies are doing with their premium -- just the second. So now it's not only angry congressman going after them now they done got a Rockefeller attacked. It all leave you always had. I just think he's fallen into the trap of assuming all healthcare insurance chief executives of bad net. Trust me I -- of these guys as someone who seems to collect serious diseases I've dealt with my fair share of preexisting hassles and refuse treatment. Summing saints but let me tell you always doubles I mean that would be like saying all TV anchors are idiots. All right scratch that but but remember this. If we apply this same generic bias to races that we do to certain industries would rightly be dragged into court. But since congress sees itself as the court it really can play judge jury and executioner. And who do you think they're executing now. Not those great villains of yesteryear the ninety's bad guys the drug companies and lonely old aren't going along this time with congress has reform that's. But this year's villains that health insurance companies who are not. I don't care how you really feel about these companies know more than I do about oil companies' CEOs when -- before congress. By these keystone cops released kangaroo courts. But you see a pattern here. Just once just once I would like a hearing where the questioners -- questioned the boilers are grilled and the pro -- are themselves pro. Ideally by very sharp cold metal devices but I digress today that would be. That would be balanced but that would not be Washington would -- Rockefeller can cast aspersions on an industry -- well. And clueless congressman can deflect your own ineptitude by going after that well. So forget what really insurance can do for us for got sick is there any insurance to protect us. From then."

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this that now there's does seem to be concerted effort. Targeting these health insurance companies what's gonna.
senate sorry I'm not cynical but I'm saying I wonder if the health insurance companies could save themselves as active as they just written a check. And gone along were -- campaign -- in favor of these
agree on everything. And once they so there's some disagreement from the health insurance companies serve for good reason from the health insurance companies perspective they decided to aim their fire.
have a bit of an uphill climb I always thought that that health insurance guys should turn it around. And -- you think things staying with us. -- imagine what it would look like if the government did what we've been doing. They should actually work that negative into a positive. I guess I signal for marketing ideas. Well it's actually great idea because I mean deep health insurance companies they have a profit motive you understand that what they're doing is for a reason. When government does these things it's often
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for the hey wait a minute discussing made a deal with the Senate Finance Committee in the White House doesn't mean that we're gonna we'll abide by it and as the White House defending the -- well. LA they seem to -- violence in the stomach they dead -- reiterated that in an email from
what happened was the pharmaceutical industry came to the table with the White House and Senate Finance Committee and they negotiated in basically said we are willing to put eighty billion dollars on the table over the next decade they'll
hospitals come in and negotiate a similar agreement the strategy from the White House and is eight they get to have some money on the table to show that there are some actual savings to help
in one of the debates the didn't. Obama say. It during the presidential campaign that he would be willing to have these kinds of negotiations. In contrast to the Bush Administration. On C span all right and this is the contest he he he he brought up me and repeatedly during the campaign Dick Cheney in the energy task force and also -- secret. Well it turns out all of these negotiations were done in secret were only now learning some of the details of amendment. As I think somebody said earlier this is quite embarrassing for the White House because he is in effect a quid pro quo and it's essentially asking. You know it's it's it's like protection money and
That this is this is they're not just in bed with the White House are serving breakfast in bed and the they are spending. -- a 120 million dollars whatever it is in the fall to
were part of this deal and they came to one of those White House rose garden ceremonies is that we're the health insurance companies were on that. And now suddenly they are the villains. About half
I do know on that point the White House was not thrilled that House Speaker Nancy Pelosi started feeling so aggressively against. Against and the White House would've preferred. Walking a little bit about Obama and I think in the Obama press conference just before that he -- he
really been going on those in those secret rooms in this transparent White House . And we'll see you next month.
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would take a month. The current bad boy in America. On the health insurance companies these big guys I don't believe that. But the politicians need to flog some -- every day. In this entire Z insurance
I can guarantee you this. There's of the sheer size of these health insurance companies . Internal its external audits. Stay regulatory. Insurance requirements. Everything's there. Everything but I could afford credit default swaps and you would unprofor