That Didn’t Take Long: Insurance Industry Breaks Promise to President Obama

AlterNet, The Seminal by Jason Rosenbaum | May. 18, 2009 (Opinion)
Why we can’t trust the insurance industry with health care reform.

Just four days after standing next to President Obama and declaring their commitment to control health care costs to the tune of $2 trillion over 10 years, the insurance industry, drug and medical device makers, and hospital groups are backing off their promise:

Hospitals and insurance companies said Thursday that President Obama had substantially overstated their promise earlier this week to reduce the growth of health spending. Full Story »

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3.8
 by Dwight Rousu - May. 18, 2009

The strong backpedaling of the health insurance corporations is claimed to be a systemic feature of the industry. A few more historical examples might be good for those who have not yet seen Sicko.

Rosenbaum makes a strong case that insurance companies cannot be trusted with health care, but omits single payer as a solution.

Voluntary agreements are not enough. We need regulation and we need real cost control, and that means a public health insurance option that will force these awful companies to earn their keep through stiff competition, something they’ve avoided for far too long. They’re liars. They’re cheats. They’re greedy. They’re untrustworthy. They cannot be trusted to come up with a health care reform plan that works for you and me. We must make them do it.

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