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Monday, January 25, 2010

PRESIDENT OBAMA AND THE SPECIAL INTERESTS

President Obama is always screaming about special interest groups, and how they are spoiling our political processes.He especially seems to detest Big Pharma and the health insurance companies. So why is it that the pharmaceutical and insurance industries signed on to the Democrats' health care bill? Because deals were struck. Big Pharma signed on when the president promised not to pursue legislation that would authorize re-importation of medicines from Canada. Why did the insurance companies agree to basically to be regulated like utilities? Because the health care bills contained a provision that would require everyone to buy a health insurance policy. In this way, the profits they might lose in margin would be made up for in volume. So the president isn't above deal-making with special interests, while at the same time blaming them for their influence.

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