Monday, March 22, 2010

Just further wondering
Tom Smith

Does anybody else wonder about the timing of the announcement of big insurance rate increases and the fact that the insurance companies are doing very well out of this legislation?  I hate to have conspiratorial thoughts, but I don't want to be a rube either.  As Mark Shields noted 

MARK SHIELDS:  . . . Two things. First, the insurance companies breathed life back into this. It was dying after Scott Brown's election. But 39 percent rate increases gave this legs.

JIM LEHRER: You think so? You think it would have died after that?

MARK SHIELDS: I think it was in big trouble. It was on life-support. I don't think there was any question about. And that gave it a revitalization: My goodness, this is what is going to happen. . . . 

https://rightcoast.typepad.com/rightcoast/2010/03/just-further-wondering-tom-smith-.html

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Tom Smith
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Comments

The people who run public utilities have traditionally done rather well ... and we're seeing the health insurers converted to public utilities, so no real surprise there.

Posted by: km | Mar 23, 2010 6:54:27 AM

Cui bono, baby! Not that I like that sort of reasoning most of the time.

Posted by: Chris | Mar 24, 2010 11:24:47 AM

Not that I like that sort of reasoning most of the time.

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