Health insurance lobby throws over $100m at defeating Obamacare

It’s really hard to imagine what part of “here are millions of new customers for you” they don’t like, but that’s where we are today. Most of us on the left wanted the public option, which the private health insurers hated, but giving in to their needs wasn’t enough.

But no, heaven forbid the health insurance industry is asked to give a little with the windfall. Millions of new customers and no competition from the public option wasn’t enough money for the bloated and spoiled industry that keeps setting record profits.

So who is more spoiled and thankless between the bankers and the health insurance brats?

According to the National Journal’s Influence Alley, at the very same time the American Health Insurance Plans (AHIP)—the health insurance industry super lobby—was cutting a deal with the White House leading to its stated support of the proposed Obamacare legislation, they were secretly funneling huge amounts money to the Chamber of Commerce to be spent on advertising designed to convince the public that the legislation should be defeated.

How much money?

A stunning $102.4 million spent over just 15 months.

The brilliant Rahm Emanuel sure did a great job of bargaining, didn’t he? If there is a next time with health care reform, he needs to stay far away from it and the public option has to be there so that consumers get some competition. If that industry can’t show any appreciation, there’s no reason to show mercy in the future.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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