ObamaCare’s Crony Capitalism and Crooked Concealment

By:  Michael Tennant
12/11/2012
       
ObamaCare’s Crony Capitalism and Crooked Concealment

The Obama administration made a deal with a private company to develop and police federal health insurance exchanges, then helped cover up the fact that the company was bought by a major player in the healthcare industry, the Weekly Standard reports.

It was inevitable that a behemoth law such as ObamaCare, the result of much political wrangling and lobbying, would lead to crony capitalism. What was not inevitable, however, was that the cronyism — and a subsequent coverup — would occur so quickly; but that is the accusation leveled against the Obama administration and a major healthcare corporation by Jeffrey H. Anderson in the December 10 issue of the Weekly Standard.

ObamaCare requires that each state set up an insurance exchange where individuals can choose from a variety of health plans by January 1, 2014. A state may opt out of creating its own exchange, at which point the federal government will step in and create one for it. As of now, 17 states plus the District of Columbia have indicated that they will establish their own exchanges, and about the same number have balked.

That has put the Department of Health and Human Services (HHS) in a bind. It now has to set up exchanges for each of the recalcitrant states (plus any that subsequently refuse to play ball), which it was clearly not anticipating; and it must do so by October 1, 2013, when open enrollment begins. HHS is, not surprisingly, behind schedule — one reason for the coverup Anderson alleges in a report based on previously published accounts and information from an anonymous “insurance industry insider.”

Anderson, a senior fellow at the Pacific Research Institute, begins his account thus:

Click here to read the entire article.

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