Health Insurance Executives Breathe Sigh of Relief as Bankers Defraud Nation

Posted on April 25, 2010

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EP: NYC- After weeks of garnering headlines for withholding medical care from sick, dying and otherwise desperate Americans, health insurance executives breathed a sigh of relief today. Wall Street bankers recently began drawing a majority of the media’s attention, spurred by recent fraud allegations leveled against Goldman Sachs by the SEC.  James O’Connor, a senior communications executive at a large health insurance company he would rather not name (Aetna), welcomed the distraction but remained vigilant regarding the industry’s image. “Since Obama passed that health care bill we have been able to limit care and increase premiums without too much public outrage. But at the same time I realize this may not last.”

President Obama meets with representatives from the Health Care Industry who urge him to reconsider dropping "cancer" from the list of ailments they are required to cover.

O’Connor’s concerns are shared by others within the industry. “It seems that the public tends to get more angry when they see people dying versus when they see old bald white men steal billions of dollars” explained Jeff Reiser, of Unicare. “Its really hard to get your head around billions of dollars, but its easy to understand how someone dies if you do not treat their ailments. Come to think of it, I really should have gone into investment banking” he added.

Others are more optimistic about the future of the health insurance business. Some cite the recent health care reform bill as case in point. According to industry insiders, the strategy many insurance companies plan to execute involves adding millions of customers now mandated to purchase insurance without actually paying for any of their health care. “Its really a win win for us thanks to President Obama. If things go wrong people will blame him and not us” explained a senior executive in charge of patient care who wished that both his name and company remain anonymous (Kaiser Permanente).

The media’s recent focus on banking has also had an affect on several politicians, including Senator Max Baucus, who now feels  more comfortable holding fundraisers with health insurance executives. “For a while there I almost felt like people would throw me out of office for being a health care industry lackey, but things seem to be back to normal now” said the Senator from Montana.

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Posted in: Business, Health Care