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Government Stake in Health Care Giant May Present Conflict of Interest

The $150 billion dollar committment the US government has made to insurance giant American General Health, as well as its 80 percent stake in the company, may present a conflict of interest when it comes to Obama’s proposed health care reforms. While Obama has tried to spread the impact of his proposals around, instead of placing all of the weight on the health insurance companies, there will still be many changes which would impact the industry. Obama’s insistence that companies no longer cherry pick healthy members and deny those with potentially expensive conditions would be prohibitive to insurance companies being profitable. Which will carry more weight in the coming months, Obama’s committment to improving health care for our nation’s citizens, or the government’s investment in a health insurance giant who would stand to lose if such reforms were made?

This entry was posted on Wednesday, February 25th, 2009 at 12:47 pm and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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