Bob Greczyn column: I want more money, less competition
Blue Cross CEO Bob Greczyn, whose company is doing just fine during the recession, has a letter today in The Herald Sun calling on Congress to enact reforms that will net his company hundreds of thousands of new customers without any meaningful competition from a public option.
Greczyn even gets downright literary quoting H.L. Mencken; Mencken was of course a natural ally of multimillionaire insurance company executives. Greczyn’s column even reminded me of another Mencken quote:
The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.
And Greczyn must think we are idiots. He thinks North Carolinians are going to buy his argument that a public option will “undermine private-sector insurance and harm doctors, hospitals and other health care professionals.” If we have reform and a public option insurance companies will still make boatloads of money. If we have reform and no public option insurance companies stand to make astronomical sums. That’s why insurance execs are fighting so hard against competition.
By the way, the American Medical Association has endorsed the House bill, which includes a public option. And I know many doctors who would prefer we eliminate private insurance — after all, Mr. Greczyn isn’t providing much care for our premium dollars.
So let’s stop grubbing for extra dimes, Blue Cross. And, just so you know, it’s not President Obama or anyone else demonizing you. No one needs to demonize you — you do that well enough on your own.