Gingrich Health Think Tank Declares Bankruptcy
But back in 2005 Newt Gingrich bestowed his wisdom on health care in North Carolina at the NC State Emerging Issues Forum on health care. Paid $40,000 for his appearance, Gingrich’s main point was that the “health-care system can’t be fixed.” Plugging his industry-funded group (health insurers and other health businesses pay $20,000 to $200,000 to be members), the Center for Health Transformation, Gingrich extolled the virtues of high-deductible health plans.
A few years later, all these high-dollar speaking appearances and corporate donations were starting to pay off. Speculation in 2009 was swirling about a possible run for President, but Newt tamped down that idea, arguing he was busy with a pair of think tanks – “American Solutions and the Center for Health Transformation.” Said he: “I really love trying to solve problems. I get very excited about it.”
Sadly today, all the $40,000 speaking fees and corporate largesse couldn’t prevent the Center for Health Transformation from declaring bankruptcy. Observed one commentator:
Here’s hoping the employees at the Center don’t lose their health insurance.