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.