Its really hard to know where to begin. The title alone is enough to cause any sane person to upchuck - "President’s Speech Allays Some Fears in the Health Insurance Industry". It only got worse from there. The first paragraph makes me wonder which time/space dimension Abelson has occupied for the last several months:
"During the summer’s heated discussions over health care, when Democrats seemed quick to portray the health insurance companies as the system’s main villains, the industry seemed to be in policy makers’ cross hairs."What??? They are villians - Obama never layed a glove on them (that's a big part of the problem) and the Senate that they own didn't go after them either. Then continuing on Abelson says:
"But as the specifics of Washington’s proposed overhaul have emerged in recent days — from Senator Max Baucus and in President Obama’s speech on Wednesday night — some industry analysts say insurers may not have much to fear.Not "bad people"? Those that make millions or hundreds of millions by denying care to premium paying customers aren't really "bad people"? But there's more:
“The outlook is moving away from the worst case,” said Les Funtleyder, who follows the industry for the investment firm Miller Tabak & Company in New York.
Even Mr. Obama, who had recently stepped up his criticism of the industry, seemed to soften his stance on Wednesday. He recounted a few insurance horror stories — as might be politically necessary when arguing the need for a system makeover. But as he outlined his plans for health care, which focused mainly on a revamping of the nation’s insurance system, he was careful to point out that the executives who run those companies were not “bad people.” "
"Some industry executives on Thursday acknowledged the president’s shift in tone. “The rhetoric seemed to be much more positive,” said Ronald A. Williams, the chief executive of Aetna, one of the nation’s largest health insurers.You can read the rest on your own I don't have the stomach for it.
The reality may also be much more favorable to insurers, industry analysts said. Mr. Obama has already agreed to grant one of the industry’s dearest wishes: a requirement that everyone have coverage, which is reflected in the proposals in Congress."
I'm confused- how could the same person that wrote this article have written this one about people who went bankrupt even while insured or this one on essentially the same topic. Just amazing how can Abelson at one moment report facts and the next write a piece like this or this which are essentially the stuff of Insurance Lobbyist wet dreams.