The American Trial Lawyers Association
Monday, March 30, 2009
Political Briefs March 30th 2009
In other news, Rick Wagoner, the CEO of GM, has decided to resign his post, as a result of intense pressure by President Obama. Politico reported that an unnamed White House aide confirmed that the president wanted Wagoner out, saying quote, “The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed.” Meanwhile, Obama and other administration officials have said they would demand deeper restructuring from General Motors and Chrysler before they would get any more government loans. Obama's auto task force has been working to solve the woes of US automakers, which have been pushed to the brink of bankruptcy in the economic recession amid a global downturn in car sales. General Motors and Chrysler have asked for another $21.6 billion dollars in aid, on top of the $17.4 billion dollars in emergency loans approved in December as they struggle to survive. Obama is set to deliver his automotive recovery package later today.
And finally today, insurance companies are working on new and exciting ways to prevent people from obtaining health insurance. Instead of the old methods of denying people who admit to health problems, the companies have resulted to hiring data mining companies to gather information on the prescription medications that applicants are taking. For example, if they find out that you're taking medication for depression, diabetes, rheumatoid arthritis, gallstones, and in some cases even acne, you're denied coverage. Small businesses are frequently finding health policies too expensive and are dropping coverage, sending even more people shopping for insurance. These issues are moving to the forefront as the Obama administration and Congress gear up for discussions about how to reform the healthcare system so that Americans won't be rejected for insurance. The thing that still seems so ironic to me is that health insurance is meant to help people when they are sick, yet you can't get insurance if you are sick. The solution to this problem is not going to come from private health insurance companies, and if we want to see more people covered, the government is going to have to step in and come up with a better plan.
Labels: Auto Industry, Boehner, Budget, CEO, Chrysler, Claim Denial, Debate, Farron Cousins, GM, GOP, Health Insurance, Obama, Rick Wagoner
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