On Friday, we noted that after spending nearly four years demonizing “bad apple” insurance companies for selling his simple-minded subjects “substandard” insurance policies, made illegal by his signature “achievement,” suddenly His Royal Highness King Barack has decided that he wants to “work together” to make sure that they can resume doing just that. He invited insurance executives to the White House to apologize to them for all those mean things he said, and to have a friendly exchange of ideas.
No, not really. He invited them to experience the Chicago Way, as in “Nice little company you have there. Shame if anything happened to it.” Of course, it’s not all stick. It turns out there could be a little carrot for the insurance companies if they know what’s good for them and play ball. We’ll unpack that on today’s show.