Princeton economist Uwe Reinhardt has a piece on employer sponsored health insurance (ESHI) in the New York Times. It ends with:
"If success in this regard serves to shrink the traditional employment-based insurance system, so be it.”
It’s not the outcome, it’s the plan. The race continues to the lowest global common denominator on worker pay/benefits. Employers want to dump the employment-based insurance system. Uwe provides a nice cover in his piece.
As for Uwe, I hope he declared his conflicts of interests. He sits on a number of for-profit health care boards and owns huge chunks of stock, including options.
He just got options for 6,230 shares of AmeriGroup stock, a health insurer. They become exercisable in 2010 and last through 2016. Uwe also holds 144,558 AmeriGroup shares, 134,856 of which are options. Dr. Reinhardt has a strong incentive to see AmeriGroup's stock price grow. It would help if Obama’s "public plan" is really a public-private hybrid. AmeriGroup excels at that. Dr. Reinhardt's Board pay from AmeriGroup in 2008 was $226,531.
Dr. Reinhardt is a Trustee of the H&Q Healthcare Investors, H&Q Life Sciences Investors and Hambrecht & Quist Capital Management LLC. He is a member of the boards of directors of Amerigroup Corporation and Legacy Hospital Partners, Inc.
Nancy Ann DeParle was a PEU and sat on the Legacy Hospital Partner board, founded by ex-Triad CEO Denny Shelton. Funny, the Obama/Summers/Orzag/Emanuel lingo on health reform sounds alot like Denny circa 2007.
A little bit louder now! Hey, hey, hey hey! Uwe, Uwe! ESHI gotta go!