COMMENTS: The 4% Solution
Following up Barack Obama's decision to target the health insurance industry Monday, his supporters took to the streets outside the Ritz Carlton Hotel in Washington DC where industry executives were holding their annual conference. NBC's Savannah Guthrie covered the President's speech; CBS' Nancy Cordes and ABC's Jonathan Karl covered the street protests. The insurance industry was prepared for their scrutiny, brandishing a pie chart that minimized its own importance. Both Karl and Cordes showed the pie with a 4% slice for insurance, since collecting premiums to pay bills to doctors, hospitals and pharmaceutical companies was not counted as the business of the insurers but of the recipients instead.
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