Ry stopped by my office today and after we completed the work discussion I mentioned that I had lunch with a friend who is in the health insurance industry. I repeated part of the rant I heard at lunch. It went something like, “We spent years implementing Obamacare and we had to get information from the Whitehouse blog because they did rule-making via the blog. Then last week it was from the President’s speech. And today they came up with a letter we will be ‘required’ to send our customers?”
Ry replied, “I hope they like discounts on Samsung products.”
I thought about that for about five seconds without being able to make any sense of it. I was a little behind in the news. Venezuela is nationalizing businesses and selling things at “fair prices”. Samsung is the most recent to enter into a “joint venture” with the government.
“So you think he will take over the insurance industry with the stroke of a pen?”, I asked. Paraphrasing just a bit; Ry replied, “Just like in The Matrix where there was no spoon, here, there is no pen. He is playing 3-D chess and we are trying to play checkers against him. We are concerned about the rule of law and he has changed the legal landscape and moved on. What is happening here only differs in degree and implementation from Venezuela.”
I have no counter to his assertion.