from the WSJ. Best line of the interview "The recession hasn't touched health care the way it has other parts of the economy--which is also part of the debate, that fact that it is so big and keeps getting bigger. It's almost unstoppable even in a recession."
Most interesting insight is that he says they knew the payment increases in MedicareAdvantage in 2005 were unsustainable and so he is saying they knew as they got into that business, they also knew they would be getting out. Essentially this was the Bush administration widly over-paying private insurance companies for Medicare Advantage because they preferred 'private' to 'govt' even if they had to overpay to get there. Here is what I wrote recently about Medicare Advantage.