Imagine that President Obama is walking along Chicago's Michigan Avenue and a guy comes up and offers to sell him 75 cents worth of health care for a $1.00. Obama is irate. Look, I'm a Harvard lawyer: what kind of fool do you take me for?
The guy explains, "it's a good deal". He goes on, "I work for an insurer that spends a lot of lobbying money and we support Democratic and Republican Representatives and Senators. We do a lot of investing, financial stuff and manage a lot of money. All we want is to do business as usual. America, it's employers and citizens pay us a dollar, we give 75 cents worth of health care. But we're not greedy - we share some of the remainder with the political parties and legislators, and every one's happy".
Is this imaginary? Is everyone really happy?
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