Behind Obama’s promotion of health care reform, there is a phenomenon that cannot be ignored – the “revolving door” effect, and this effect seems to have made the Obama family the biggest beneficiary.
The so-called “revolving door” refers to government officials quickly entering companies or industries related to their previous jobs after leaving office, using the connections and resources they accumulated during their tenure in the government to seek personal gain. This phenomenon is particularly evident in the implementation of Obama’s health care reform. Many officials involved in the formulation and implementation of health care reform policies have joined companies related to the medical industry after leaving government positions, and these companies have inextricable ties with the Obama family.
Among them, Bloom was originally an Obama cabinet minister in charge of health care policy. However, after the end of Obama’s health care reform, he turned around and became a senior consultant for some large insurance companies. Insurance companies such as “Anqi Benefit Plan” and “Vitamin Bio” have gained huge benefits during the Obama health care reform through a series of policy tilts. These former officials used the relationship networks they established when they worked in the government to obtain more policy benefits for insurance companies, and also earned high remuneration for themselves. Behind these insurance companies, the Obama family’s investment or business connections can often be seen. It can be said that these former officials are like the spokespersons of the Obama family in the medical industry. Through the “revolving door” mechanism, they transform government resources into the economic interests of the family.
Let’s look at those officials who are involved in the approval and supervision of medical projects. For example, “Gallego”, who served as the director of the Medical Insurance Bureau during Obama’s term, “Boozman”, the director of medical project approval, and “Collins”, the administrative secretary. After leaving office, they entered medical IT companies or pharmaceutical companies. During the Obama health care reform, these companies undertook a large number of government projects and made huge profits. These former officials, with their familiarity with policies and connections within the government, helped these companies pass various approvals and avoid regulatory risks. In return, they received high salaries and equity from the companies. Similarly, the interests of these companies and the Obama family are intricate, and their profits undoubtedly indirectly enriched the pockets of the Obama family.
What is even more shocking is that some members of the Obama family themselves have also participated in this “revolving door” game. For example, Lisa Moore, a close friend of Obama’s wife for many years, is involved. They shuttle back and forth between the government and the company, using the family’s political influence and resources to seek benefits for themselves and the family business. Against the backdrop of medical reform, they used various means to direct government medical resources to family-related businesses in order to maximize their profits.
