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Three Bay Area execs meet with President Obama

By Josh Richman
Tuesday, October 29th, 2013 at 10:34 am in Obama presidency.

Three Bay Area business executives were among those who met with President Obama this morning at the White House to discuss the nation’s cybersecurity framework.

The meeting in the Situation Room was to “discuss the importance of cybersecurity, the joint efforts by the Administration and industry to develop the Cybersecurity Framework, and ongoing work to implement the Executive Order to enhance the cybersecurity of critical infrastructure,” the White House reported.

A White House official said the participants included Steve Bennett, president and CEO of Mountain View-based Symantec; Renee James, President of Santa Clara-based Intel; and Charlie Scharf, CEO of Foster City-based Visa.

Other attendees included Mastercard CEO Ajay Banga; Northrop Grumman CEO Wes Bush, Lockheed Martin CEO Marillyn Hewson, Bank of America CEO Brian Moynihan and Pepco Holdings CEO Joe Rigby.

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  • Elwood

    Obama lies like a rug:

    RESTON, VA – In a bombshell report
    for NBC News.com, NBC News senior investigative correspondent Lisa Myers found
    buried in the 2010 Obamacare regulations language predicting, “A reasonable
    range for the percentage of individual policies that would terminate is forty percent
    to sixty-seven percent.” Myers’ reporting shows that Barack Obama knowingly
    lied to the American people for more than three years when he regularly
    insisted that those who like their current health insurance would be able to
    keep it under Obamacare.

    http://mrc.org/press-releases/nbc-buries-own-reporter-hide-obama-lie

  • http://www.ibabuzz.com/politics Josh Richman
  • http://www.ibabuzz.com/politics Josh Richman
  • JohnW

    I was on a good Kaiser individual plan until going on Medicare in Spring 2011. I received a letter and brochure from Kaiser November 10, 2010 (still have it in my files) fully explaining changes due to ACA and the fact that my plan was grandfathered. The administration issued the regulations that are now causing non-grandfathered plans to be terminated back in 2010. The media reported on it at that time. So, the NBC/Lisa Myers “investigative reporting bombshell” is bull****.

    Stil, the administration should have done a much, much better job of explaining what exactly was meant by the technically true statement that “if you like it you can keep it.” That was directed mainly at the 95% of under-65 people who get their coverage through an employer. who were being misled by Republicans that ACA would cause them to lose that coverage. But Obama should have been clear about that.

    As a 64-year-old in 2011, I paid Kaiser a “good health status” premium of $528 for a plan with a a $1500 deductible and $3,500 annual out of pocket. The same plan for a 25-year-old was $180. I checked the Covered California Obamacare website. Kaiser 2014 plans for the same age range from the low $600s per month to a little more than $1,000 for a Platinum “no deductible” plan. The rates for 25-year olds are in the mid $200s. Considering three years of normal premium increases and the fact that Kaiser can no longer discriminate based on pre-existing conditions, that seems reasonable in comparison to the pre-Obamacare rates.

  • Elwood

    “If you’re one of the more than 250 million Americans who already have health insurance, you will keep your health insurance.”

    Barack Obama, Thursday, June 28th, 2012.

    Ruling: Half-True | Details –Politico

    So, is a half-truth better or worse than an out and out lie? I say it’s still a lie. And Obama lies like a rug.

  • Elwood

    It’s not about you and Kaiser, John. I hope you’re very happy together. It’s about whether Obama lied. And he did. Like a rug.

  • JohnW

    First, Elwood, I’m no longer with Kaiser. I’m part of a socialist single-payer system called Medicare. Yay socialism! Kaiser keeps sending me stuff trying to sweet talk me back to their world, but I prefer being able to choose from a wider network of proctologists.

    Second, my personal anecdote was for the purpose of showing some real world facts contradicting that Obama knew this (that plans would change for people in the individual market) and kept it from the American people for three years. What he said was true for 95% of Americans (the people he was addressing) and mostly not true for the other 5 percent due to insurers phasing out grandfathered plans. The fact that people in the individual market who were not covered by grandfathered plans would have to choose from plans offered in the exchanges has been known pretty much since the ACA was passed and signed into law. The whole idea of ACA was to reform the broken individual health insurance market business model that was based on cherry-picking healthy people, excluding less healthy people and bumping healthy people after they became less healthy. Obviously things were going to change.

    If Kaiser fully informed its individual market customers about the ACA changes in November 2010, as I’ve documented, then somebody should ask why people covered by other insurers are just now getting the news. That’s not Obama’s fault.

    When Massachusetts rolled out RomneyCare, they had glitches. Only 123 people actually enrolled in the first month. According to a Kentucky congressman who was on TV today, thirty thousand have enrolled in Kentucky alone. Guess those Kentuckians just don’t know how terrible Obamacare is for them. Kentucky, like California, has its own exchange.

  • Elwood

    Medicare paid millions to dead patients, illegal immigrants, probe finds:

    “Medicare
    paid $23 million for dead patients in 2011 and $29 million for drug
    benefits for illegal immigrants from 2009 to 2011, according to a
    report Thursday from the Health and Human Services inspector general.”

    http://www.washingtontimes.com/news/2013/oct/31/medicare-paid-millions-dead-patients-illegals/

  • JohnW

    I’m sure the dead patients appreciated it. No excuses for wasted money, but it should be noted that the total dollar amount involved is equal to about one one-hundredth of one percent of Medicare spending in 2012. It’s equal to about one dollar per Medicare patient (un-dead Medicare patient, that is).