Country club memberships (emphasis added):
(President) Obama citied recent massive rate hikes by major insurers, and the advice of investment consultants at Goldman Sachs that customers should buy stock in health insurers because it’s easy money – no competition and no price restraints.
“You see, these insurance companies have made a calculation,” Obama said in prepared remarks released by the White House. “They’re OK with people being priced out of health insurance because they’ll still make more by raising premiums on the customers they have. And they will keep doing this for as long as they can get away with it.”