The Wall Street Journal editorializes on the latest activities of Kathleen Sebelius, President Obama’s secretary of Health and Human Services. Sebelius has decided effectively to tell the elderly CEO of Forest Labs to get a new job. The Journal's editors write:
“HHS this month sent a letter to 83-year-old Forest Labs CEO Howard Solomon, announcing it would henceforth refuse to do business with him. What earned Mr. Solomon the blackball? Well, nothing that he did—as admitted even by HHS….
“This is a threat to every health CEO in America. If Forest wants to continue to sell its drugs to Medicare, Medicaid and the Veterans Administration — the biggest buyers of pharmaceuticals — it will have to change management. Losing the federal government as a customer is potentially crippling to a drug company.
“HHS says its action is about holding corporate CEOs accountable, but it looks more like the Administration's latest bid to intimidate the health-care industry into doing its bidding on prices, regulations and political support for ObamaCare. This is the same agency that has threatened insurers with exclusion from new state-run health exchanges if they raise their premiums more than Mrs. Sebelius wants, or if they spread what she deems to be ‘misinformation’ about the President's health bill….
“CEOs are accountable for their actions, but it is simply unjust for a powerful regulator like Mrs. Sebelius to threaten a company with ruin if it doesn't dismiss a CEO who has had no formal charges or proof of wrongdoing brought against him.”
Even more frightening is the thought that, unless Obamacare is repealed, the unelected Sebelius could well become the second most powerful person in America.