Senator Evan Bayh today reversed his week-old decision to retire from the U.S. Senate, citing economic reasons.
The two-term Indiana lawmaker told a Washington DC press conference he was forced to unretire after his wife learned Anthem Blue Cross of California is delaying a planned 39% hike in subscriber premiums. Susan Bayh is a board member of Indiana-based WellPoint, Anthem’s parent company.
“I was counting on my wife’s cut of the Anthem rate hike, that was going to be our retirement nest egg,” said Bayh.
Growing reflective, Bayh wondered aloud about the future of the American status quo. “I worked hard this past year making sure nothing happened with health care reform, for this?” he asked.
“It used to be in this country that a man born to wealth and power could use that position, and his cozy connections, to get even further ahead,” he said.
“Instead, I’m going to have to do like many Americans who have lost their retirement savings in the recession, and keep working. It makes you want to give up on the institution of Congress. Almost,” Bayh said.
In other news, the Obama administration announced nuclear power as the new centerpiece of its environment and energy efficiency policies. “America’s energy future won’t just be green, it will glow green thanks to new, totally safe-ish nuclear plants,” Press Secretary Robert Gibbs said.