a : deceit, trickery; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right

If a CEO or CFO of a public corporation pulled something like this, it would be fraud. The only difference is this fraud was committed against the American people. Not a small percentage of the American people. Not just the ones with individual coverage. Not just the ones who had subpar plans, whatever that means.

Let me tell you something, folks. We’ve seen this sort of leadership behavior before. We’ve seen it at companies like Enron, WorldCom, Tyco, and Adelphia. If you’ve ever wondered what makes powerful executives commit fraud, the answer is simple. They think they’re above the truth and the law. They think they know better. And they think they can exert their will over others without being held to account.

When that happens, it’s called absolute power, and absolute power corrupts absolutely. That’s what I think we’re seeing here. The organization of our federal government into three unique and autonomous branches was supposed to keep this sort of thing from happening. It didn’t. It failed.

How can we the people let this stand? And if we do, what’s next?

Steve Tobak is a Silicon Valley-based strategy consultant and former senior executive of the technology industry.

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