After President Obama's speech on WEdnesday night, it's easy to assume that perhaps, just perhaps, the health insurance industry isn't as big of a bad wolf as the Democratic party has made it out to be.

And because of this change in percieved image, the health insurance industry might not suffer such a severe huff and puff blow that was once staked out for it.

On Wednesday during his speech, President Obama "outlined his plans for health care, which focused mainly of a revamping of the nation's insurance system" without calling the CEOs of health insurance companies villians and bad guys. The president also "emphasized that he did not want a drastic move away from the current system, under which private companies provide coverage to the bulk of working Americans who are insured," the New York Times reported.

Many of the changes slated for the insurance companies are actually ideas that originally came from the companies. However, many of the ideas slated for the reform -- namely the idea of a complete governmentally-run health insurance program -- are the very notions that most insurance companies fear the most, considering that a public health plan would put most private insurers out of business.

To read the full article for a full analysis of the President's speech, click here: http://www.nytimes.com/2009/09/11/health/policy/11insure.html?scp=9&sq=September+11+2009&st=nyt