View Full Version : General Politics House Dems seek info from health insurers -Legal?

KC Dan
08-19-2009, 10:14 AM
I thought this was only for firms that took federal dollars? No, it's not a power grab, not at all...

WASHINGTON Dozens of the nation's largest insurance firms must decide whether to honor a request from House Democrats for detailed financial records, part of an investigation into executive compensation and other business practices in an industry that opposes President Barack Obama's health care proposals.
A spokesman for Rep. Bart Stupak, D-Mich., said Tuesday night that 52 letters had been sent to health insurers with $2 billion or more in annual premiums. He said letters were not dispatched to other industry groups, some of which have been airing television advertising in support of Obama's call for legislation.
The request to insurance companies included records relating to compensation of highly paid employees, documents relating to companies' premium income and claims payments, and information on expenses stemming from any event held outside company facilities in the past 2 1/2 years.
The requests were made in letters signed by Rep. Henry Waxman, D-Calif., who guided a portion of health care legislation through the House Energy and Commerce Committee last month as chairman, and Stupak, who heads a subcommittee on the panel.
They wrote that the committee was "examining executive compensation and other business practices in the health insurance industry." The Associated Press obtained a copy of the letter.


08-19-2009, 10:16 AM
I read months ago it was not going to end only with firms that got bailout money.

08-19-2009, 10:17 AM
I hope that these businesses tell Waxman to go f*ck himself.

08-19-2009, 10:17 AM
I hope that these businesses tell Waxman to go f*ck himself.

Too many of them wimp out before power though. It's really disgusting.

KC Dan
08-19-2009, 10:19 AM
See, I had a sneaking suspicion that this was coming. Last night, at Rep. Baird's townhall meeting, someone brought up at the mic that some "unnamed" insurance exec received compensation equaling $100,000/hr or $1 billion dollars. Of course, the union supporters went absolutely nutso....

The requests were issued at a time when Obama's health care proposal is under intense attack from Republicans and other critics, including the health insurance industry. Much of the opposition focuses on proposals for the government to sell insurance in competition with private carriers.

Chief Henry
08-19-2009, 10:51 AM
W-2's anyone ?

08-19-2009, 11:00 AM
LOL, are there really still people that think the democrats don't want a single payer system and the death of private health care?

"Everyone, please open your McCarthy playbooks to page 27."

08-19-2009, 09:08 PM
Most of that information can be found on each companies 10Qs or 10Ks. One can also go to Business Week's web page and find the data linked.

Non-publicly traded company data would have to come from the company directly. Unless presented with a subpoena, they could tell him to pack sand.