Politico.com reports today that a House committee has sent letters to health insurance companies demanding info on salaries, offsite meetings , travel and the like. Talk about a diversion to shift the blame onto insurance companies for the woes of our health care system.
Here is part of the Politco article.
Democrats prepare to go it alone — House investigator target the nation’s largest insurers with 52 letters demanding documents
By: MIKE ALLEN on August 19, 2009 @ 6:24 AM
Good Wednesday morning. David Letterman: “Do you understand the problem — health insurance, Congress, not doin’ anything, they have these town halls, people gettin’ hot, everybody worked up about health insurance? … When I see that, I think to myself, ‘Well, thank God, I’m with CBS. CBS has a tremendous health-care package. … Here’s the deal: If I get sick, I can only be treated by Dr. Phil.”
BREAKING: The House Committee on Energy and Commerce has sent letters to dozens of major health insurance companies demanding extensive financial data for an examination of “executive compensation and other business practices in the health insurance industry.”
By Sept. 4, the firms are supposed to supply detailed compensation data for board members and top executives, as well as a “table listing all conferences, retreats, or other events held outside company facilities from January 1, 2007, to the present that were paid for, reimbursed, or subsidized in whole or in part by your company.” For employees or officers making $500,000 or more, the committee wants information on salary, bonus, options and pension.
And by Sept. 14, the firms are supposed to provide copies of reports from compensation consultants, plus board drafts of compensation plans, and information about market share.