House Democrats are probing the nation’s largest insurance companies for lavish spending, demanding reams of compensation data and schedules of retreats and conferences.
Letters sent to 52 insurance companies by Democratic leaders demand extensive documents for an examination of ‘extensive compensation and other business practices in the health insurance industry.” The letters set a deadline of Sept. 14 for the documents.
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.
An industry source interviewed for the article got it correct:
“This is nothing more than a taxpayer-funded fishing expedition designed to silence health plans."
Source: http://www.politico.com/news/stories/0809/26251.html#ixzz0Oe0Hz9fn
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment