Waxman "seeking detailed financial records from dozens of large insurance companies"

[ProSense]

House Dems seek info from health insurers

By DAVID ESPO, AP Special Correspondent

WASHINGTON – Democrats on a House committee are seeking detailed financial records from dozens of large insurance companies, officials disclosed Tuesday, part of an investigation into "executive compensation and other business practices" in an industry opposed to President Barack Obama's plan to overhaul health care.

The request 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 Rep. Bart Stupak, D-Mich., who heads the Energy and Commerce investigations and oversight subcommittee.

They wrote that the committee was "examining executive compensation and other business practices in the health insurance industry." The Associated Press obtained a copy.

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.

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On August 17, 2009, the Energy and Commerce Committee sent letters to the following health insurance companies: (PDF)

h/t

[Uncle Joe]

1. Kicked and recommended.

Thanks for the thread, ProSense.:thumbsup:

[vaberella]

2. And I thought Obama was said to be a corportatist and working for the insurance comp.

Well this proves otherwise...but you'll never get people on DU to admit that.

[dflprincess]

8. For some reason the link won't work for me and I couldn't read the whole article

but from what I read in the excerpt it's Waxman going after the corporations, not Obama.

[vaberella]

12. It is Waxman.

My main point is to show that Obama hasn't snuffed the process. In many of these cases when a group within Congress goes after or tries to go after the "bad guys" you'll find a lot of articles or people on the board saying that the WH (ie Obama) has tried to snuff such things. Added to that, it makes one rethink this idea that the WH actually made deals with the insurance/pharmaceutical companies since the WH has said countless time they have not. While writers (progressive) ones and regular mainstream media has said otherwise and yet we have Waxman getting the goods on said people our government made a deal with.

[Phx_Dem]

3. You gotta give it up for Waxman. That man rocks.

[LuckyLib]

4. This is how you do battle with the corporate structure and corporate-owned congress.

[Cha]

5. He can do that?

Well, good..right to where the heart should be of the matter.

:fistbump:Henry Waxman:patriot:

[ms liberty]

6. That's a nice move. K&R n/t

[AndyA]

7. Thanks Henry.

These vultures must be stopped. They are responsible for the looting of America. Enough is enough!

[madmax]

9. The mustache for Justice rides again!!

He's a treasure. This ones for you Senator :toast:

[BattyDem]

10. Wouldn't it be great if he finds something that will take them all down?

:evilgrin:

[classysassy]

11. Give em heck Henry

spot light the crooks and those that support them,( the congressional critters),in both parties.

[ensho]

13. and the insurance Barons are screaming bloody murder

thank you Waxman.

they will stall giving the info and they will give twisted and spun info. and probably totally untrue info.

keep them screaming!