Democrats attack insurance company compensation

Washington Post:

Two senior House Democrats are seeking a raft of financial figures from health-insurance companies, upping the ante as President Obama and his allies push to make the insurance industry's flaws a centerpiece of their campaign for health-care reform.

House Energy and Commerce Chairman Henry Waxman (D-Calif.) and Rep. Bart Stupak (D-Mich.), chairman of the panel's subcommittee on oversight and investigations, wrote letters Monday to more than 50 of the nation's largest insurers informing them that the committee "is examining executive compensation and other business practices in the health insurance industry." They requested detailed information on the compensation packages of the companies' highest-paid employees, as well as information on the companies' boards, conferences and events they sponsored, the profitability of the individual health-care products they sell and revenues earned through government programs like Medicare and Medicaid.

The letters ask that much of the information be provided to the committee by Sept. 4, and the rest by Sept. 14. The House is scheduled to return from recess Sept. 8.

...

This is the kind of extortion that would make the mob blush. The people making these demands should be immediately investigated by the House ethics committee. The House Democrats have been saying insulting things about these businesses because they are exercising their constitution right of free speech. This is an attempt to shut them up and to punish them for their speech.

It certainly confirms my low regard for Congressman Waxman and other Democrat leaders.

It is yet another reason why voters should vote against Democrats whenever they have the opportunity.

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