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.
Chairman Henry Waxman (D-Calif.) and Rep. Bark Stupak (D-Mich.), chairman of the Subcommittee on Oversight and Investigations, signed the three-page letters, dated Monday, and obtained by POLITICO's Carrie Budoff Brown.
And you, at home reading this .. when they ring your doorbell, and you did nothing because you imagined the insurance executives were some fat cat cretins, EVEN IF THEY ARE, when they ask you what you make so all your neighbors know all your life, and what you do to celebrate, or plan .. who will you see abou that or look to for help?
Who will have the temerity to object then?
OBJECT NOW !
The democratic majority wants power
over our daily lives, when they deem
it their business.
They have lost hold of the rope
This story is so outlandish it reminds me of two famous phrases from the history of the fight against anti-Semitism,
1) First they came for the Insurance Executives, and I did nothing because I was not an Insurance Executive ...
2) IF NOT ME, THEN WHO?
The first is likely obvious. The second refers to my feeling that this particular encroachment against Liberty is a line in the sand.
If the Insurance companies comply with this, the people need to take matters into their own hands.
This is, perhaps, the most malevolent abuse of power yet. It must not be tolerated.