Wednesday, August 19, 2009

Don't Oppose Obamacare...

Or Democrats will investigate you.

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.

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.

The only reasons Democrats would be making these demands is (a) to blackmail health insurance companies into going along with Obamacare or (b) smearing the same companies as greedy, evil bastages in haughty statements for the adoring media.

This government doesn't miss a trick on intimidation.