From Politico we learn that “Cardinal” Henry Waxman and other
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.
When last year’s TARP imposed limits on executive pay and other restrictions on contractual agreements on compensation between employers and employees/officers, a lot of folks wondered how far would Washington go?
Sad to say, Waxman’s band of inquisitors is likely to be a lot more threatening than this one.
