Insurance Industry Brushes Off Dems’ Request For Financial Info

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Earlier this week, two Democrats asked the heads of 52 health insurance companies for detailed information on their revenues, profits, executive pay and retreats. But the insurance industry dismissed the request as a “fishing expedition.”

“This is a politically motivated, taxpayer-financed fishing expedition designed to silence the health insurance industry and distract attention away from the fact that the American people are rejecting a government-run insurance plan,” said Robert Zirkelbach, a spokesman for America’s Health Insurance Plans, an association that includes 1,300 insurers.

The letter, sent by Reps. Henry Waxman (D-CA) and Bart Stupak (D-MI), is not a subpoena but a request. Waxman, who is the Democrats’ lead reform negotiator in the House, and Stupak asked for the information by Sept. 14.

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