Posted by
Defend America on Friday, December 04, 2009 7:47:28 PM
Senate Democrats targeting the pay of health insurance executives
By Alexander Bolton
-
12/04/09 03:53 PM ET
Senate Democrats will offer an amendment this weekend to curb the pay
of executives at health insurance companies that benefit from federal
subsidies, fueling the growing feud with the powerful industry.
Sens.
Blanche Lincoln (D-Ark.), Frank Lautenberg (D-N.J.) and Robert Menendez
(D-N.J.) have sponsored an amendment that would prohibit health
insurance companies from deducting more than $400,000 in executive
compensation per individual. The cap would apply to companies that
earned 25 percent or more of their income from Americans who buy
insurance from government-created exchanges.
http://thehill.com/homenews/senate/70709-democrats-target-pay-of-health-insurance-executives