House Democrats request detailed financial records from Insurance Firms (spokesman, health care, premium)

[walidm]

House Dems seek info from health insurers (http://news.yahoo.com/s/ap/us_health_care_insurers - broken link)

WASHINGTON – Dozens of the nation's largest insurance firms must decide whether to honor a request from House Democrats for detailed financial records, part of an investigation into executive compensation and other business practices in an industry that opposes President Barack Obama's health care proposals.

A spokesman for Rep. Bart Stupak, D-Mich., said Tuesday night that 52 letters had been sent to health insurers with $2 billion or more in annual premiums. The request to insurance companies included records relating to compensation of highly paid employees, documents relating to companies' premium income and claims payments, and information on expenses stemming from any event held outside company facilities in the past 2 1/2 years.

Among the documents requested were records relating to compensation paid to any company executive earning more than $500,000 in any year from 2003 to 2008.

Waxman and Stupak also sought documents relating to premiums paid by policy holders, claims payments, sales expenses, administrative expenses and profits, broken down by categories such as employer-provided coverage; individual coverage, Medicare and Medicaid.

Among the documents requested were records relating to compensation paid to any company executive earning more than $500,000 in any year from 2003 to 2008. Waxman and Stupak also sought documents relating to premiums paid by policy holders, claims payments, sales expenses, administrative expenses and profits, broken down by categories such as employer-provided coverage; individual coverage, Medicare and Medicaid.

Interesting.