From the Politico:
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 September 14 for the documents.
Rep. Henry Waxman (D-Calif.), chairman of the House Energy and Commerce Committee, and Rep. Bart Stupak (D.-Mich), chairman of the Subcommittee on Oversight and Investigations, signed the three-page letter dated Monday.
An industry source replied when asked for comment: "This is nothing more than a taxpayer-funded fishing expedition designed to silence health plans." . . . .