House Democrats want the country's top insurance companies to reveal some intimate financial details including how much their top executives make and what their profits are. Information requests from the House Energy and Commerce Committee went out to the companies on Monday, with a deadline of September 14. It's still unclear which companies will cooperate but already the industry has showed some apprehension about handing over the information. Robert Zirkelbach is a spokesman for the group, America's Health Insurance Plans:
"This is a fishing expedition that is designed to silence the health-insurance industry," said Zirkelbach. "It's an effort to change the debate to focus on health insurers rather than focus on the solutions to the health care concerns that the American people have raised."
The letter sent to the companies asks them to name all employees who were paid more than $500,000 in a single year between 2003 and 2008. It also asks for details about corporate events held off site since Jan. 1, 2007.