Senate takes aim at insurance executive pay

[UpInArms]

Source: Associated Press

WASHINGTON — Democratic senators are taking aim at insurance industry executive pay as they jockey for advantage in a rare weekend session to debate President Barack Obama's health care overhaul.

Republicans are showcasing the bill's cuts to Medicare, seeking to undermine support for the legislation among seniors and others as partisan debate rages over the sweeping remake of one-sixth of the nation's economy.

Both sides were bracing for more grueling and unpredictable debates and negotiations Saturday, with Senate Majority Leader Harry Reid, D-Nev., racing the clock to complete action on the 2,000-plus page bill by Christmas.

The nearly $1 trillion legislation would provide insurance coverage to more than 30 million more people over the next decade with a new requirement for nearly everyone to purchase insurance. New insurance purchasing marketplaces would be set up, lower-income people would get subsidies, the federal-state Medicaid program for the poor would be expanded and unpopular insurance company practices such as yanking coverage when someone gets sick would be banned.

Read more: http://www.google.com/hostednews/ap/article/ALeqM5jlMpJGn28kqCcgU-aGcYE_ZHW-ywD9CD40680

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no detail in the article regarding executive pay and how the Congress intends to stop the way the insurance companies are stripping their insureds of their money without providing any service, whilst paying their executives multi-million dollar compensation packages

[dmosh42]

1. Just a smokescreen by some phony senator(Lincoln)...

who's going to vote the bill down anyway!

[aquart]

2. Pity. I do need those executives gutted.

Financially or viscerally, I won't be picky.