WASHINGTON - Michael Leavitt, President Bush's choice to be secretary of Health and Human Services,
may have to cut billions of dollars from the government's mammoth health programs for the elderly, poor and disabled to pare the budget deficit. The
Medicare and Medicaid programs, consuming nearly $500 billion a year and growing quickly,
could be vulnerable in the context of last year's $413 billion budget deficit, the ongoing war in Iraq, costly domestic security commitments and administration plans to revamp Social Security without raising taxes. No need to provide any health care for all those useless fodder units out there, right?
MORE:
Before becoming governor, he was chief operating officer of the Leavitt Group, a family insurance firm in which he maintains an investment worth between $5 million and $25 million, according to a financial disclosure report he filed in 2003.
The company owns 100 independent insurance agencies that sell supplemental Medicare policies, among other insurance products, according to company literature.
The Medigap policies account for less than 1 percent of company revenues, said Dane Leavitt, the president and CEO. He is Michael Leavitt's brother.
"I have never had a discussion with him on any of those topics and I don't anticipate having one," Dane Leavitt said.
The family company, which Michael Leavitt used to be CEO of, OWNS insurance agencies that sell supplemental Medicare policies, but his brother, who's now the company's CEO, claims they've never discussed such things??? Tell us another one!
:argh:
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