Health Insurance CEOs to Hand Over the Goods


Sometimes you just can’t take the watch out of the dog.

From Henry Waxman’s latest shop comes this letter, delivered to health insurance company execs, requesting financial disclosures on salary, perks, revenues, and expenditures. It begins:

The Committee on Energy and Commerce is examining executive compensation and other business practices in the health insurance industry.

What a grand idea. And they’re not just asking for bundled totals, companies need to aggregate claims, revenue, expenses, and total profits for the following sectors: the self-insured employer market, the insured employer market, the individual market, and all government programs they’re part of (like Medicare or Medicaid). Which means analysts will get true cost and revenue data over the past four years according to various types of plans. Oooh, a rich dataset to work with, good news for the good guys.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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