Insurers Spending $700K a Day to Kill Healthcare Reform
by mcjoan
Digg this! Share this on Twitter – Insurers Spending $700K a Day to Kill Healthcare ReformTweet this submit to reddit Share This
Tue Sep 15, 2009 at 03:10:04 PM PDTWow, that could be providing a helluva lot of healthcare.
Washington, D.C. – A campaign finance watchdog’s analysis of insurance and HMO political contributions and lobbying expenses found the industries spent $126,430,438 over the first half of 2009 and $585,725,712 over the past two and a half years to influence public policy and elected officials. The group, Public Campaign Action Fund, found that in the first part of 2009, the industries were spending money at nearly a $700,000 a day clip to influence the political process and that the monthly pace of political spending this year has increased by nearly $400,000 over the average spent per month in the previous two years.
In addition to PAC contributions to our “public servants,” that’s funding 875 registered lobbyists for the insurance industry, and 920 for the HMOs. Which really is hardly a drop in the bucket for the industry, when you take into consideration their CEO compensation, which ranges from $3 million to $24 million.
Nice to know what our premiums are paying for, huh? We could cut out the middleman here. We could start giving all the money we’re spending on premiums directly to our representative and Senators. Maybe then they’d listen to us, the people who hired them, when it comes to vote.
Yeah, right.