Compliments of Democrat Henry Waxman:
“The concept that insurance companies would even seek to deny children coverage exemplifies why we fought for this reform,” said Representative Henry A. Waxman, Democrat of California and chairman of the Energy and Commerce Committee.
We might feign outrage, and while Insurance Companies are heartless bastards, we thought it’d be a great idea to force you to buy their product, even if it kills your kids.
Welcome to the Authoritarian Theater of the Absurd (Left Edition), where not only are you forced by your government to buy a private product, the people offering you the private product are hauled into Congress to explain why they are following the laws on financial reporting when Democrats don’t want them to:
Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment “appears to conflict with independent analyses[sic], which show that the new law will expand coverage and bring down costs.”
In other words, shoot the messenger. Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don’t like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet.
Bolding mine. Not that I have any sympathy for insurance fat cats and financially bloated CEOs, mind you. But I do care about making sure morally deficient politicians don’t get to accumulate anymore power and don’t get to intimidate people into silence. So much for the Republican Democratic majority.