Saturday, March 27, 2010

Waxman to investigate effects of health care bill on big business

When the Democrats said their 2700 page monstrosity would bring down the cost of health care, I assumed they were either stupid or lying. Judging by Mr. Waxman's comment below, apparently, at least in his case, it was the former not the latter.
ROBERT PEAR and DAVID M. HERSZENHORN OF THE NEW YORK TIMES WRITE:

Representative Henry A. Waxman, Democrat of California and chairman of the Committee on Energy and Commerce, said he would hold a hearing next month to investigate the effects of the law on big companies. He asked the chief executives of Caterpillar, Deere & Company and Verizon for financial data to document the projected impact of the law on their companies, and he asked them to explain their accounting methods.

“The new law is designed to expand coverage and bring down costs,” Mr. Waxman said, adding that he would be concerned if it drove up costs.
Read the whole thing here.

Update: More on this at Powerline, includes copies of the letters Waxmen sent to the executives. Very interesting.

No comments:

Post a Comment

Profane or rude remarks will be deleted. I will be the sole arbiter of what is or is not acceptable.

My Ten Most Recent Tweets