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Hearings conduct congressman Henry Waxman -- to grill CEOs about health -- charges -- get him.
They being -- there was supposed to be next week having counsel no reason given but Liz MacDonald nova single to about.
-- -- -- I -- think I think companies are following accounting rules that let them by the law and this is real strong arm tactics you're we have the letters that were sent.
To the companies they were asked her to testify and they were asking for emails are asking for internal accounting analyses on the impact of health reform.
Also in this -- they cite a study this is very important.
And they misrepresent a study congressman Waxman and Stupak misrepresent a business roundtable study.
That's reportedly showed cost savings from -- form of 3000 dollar per worker.
The study did not was not premised on Obama -- with premised on free market reforms like health maintenance accounts and then on the medical malpractice liability.
And also warns that those costs innings and the president about proposal as the study was done to November 2000 night.
Did not come about it would add to the death.
-- -- so congressman Waxman was misinterpreting.
A ripple death and use that as an excuse to hold these executives to get intimidate them in front of congress that's correct and now it comes out of that report was -- the business roundtable -- dealt with Hewitt Associates senate decided in this letter to these companies.
-- -- That report said nothing like what congressman Waxman said it said that's actually right so he's got to back -- and that's the real reason for the cancellation.
It would it humiliated themselves that they had done this hearing because all this information which is now coming on your show would have been in the media and in the headlines.
You know we were going to go and take the show alive.
To Washington for those hearings we would disappoint I wanted to got to cover that what I wanted to see if the executives would fight back and say I hate when that would just obeying the lol what -- doing what.
And they you know -- -- acquired it might also.
They're being pressured in this letter to report cost savings through their shareholders and health reform.
That's fantasy Atlantic county it is that could've put them further violation of the accounting rules this thank you very much for.
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