Sunday, December 6, 2009
Excessive Executive Compensation, Health Care and More Gratuitous Promotion of Family Members
My twin has a piece up at the Huffington Post in which he examines the sections of the proposed health care reform that concern compensation for insurance executives. Under current regulations, corporations can easily deduct executive compensation. This legislation will substantially restrict such deduction by health insurance companies. Aaron argues that the proposed caps on such compensation do not go far enough. In particular, there is no good reason to have such restrictions for insurance companies and not other companies. He makes a good case and also explains in detail the relevant regulations that govern the status quo. My one nitpick is that in many locations a game of Ms. Pacman costs more than a quarter. Go and read.