Chairman Henry A. Waxman and Subcommittee Chairman Bart Stupak today announced that the Subcommittee on Oversight and Investigations will hold a hearing on April 21, 2010, regarding claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company’s ability to provide health insurance to their employees. These assertions appear to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.
Chairman Waxman and Subcommittee Chairman Stupak sent a letter to the Chief Executive Officers of Caterpillar, Verizon, Deere and others requesting their testimony at the hearing as well as information and documentation from each company on the law’s projected impact.
- Letter to Samuel R. Allen, Chairman & CEO, Deere & Company
- Letter to James W. Owens, Chairman and CEO, Caterpillar Inc.
- Letter to Ivan G. Seidenberg, Chairman of the Board and CEO, Verizon Communications Inc.
- Letter to Randall Stephenson, Chairman, President, and CEO, AT&T