At Overseas company circumstances a week ago, investigative reporter David Sirota analyzed the proposed merger of Cigna and Anthem Blue Cross Blue Shield, a deal that will produce the health insurance company that is biggest in the united states. Cigna is dependent in Connecticut and Katharine Wade, the stateвЂ™s insurance commissioner, appointed by Governor Malloy, is just A cigna that is former lobbyist deep family members ties into the business.
вЂњMalloyвЂ™s choice to appoint Wade to such a robust post that is regulatory the eve regarding the merger had not been built in vacuum pressure,вЂќ Sirota reported. вЂњIt came after workers of Cigna, its lobbying firm Robinson & Cole and Anthem delivered significantly more than $1.3 million to nationwide and state political groups associated with Malloy, like the Democratic Governors Association (DGA), the Connecticut Democratic Party, MalloyвЂ™s very own campaign that is gubernatorial a governmental action committee supporting Connecticut Democrats [our italics].
Since MalloyвЂ™s first successful run for governor when you look at the 2010 election period, donors through the insurance firms while the lobbying company have actually provided significantly more than $2 million to Malloy-linked teams, based on the numbers published by PoliticalMoneyLine additionally the nationwide Institute on Money In State Politics. Nearly half that cash has come in since 2015, the 12 months the merger ended up being announced.
Sirota now states that since their investigation first ended up being published, their state has вЂњformally rejected available documents requests for information regarding Cigna and Anthem to their meetings, and declared that вЂanyвЂ™ papers in regards to the medical insurance organizationsвЂ™ proposed merger which havenвЂ™t recently been made general public are going to be kept key.вЂќ Their FOIA request had been refused вЂњone after Anthem asked for [state insurance coverage commissioner] Wade approve a typical 26 percent upsurge in medical insurance premiums for individual plans. dayвЂќ a great deal for transparency.
Even though weвЂ™re in Connecticut, letвЂ™s also take a good look at exactly what Malloy has been doing when it comes to worldвЂ™s biggest hedge investment вЂ” Bridgewater Associates, based in the state, by having an estimated worth of $150 billion.
The creator associated with company, Ray Dalio, could be the man that is richest in Connecticut, by one estimate weighing in at $14.3 billion.
Dalio made $1.4 billion in 2015 alone, in accordance with Institutional InvestorвЂ™s Alpha mag. That exact same 12 months, their top two professionals pulled in $250 million each. Yet included in ConnecticutвЂ™s campaign to help keep businesses from making their state, Malloy is using $22 million regarding the money that is publicвЂ™s offering it to Dalio to keep placed.
It might seem A democratic governor would have tossed along the gauntlet and told BridgewaterвЂ™s top three, вЂњGet outta right here! You guys made almost $2 billion among yourselves. Shake your piggy bank or look using your settee cushions when it comes to $22 million; weвЂ™re perhaps maybe maybe not milking the general public for this https://www.paydayloansnc.net/.вЂќ
But no, Malloy along with his democrats that are fellow. Buckled into the one-tenth for the one-tenth for the percent that is one-hundredth of rich. Ordinary taxpayers will ante up now.
Therefore offered all that, imagine whoвЂ™s the president of this platform committee for the future Democratic National Convention? Right: Dan Malloy, governor of Connecticut, subsidizer of billionaires. Guess whom known as him? Appropriate once more: Wasserman Schultz, вЂњtop Democratic allyвЂќ of вЂњpredatory payday lenders.вЂќ WeвЂ™re perhaps not causeing the up.
Not merely will Malloy be presiding on the priorities associated with Democratic platform in the meeting the following month, he doubtless is going to be making the rounds with Wasserman Schultz along with other celebration elites she has invited to pay for the lavish fun-and-games that will surround the coronation as they genuflect before the corporate sponsors and lobbyists. A lot of those sponsors that are corporate lobbyists have actually earnestly lobbied against modern policies like health-care reform and a Wall Street cleaning and also contributed a large amount to Republicans. Yes, we all know, shocking.
So use the planks into the platform therefore the platitudes and claims within the speeches having a grain of sodium. It is exactly about the funds.