Tuesday, October 05, 2010

From the L.A. Times this morning:

The insurance industry is pouring money into Republican campaign coffers in hopes of scaling back wide-ranging regulations in the new healthcare law but preserving the mandate that Americans buy coverage.

Since January, the nation's five largest insurers and the industry's Washington-based lobbying arm have given three times more money to Republican lawmakers and political action committees than to Democratic politicians and organizations.

That is a marked change from 2009, when the industry largely split its political donations between the parties, according to federal election filings.

The largest insurers are also paying hundreds of thousands of dollars to lobbyists with close ties to Republican lawmakers who could shape health policy in January, records show.

Read the entire story here.