Saturday, December 16, 2006

Senator Bayh Drops Out of Presidential Race

Why did Indiana Senator Evan Bayh drop out of contention for the Democratic 2008 Presidential slot? A Saturday morning announcement indicated Evan had thrown in the towel.

The timing is odd from this blogger's perspective as just yesterday I e-mailed the Senator on his wife's connections to WellPoint, a large health insurance company. Financially Susan Bayh had done quite well from her tenure on the board. Her exercising stock options provided $1.2 million in investment income for the Bayh household the last year and a half. On top of that she receives annual cash payments of over $80,000 and 3,750 shares of stock.

The Senator's health care stand sounds Republican with its focus on providing tax credits for small businesses and the unemployed to buy private health insurance. Could his wife's relationship with a big insurer be why?

And did the Senator drop out because of this blogger's revelation? Only he can answer that...

1 comment:

PEU Report/State of the Division said...

Thanks Llamajockey for the information and support. The disaster of America's health care non-system took decades to create. The Bush team is responsible for the last 5 years and WellPoint's influence during that time has been considerable.

Bush's right hand man promised to reduce the number of uninsured by 5-6 million during a speech in 2003. Since then, no sincere efforts have been made and the number's gone up by that amount.

Sorry it took this Texan so long to find out what you Hoosiers have known! Peace...