Senate Democrats targeting the pay of health insurance executives

The Hill reports:

Senate Democrats will offer an amendment this weekend to curb the pay of executives at health insurance companies that benefit from federal subsidies, fueling the growing feud with the powerful industry.

Sens. Blanche Lincoln (D-Ark.), Frank Lautenberg (D-N.J.) and Robert Menendez (D-N.J.) have sponsored an amendment that would prohibit health insurance companies from deducting more than $400,000 in executive compensation per individual. The cap would apply to companies that earned 25 percent or more of their income from Americans who buy insurance from government-created exchanges.

Great moments in central economic planning.