[Congressional Record Volume 142, Number 100 (Tuesday, July 9, 1996)]
[House]
[Page H7121]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          LEAN AND MEAN RIPOFF

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, we know there is big money in health 
care, but this deal breaks the bank. U.S. Healthcare is merging with 
Aetna, a $9 billion deal that they say will make the company lean and 
mean and they will be able to pass on huge savings to consumers. Spare 
me, Mr. Speaker. I do not see any lean and mean in sight. What I see is 
fat, fat and filthy rich.
  Check this out. The new chairman, Len Abramson, will make $1 billion, 
$1 billion in cash and stocks. If that is not enough to irritate your 
gallbladder, he will have two copresidents, and they will make millions 
of dollars more so they make sure the company is lean and mean. Beam me 
up. These nickel slicks must think that all Americans were born 
yesterday.
  The truth is these big fat cats are simply mean, and the only lean 
out there will be the downsized laid-off health care workers trying to 
make a mortgage payment.
  I yield back the balance of any more of this ripoff.

                          ____________________