Vox Populi

Super PACs $500,000-Plus Donors Account For Majority Of Money

In buying elections, Campaign Finance, Donors, Get the Ca$h, medical malpractice, propoganda, Think tank on March 14, 2012 at 3:51 pm

Super PACs $500,000-Plus Donors Account For Majority Of Money.

I was reading an article about the top 49 donors to Super PACs, seeing familiar and expected information.  49 donors have contributed $500,000 or more, making them the 1% of the current election cycle.  Again, expected and not surprising.

Then, as I was clicking through the slideshow of top donors (their pictures and a little blurb about who they are and to whom they contribute), when I came across slide number 5: Cooperative of American Physicians.  Let that sink in.  With the mega-rich donors (Harold Simmons from Dallas, funder of Swiftboat, giving to Romney; Sheldon Adelson prodding Newt Gingrich to the next state; etc.) and typical lobbying groups (AFL_CIO) appears an insurance company that specializes in medical malpractice coverage.  Interesting.

What interests a med mal insurance company in the Presidential Election to the point that they contribute $2,470,292 to their own super PAC?  In business, every investment demands a return, and this is a sizeable investment from a firm that supports, purportedly, a niche market.  The company states on its web site that it is physician owned and governed.  Its mission: “We support  and protect California’s finest physicians.”

“Support and protect” sounds like a security firm…which I guess it is.  By heading off potential litigation before it is able to come to verdict, the “finest physicians” need not worry about paying for mistakes.  Purchase access and influence to the lawmakers and erect enough barriers and hooks to dismissal, then litigation swings in favor to the Defendants.

Does the Cooperative of American Physicians wish to extend its reach outside of California?  Their name seems to indicate such, but the website lists only coverage for California physicians.  Their FAQ page may be found here.

2.4 million can buy a lot of law.

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  1. […] no sooner post about a curious super PAC donor then I see how one really rich guy can wage war against what he sees as an injustice to the social […]

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