Adopting a new tactic in the health care debate, a coalition of faith-based investors has asked UnitedHealth Group, 3M, Target, General Mills and other major members of the U.S. Chamber of Commerce to repudiate the Chamber's opposition to reform bills moving through Congress.
Members of the Interfaith Center on Corporate Responsibility (ICCR) requested that more than two dozen of the Chamber's most influential companies distance themselves from the Chamber's current advertising and lobbying campaign against reform measures. The ICCR says its 275 members have more than $100 billion invested in these and other companies, and it expects the companies in which its members invest to act in ways the group considers productive on health care reform.
Six companies, including Target, had responded by a Friday deadline, said the Rev. David M. Schilling, ICCR's human rights director. None distanced itself from the Chamber's campaign, which the ICCR calls "scare tactics." The failure of companies to break with the Chamber could lead to shareholder resolutions that force votes on the issue at annual meetings.
"Shareholder resolutions are one of our primary tools," Schilling said.
Three of the four Minnesota companies contacted by ICCR declined to break ranks with the Chamber but stressed their independence in the health care debate.
"We're reviewing the letter and deciding how best to respond," UnitedHealth spokesman Don Nathan said. "We take our own position on what we think is the right course. That's not dictated by any outside organization."
Like the Chamber, UnitedHealth opposes a government-run health insurance option. Earlier this week, UnitedHealth asked employees to send company-drafted form letters to members of Congress, voicing opposition to a public plan. Faith-based investors consider the public option one of the most important elements of health care reform.
Susan Kahn, Target's communications vice president, said Target "supports the need for meaningful health care reform" and will work with Congress to make that happen. Schilling said that also was basically what Target told the ICCR.