Rep. Tom Price (R-GA): GOP firmly behind him, Trump in front
(Nominee for HHS)
The
WSJ is reporting that
Rep. Tom Price (R-GA) was trading in health stocks at the same time he was
moving legislation that directly affected the stock value.
Price
bought and sold stock in about 40 health-care, pharmaceutical and biomedical
companies since 2012, including a dozen in the current congressional session (according
to a WSJ review of hundreds of pages of stock trades he filed with Congress). In
the same two-year period, he has sponsored nine and co-sponsored 35
health-related bills in the House.
His
stock trades included Amgen Inc., Bristol Meyers Squibb Co., Eli Lilly &
Co., Pfizer Inc. and Aetna Inc.
His
largest single stock buy was an August 2016 purchase of between $50,000 and
$100,000 of an Australian biomedical firm, Innate Immuno-therapeutics Inc.,
whose largest shareholder is this GOP congressman on the Trump transition team,
according to the filings, which list price ranges. The stock has since doubled
in price.
One
could excuse the Amgen, Squibb, Eli Lilly, Pfizer, and Aetna deals because
they're pretty commonly traded stocks in standard portfolios. But that Immuno-therapeutics
stock. That looks shady and fishy like this example:
Additionally:
The health-care industry is Mr. Price’s biggest patron.
For
example: In 2015 and 2016, he received about $730,000 in campaign donations
from health professionals, insurers and drug companies, more than from any
other industry.
Plus,
over his six terms in Congress, Price has raised about $15 million, and about
$4.8 million came from the health sector.
Insurer
Aetna alone donated a total of $10,000 to Price in 2015 and 2016 through its
PAC.
Pfizer,
the drug giant, donated $3,500 through its PAC.
Eli
Lilly gave $5,000.
NOTE:
Eli Lilly and Pfizer declined to comment. Aetna didn’t respond to requests for
comment. Mr. Price has made dozens of trades since 2012. On March 17, 2016, he
made 70 trades, adding, among other things, to his holdings of Aetna by as much
as $15,000, disclosure reports say.
Noteworthy:
As Price bought Aetna stock, also championed his own legislation to replace the
Obama administration’s ACA (Obama-care).
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The whole story continues below ↓
From
Crooks and Liars (which in this case, seems 100% accurate).
Welcome
to “Trump World.” One made up of crooks and liars, sleazy deal makers, and scam
artists… try and prove me wrong.
This
is truly amazing stuff to say the least. Thanks for stopping by,
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