Comment on Trump's HHS Nominee Invested In A Company, Then Introduced Legislation To Help It

Trump's HHS Nominee Invested In A Company, Then Introduced Legislation To Help It

Department of Health and Human Services nominee Tom Price is as corrupt as they come, but his confirmation hearing is going forward anyway, in spite of this late-breaking news. CNN is reporting that Price made an investment in a biomedical company called Zimmer Biomet, then introduced legislation to help it, and then took a campaign donation from them. Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet, according to House records reviewed by CNN. Zimmer Biomet, one of the world's leading manufacturers of knee and hip implants, was one of two companies that would been hit the hardest by the new CMS regulation that directly impacts the payments for such procedures, according to press reports and congressional sources. After Price offered his bill to provide Zimmer Biomet and other companies relief from the CMS regulation, the company's political action committee donated to the congressman's reelection campaign, records show. What a nice return on his investment!

 

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