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!

Topics:  health   human services   tom price   march   house   after price   price   cnn   zimmer biomet   cms   nominee   company   introduced legislation   investment   campaign   bill   companies   nice   regulation   donation   records   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News