Trump cabinet pick invested in company, then introduced legislation to help it
That would be HHS pick Tom Price.
Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet, according to House records reviewed by CNN.
Less than a week after the transaction, the Georgia Republican congressman introduced the HIP Act, legislation that would have delayed until 2018 a Center for Medicare and Medicaid Services regulation that industry analysts warned would significantly hurt Zimmer Biomet financially once fully implemented.
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.
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3 responses to Trump cabinet pick invested in company, then introduced legislation to help it
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Mike January 16th, 2017 at 22:58
Silly libruls… that’s how you make America great again.
rat618 January 17th, 2017 at 01:00
Price sees nothing wrong in this I am sure. When he was a young Orthopod starting out it was still OK for them to accept money/trips/gifts from device and drug reps in return for “considering” their product/device. AAOS, the main ortho group, has come down hard on what is considered ethical when dealing with industry reps. It even extends to not providing free lunches to Dr.’s offices or to paying for ortho books for journal clubs of ortho residents. Of course Price like many older orthopods find these new ethics “unethical” to their wallet.
bpollen January 17th, 2017 at 04:00
“Ethics, shmethics – gimme cash!”