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Trump Pick For Cabinet, Tom Price, Sponsors Legislation After Buying Stock

2017-01-17

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Here’s a direct quote from CNN; I don’t know how I could say it any better:

Washington (CNN)Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company, raising new ethics concerns for President-elect Donald Trump’s nominee for Health and Human Services secretary.

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 Centers for Medicare and Medicaid Services (CMS) 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 have 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.
My only comment is why does Mr. Price get to report his stock purchase as “between $1001 and $15000” and where’d he get the money?
Oh, here’s another thought: Mr. Price STINKS OF GRAFT!
(photo by By Dietmar Rabich – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=51050947)
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