Saturday, June 20, 2009

30 US Lawmakers have Millions of $$ personally invested in health care industry : another way to wreck your mental health

The work just never stopsand we are so screwed re: getting access to government sponsored medical health insurance:

Lawmakers Reveal Health-Care Investments: Key Players Have Stakes in Industry

By Paul Kane Washington Post Staff Writer Saturday, June 13, 2009

".....freshman Sen. Kay Hagan (D-N.C.), who holds at least $180,000 in investments in more than 20 health-care companies. ...

The hearings will be led by Sen. Christopher J. Dodd (D-Conn.), who is filling in for Sen. Edward M. Kennedy (D-Mass.), the committee chairman, who is battling brain cancer. Dodd's wife, Jackie Clegg Dodd, serves on the boards of four health-care companies, receiving more than $200,000 in salary and stock from her service in 2008, according to the Associated Press....

Health care is not the only industry that is both heavily regulated by Congress and heavily invested in by lawmakers. As The Washington Post reported Thursday, more than 20 members of the House leadership and the House Financial Services Committee hold investments in companies that received more than $200 billion in federal bailouts. ...."

June 16, 2009
Top of the morning
Posted at 6:50 AM by Chris Fitzsimon

North Carolina Senator Kay Hagan made the Washington Post this weekend as one of 30 lawmakers playing a key role in health care reform who have significant investments in the health care industry.

Hagan is a member of the Senate’s Health, Education, Labor, and Pension Committee that will begin its health care debate today on Capitol Hill. The Post says Hagan owns at least $180,000 in investments in health care companies.

The 30 members of Congress who will draft the reform proposal combined have between $11 million and $27 million of personal investments in the industry that will be directly affected by what Congress decides.

It is not against the law or Congressional rules for lawmakers to have large financial interests in the industries they regulate.

But it doesn’t inspire a lot of confidence.


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