Trump's HHS Pick Accused of Undervaluing Healthcare Stocks he Owns
Overview of this ControversyDate Originated:
April of 2017Categories: Tom Price
& Donald TrumpRepresentative Tom Price, Donald Trumps choice for Secretary of Health and Human Services, bought stock in a company that manufactures knee and hip implants and then introduced legislation that would have benefited both the company and himself days later. The company, Zimmer Biomet, then donated $1,000 to Representative Price's reelection campaign shortly thereafter.
Update: ProPublica reported that "[o]n the same day the stockbroker for then-Georgia Congressman Tom Price bought him up to $90,000 of stock in six pharmaceutical companies last year, Price arranged to call a top U.S. health official, seeking to scuttle a controversial rule that could have hurt the firms’ profits and driven down their share prices, records obtained by ProPublica show."