Price and Zimmer Biomet, non ethical, and wants to cut Medicare and Medicaid

Penelope

Diamond Member
Jul 15, 2014
60,260
15,765
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Its unbelievable , the GOP could careless about whatever Devos or Price said or their answers,
when both have avoided most of the Democrats questions. They just say how great the are. I am so very upset with the GOP it literally makes me ill.

Georgia Rep. Tom Price, President-elect Donald Trump’s pick to run Health and Human Services, bought shares in Zimmer Biomet shortly before introducing a bill that would have spared the devicemaker from a financial hit brought about by new CMS regulations.

Price purchased between $1,001 and $15,000 worth of Zimmer Biomet shares last March, CNN reported Sunday. Days later, he introduced the HIP Act, which sought to delay and suspend Medicare’s Comprehensive Care for Joint Replacement Model. The new regs seek to change the way Medicare reimburses providers and manufacturers for hip and knee implants.

After Price floated the bill, Zimmer Biomet’s political action committee donated to his reelection campaign, CNN reported. The company, which makes hip and knee implants, would have been among the hardest hit if the new regs are fully implemented.

"It clearly has the appearance of using your influence as a congressman to your financial benefit," said Larry Noble, general counsel at the Campaign Legal Center, as quoted by CNN. "If he believed in the bill, he should not have purchased the stock."

"Any effort to connect the introduction of Dr. Price's legislation, co-sponsored with Democrats, to a campaign contribution is demonstrably false,” said Phil Blando, a transition spokesman, in response to CNN’s report. “Dr. Price is fully complying with the recommendations put forth by the Office of Government Ethics."

Trump HHS pick backed Zimmer Biomet—then pushed a bill to benefit the company | FierceBiotech
 

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