By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Congress and Their Staff Can Do all the HealthCare Inside Trading They Want
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Congress and Their Staff Can Do all the HealthCare Inside Trading They Want
Business

Congress and Their Staff Can Do all the HealthCare Inside Trading They Want

BarbaraDuck
BarbaraDuck
Share
2 Min Read
SHARE

First of all, hats off to 60 Minutes for their coverage on this issue, which I wrote up back in June of this year.  Why should lawmakers be immune to the laws that the rest of us have to abide by?  

First of all, hats off to 60 Minutes for their coverage on this issue, which I wrote up back in June of this year.  Why should lawmakers be immune to the laws that the rest of us have to abide by?  

Insider Trading Not Illegal for Congress and Their Staff–STOCK Act Introduced to Stop Trading on The Congressional Knowledge Act

When you watch further into the video, healthcare has been a profitable area for those investing in stock in Congress.  Congressional lawmakers have no corporate responsibilities.  Healthcare stocks during the healthcare law were traded like crazy.  They would actually confiscate cell phones during meetings with the Fed Chairman.  

Mentioned here is John Boehner who during the healthcare bill era, and just days before the defeat of the public option he bought a ton of health insurance stock. 

More Read

debt relief for hospitals
Should We Bail Out Hospitals for Their Bad Debt?
Incorporating Patient Reported Outcomes in Post-Surgery Evaluation
Measure What You Manage, With Caveats: Thoughts on Surgeon Ratings
Health Start-Ups! – Beddit Does It Right
Massachusetts Gets Ready to Tame HealthCare Costs

60 Minutes was right on it with getting him in a press conference.  Later they found out the trades were done by his financial office advisor.  Real estate is another area mentioned here where members of Congress have cashed in.  Federal judges don’t get this option. 

3 Judges in Health-Care Lawsuits Caught Up In Potential Conflict of Interest-It’s Called Subsidiary Watch-Be Aware of Your Investments With Mergers and Acquisitions

Nobody wants to pass the STOCK act…watch them ask members of Congress.  Motley Fool and others have had movements promoting the passage of this law that would make the same rules apply to Congress do the rest of us.  Political Intelligence is new business now that operates in Washington that collects non public information and sells it to Hedge Funds…is this fair??  BD

 

 

   

TAGGED:insider trading
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

More On Why There Are Drug Shortages

August 10, 2011
digital health innovators ENGAGE
BusinessTechnology

The ENGAGE Conference: Top Insights for Patient-Centric Digital Health Innovators

October 17, 2014

Medical Device Approval Process is Faulted in Study

March 22, 2011
Endocrinology
Hospital Administration

Improving Endocrinology Revenue Recovery is Crucial

June 14, 2023
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?