Paul Ryan ally Rep. Mike Conaway [R-TX, @ConawayTX11, +1 (202) 225-3605] is the proud owner of $30,000 worth of stock in UnitedHealth, who stand to benefit enormously from Rep Conaway's efforts to destroy Obamacare and replace it with a system that allows insurers to charge more and kick more than 22,000,000 Americans off their insurance.
Conaway's wife made the purchase the same day that the House Rules Committee advanced the Obamacare-killing House bill. The shares have surged 7% since Rep Conaway cast his vote. Rep Conaway is leading the House Intelligence Committee investigation into Russian interference in the 2016 election.
Another Congressman who made serious money by buying health stocks and then voting to kill Obamacare is Sen. James Inhofe [R-OK, @jiminhofe, +1 (202) 224-4721], who bought between $50,000 and $100,000 in UnitedHealth stock prior to the Congressional vote. Rep Inhofe's spokesperson claimed the purchase was made by a financial advisor who spent his money without talking to him first.
Conaway, who serves as a GOP deputy whip in the House, has a long record of investing in firms that coincide with his official duties. Politico reported that Conaway’s wife purchased stock in a nuclear firm just after Conaway sponsored a bill to deal with nuclear waste storage in his district. The firm stood to directly benefit from the legislation.
REPUBLICAN LAWMAKERS BUY HEALTH INSURANCE STOCKS AS REPEAL EFFORT MOVES FORWARD
[Lee Fang/The Intercept]
(Images: Parker Brothers, Cliff Owen/AP, David Beyer CC-BY)
As I wrote last week, the California Farm Bureau (which lobbies for the state's farmers) struck a deal to gut the state's Right to Repair legislation, a move that will cost farmers their right to fix their own tractors and other heavy equipment.
A procedural ruling by the Supreme Court this week will mean that the Federal Election Commission will be required to regulate "dark money" ads, forcing disclosure of the source of the funds for the ad.
For more than two years, Radiolab has been running a brilliant side-podcast called More Perfect which involves deeply reported, engaging stories about Supreme Court decisions, skilfully mixing in audio from the trials, historic or new interviews with the people involved, and commentary from scholars and activists that serve to illuminate the incredible stories behind the […]
Sipping on whiskey is already a sophisticated experience, but that doesn’t mean you can’t kick it up a notch. A perfect addition to your desk or home bar, the Eravino Whiskey Globe Decanter features a beautifully etched map on the surface and an eye-catching glass ship inside, bringing an entirely new level of class to […]
Gone are the days when you needed to pore over a 400-page physics textbook to learn about weight ratios, aerodynamics, and all of those other STEM concepts that let us take to the skies. Thanks to Force Flyers’ DIY Building Block Drones, you can foster your STEM knowledge as you build and fly your own functional […]
As more companies leverage cloud technology to unite and streamline their operations, the need for capable IT pros increases. But, as any IT guru will tell you, demand alone won’t get your foot in the door to this lucrative field. If you want to cash in on the demand and build a thriving IT career, […]