Comment on Trump health secretary nominee Rep. Tom Price accused of insider trading in Congress

Trump health secretary nominee Rep. Tom Price accused of insider trading in Congress

Rep. Tom Price (R-Ga.), Donald Trump's nominee for health and human services secretary, invested between $1,000 and $15,000 in medical device manufacturer Zimmer Biomet last March, less than a week before introducing legislation that would greatly benefit the company, CNN reports, citing House records. Less than three months after Price introduced the HIP Act, which would have delayed implementation of a regulation to change how Medicare paid and reimbursed hip and knee implant manufacturers and providers, Zimmer Biomet's PAC sent Price's re-election committee a $1,000 check; the company's PAC had also sent Price's campaign a $1,000 check two days after he fruitlessly wrote the Medicare administrator urging him to delay implementation of the rule, CNN says. Trump transition spokesman Phil Blando said Price wasn't aware of the transaction, apparently executed by a broker, until weeks after Price had introduced the legislation, and "any effort to connect the introduction of bipartisan legislation by Dr.

 

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