GOP Representative Robert Bresnahan voted for Trump on Thursday, and he easily voted for it after throwing stocks to Medicaid providers.
Pennsylvania delegates sold his Centene stock in May, just a week before his “yes” vote on the budget bill that weakened the health care system. By Thursday, when he voted again for the final version of the bill, Centene Stock fell 43%.
X Quiver Quantification @QuiverQuant: Update: We recently saw the sale of Centene Stock on behalf of Robert Bresnahan. Centene provides health care communication for Medicaid. The stock has now fallen 43% since its sale: (official portrait of Bresnahan and a chart showing Centene stock falling)
Pennsylvania representatives have a vested interest in seeing health care cuts. He knew that depriving Medicaid and hospital funds from millions of Americans would help him make money quickly and then his stock was conveniently worthwhile. This is another classic example of insider trading in Congress, and it’s a rampant problem on Capitol Hill. Representatives and senators on both sides of the aisle use their position as legislators to influence stock prices and make money with as much cash as possible in the process.
Senator Elizabeth Warren: “Health care is deprived of health care among 17 million Americans, thus protecting his stock portfolio.” Write On X. “We need to ban Congress stock trading.”
“Wow. So he voted for gut Medicaid and threw 17 million people out of health care and then threw away Medicaid-related stocks to cover up his ass?” Representative Maxwell Frost echo. “That’s just evil and cruel.”
