“The appearance of insider trading”, “a privileged offer”, or good old fashioned governmental corruption? I pick C.
“The head of an Australian pharmaceutical company is forcefully denying to CNN that Rep. Tom Price, President Donald Trump’s pick to lead the Department of Human Services, was offered a special discounted rate of the firm’s stocks.” CNN
Texting the wrong person, an accidental reply all, calling a wrong number—we have all made those types of embarrassing mistakes. This one however sheds light on what some warn “gives the appearance of insider trading”, while others argue it is business as usual.
I have little faith in government. I believe, with the exception of a few, politicians can be bought by the highest bidder. For example, it wasn’t too many weeks ago that NJ Dem. Senator Cory Booker was shamed for voting against the Sanders/Klobuchar Amendment, which would have given Americans the right to purchase drugs from Canada at a better price. The fact that many of those drugs are manufactured in the US, but sold to Canada at a lower price, and that this practice is common knowledge is (ahemBullshit) another argument. Booker can vote however he wants to vote, but his choice will be remembered when he’s up for reelection. As will the fact that he has received more pharmaceutical manufacturing cash over the past six years than any other Democratic senator. Who does Booker work for? Apparently the answer is, the pharmaceutical industry, and not for the people who voted him into office. I’ve gone off topic again.
Donald Trump’s pick for the Department of Human Services, Rep. orthopedic surgeon/ multi-millionaire, Tom Price is the subject of my scorn today. GOP congressman Chris Collins sent an accidental reply-all email to CNN, thinking he was privately patting Tom Price on the back for his latest unethical choice—buying pharmaceutical stock at deep discount prices, profiting from an industry that has systematically forced many Americans to make a choice between prescribed drugs or rent, wellness or dinner, high blood pressure or erectile dysfunction. The moral corruption of both Price and Collins is hilighted by the email.
Price will likely be confirmed by like minded politicians, to head the Department of Human Services, and as such, given the job of repealing and replacing Obamacare/The Affordable Care Act, and he will have Medicare and Medicaid in his itchy palms. How can he police what he participates in and profits from?
No politician should be legally permitted to profit from the pharmaceutical industry. Clearly it is not illegal, only unethical, and it is put in the hands of each politician to decide their priorities. Given the choice of self enrichment, or public service, Price has chosen self enrichment. How much money is enough for these…people? Donald Trump was going to “drain the swamp”, but apparently scum sucking bottom feeders are okay.
January 31, 2017