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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJeb! trashes Obamacare in public, but privately made a cool half million off it
http://www.dailykos.com/story/2015/07/01/1398372/-Jeb-trashes-Obamacare-in-public-but-privately-he-made-a-cool-half-million-off-it?detail=facebook#Wed Jul 01, 2015 at 11:14 AM PDT
Jeb! trashes Obamacare in public, but privately made a cool half million off it
by Kerry Eleveld
Jeb! has called Obamacare "flawed to its core" on several occasions, but apparently it wasn't too flawed for him to make a handsome profit from. Josh Barro reports.
According to tax returns released by Mr. Bushs campaign on Tuesday, he sold $1,103,424 worth of stock in Tenet Healthcare in September and October of 2013, yielding a capital gain of $556,283. It hadnt taken Mr. Bush long to double his money he was selling shares he had acquired in 2010 and 2011.[...]
Mr. Bush served as a director of Tenet from 2007 to 2014, and like other directors, he was required as a condition of his employment to hold a significant investment in Tenet.
Mr. Bushs tax returns reflect a gain of 105 percent on Tenet stock he acquired in May 2011 and sold in October 2013. Tenet shares actually gained 68 percent over that period; Mr. Bushs higher gain may be related to his receipt of restricted stock grants. Still, Tenets 68 percent gain was much stronger than the 26 percent overall gain for the S.&P. 500 index over the same period.
Mr. Bush served as a director of Tenet from 2007 to 2014, and like other directors, he was required as a condition of his employment to hold a significant investment in Tenet.
Mr. Bushs tax returns reflect a gain of 105 percent on Tenet stock he acquired in May 2011 and sold in October 2013. Tenet shares actually gained 68 percent over that period; Mr. Bushs higher gain may be related to his receipt of restricted stock grants. Still, Tenets 68 percent gain was much stronger than the 26 percent overall gain for the S.&P. 500 index over the same period.
And why did Tenet's stocks outperform other stocks? Because investors anticipated that Obamacare would make hospitals more profitable, with increased usage and fewer payment defaults by uninsured patients.
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Jeb! trashes Obamacare in public, but privately made a cool half million off it (Original Post)
babylonsister
Jul 2015
OP
shenmue
(38,506 posts)1. From the Stephanie Miller Show:
babylonsister
(171,065 posts)3. lol! Pretty much! nt
Wellstone ruled
(34,661 posts)2. But but,can admit I made a ton on ACA.
My base would not understand,they might think I done something wrong and won't vote for me.