2016 Postmortem
Related: About this forumHillary Clinton Got $280,000 for One Speech to Bruce Rauner’s Former Firm
Hillary Clinton Got $280,000 for One Speech to Bruce Rauners Former Firm
By Carol Felsenthal - PUBLISHED FEB. 10, 2016, AT 3:14 P.M.
On June 28, 2014, Hillary Clinton, gone more than a year from her job as Obamas secretary of state and obviously preparing to move back to the White House, traveled to her hometown of Chicago to deliver a speech to GTCR. Thats GTCR, the private equity firm that Bruce Rauner once headedthe R stands for Raunerand that earned him the millions he would use in his successful run for governor.
For that one speech, Hillary was paid $280,000almost six times the median income for American households.
This wasnt her only big-money appearance in Chicago. According to her Executive Branch Personnel Public Financial Disclosure Report, covering January 2014 through May 2015, she also spoke to the United Fresh Produce Association ($225,000) and the Advanced Medical Technology Association ($265,000).
Rauner had left GTCR in 2012. I was curious whether he had attended the speech, but email to Rauners press secretary was not answered, nor were calls and email seeking further details from GTCR and from Don Walker, president of Hillarys lecture agency.
If only we knew what she said to those GTCR executives and their clients and investors. For example, did she mention the ugly gubernatorial race that at that moment was pitting Rauner against incumbent Democrat Pat Quinn, for whom Hillary would later campaign in Chicago?...
Full article:
http://www.chicagomag.com/Chicago-Magazine/Felsenthal-Files/February-2016/Hillary-Clinton-speech-GTCR/
Some background on GTCR for those unfamiliar with GOP Governor Bruce Rauner's former company which is a multi billion dollar healthcare conglomerate that includes a wide variety of companies in the health care industry including but certainly not limited to nursing homes, hospital debt collection,and pharmaceutical companies:
According to NPR GTCR paid Hillary Clinton $780,000 in total to speak to them a few times:
~Snip~
Some Of Hillary Clinton's Honoraria
GE $225,500
National Automobile Dealers Association $225,500
Novo Nordisk $125,000
California Medical Association (via satellite) $100,000
tinePublic Inc $225,000
Xerox Corporation $225,000
Institute of Scrap Metal Recycling Industries $225,000
United Fresh Produce Association $225,000
tinePublic Inc $150,000
tinePublic Inc $100,000
Biotechnology Industry Organization $335,000
GTCR $780,000
Knewton Inc $225,000
Ameriprise $225,500
Corning Incorporated $225,500
Cisco $325,000
Cardiovascular Research Foundation $275,000
Canada 2020 $275,000
Qualcomm Incorporated $335,000
Canadian Imperial Bank of Commerce $150,000
Watermark's Silicon Valley Conference for Women $225,500
eBay Inc $315,000
Source:
http://www.npr.org/sections/itsallpolitics/2015/05/15/407117996/clintons-earned-30-million-from-paid-speeches-and-book-sales
One of the companies under the GTCR corporate umbrella has been convicted for defrauding Medicaid & The Department of Veterans Affairs:
Maxim Healthcare Pays $150 Million in Fraud Case
By DUFF WILSON SEPTEMBER 12, 2011 3:05 PM
Maxim Healthcare Services, a privately held company with 360 offices nationwide offering home health care services, has agreed to pay about $150 million to settle civil and criminal charges over claims of false billings to Medicaid and the Department of Veterans Affairs, the Department of Justice announced Monday.
In addition, nine current and former Maxim employees, including three senior managers, have pleaded guilty since 2009 to felony charges, the government said.
Federal prosecutors have been highlighting their efforts to root out health care fraud in recent years. The government has added scores of health care investigators and prosecutors since 2009.
Fraudulent billings and false statements to health officials became a common practice at Maxim from 2003 through 2009, according to a statement from the United States attorneys office in Newark, N.J.
The acts included falsification of time sheets, training records and caregiver qualifications, the government said in a criminal complaint. Most of the nine people await sentencing in the United States District Court in Trenton. Two have been sentenced to probation....
Source:
http://prescriptions.blogs.nytimes.com/2011/09/12/maxim-healthcare-pays-150-million-in-fraud-case/?_r=0
The DOJ report on Maxim's fraudulent activities:
http://www.justice.gov/opa/pr/maxim-healthcare-services-charged-fraud-agrees-pay-approximately-150-million-enact-reforms
Another company is a debt collection service for HealthCare:
http://www.huffingtonpost.com/2012/05/11/accretive-health-debt-collector-hospitals_n_1509329.html
Here's some more fun articles on GTCR and fraudulent activity:
https://www.altassets.net/private-equity-news/by-news-type/deal-news/lawsuit-accuses-gtcr-of-fraud-over-227m-aps-healthcare-sale.html
http://www.chicagonow.com/kelly-truth-squad/2014/01/company-owned-by-bruce-rauners-firm-gtcr-tried-to-cheat-employees-for-millions-lawsuit-claims/
http://www.nbcchicago.com/blogs/ward-room/5-Developments-in-Rauners-Nursing-Home-Drama-277106111.html
http://www.huffingtonpost.com/doug-ibendahl/rauners-gtcr-settled-rack_b_5375061.html
By DOUG IBENDAHL January 22, 2014
Republican gubernatorial candidate Bruce Rauner pledges to run Illinois government like a business. In light of some disturbing facts which have come to light through multiple lawsuits involving Rauners former private equity firm, voters had better do their homework into what exactly the catchphrase like a business means to Mr. Rauner.
The nursing home industry came under serious stress in the wake of the Balanced Budget Act of 1997. The law significantly changed Medicares reimbursement system. Where before Medicare had reimbursed nursing homes for their costs plus a profit, now there were strict limitations on reimbursements and new regulations on how long patients could stay in nursing homes for certain conditions.
In 2000 The Wall Street Journal said: The vultures are circling the carnage in the nursing-home industry. With some of the largest nursing-home operators under bankruptcy protection and others heading in that direction, a number of deep-pocketed investors are preparing to swoop in on the choice morsels.
Bruce Rauners Chicago-based investment firm GTCR, LLC (formerly known as GTCR Golder Rauner) decided to get in on the action and one vehicle it used was Trans Healthcare Inc. (THI). THIs launch to acquire nursing homes appealed to GTCR because a new prospective payment system for Medicare was just being implemented, said Ned Jannotta Jr., then a GTCR principal....
Source:
http://republicannewswatch.com/wp/?p=13297
Here is a complete list of all the companies GTCR owns. (I have only researched a handful of them):
AllFinancial Services & Technology Healthcare
Technology, Media & Telecommunications
Growth Business Services
Accretive Solutions
Actient Pharmaceuticals
Adra SystemsAdvanced Robotics
AETEA Information TechnologyAligned
Asset Managers
Alliant Resources Group
Alpha Q Inc.(REB Industries)
American Broadcasting (Betacom)
American Habilitation
American Healthcare
American Income Holding
American Medical Laboratories
American Mediserve
American Sanitary
AnswerThink
Anthonys Manufacturing
AppNet
APS Healthcare
Argent Healthcare
Financial Services
AspireAssuredPartners
ATI Physical Therapy Inc.
ATM Network ManagementAutomated Correspondence
B R Industries
BankServ
Barefoot Grass Lawn Service
BelvedereBenchmark Services
Benesource
Black Hawk Holding
BrienceBulk LogisticsBurnham Service
Bush C-IIICable Design Technologies Intercole)
CAK
California Fashion
Camax Systems
Cambridge Protection Industries Holdings
Capella Healthcare LLC
Cardinal Logistics Management
CCC Information Services
CellNet Technology
Cellular Network
Certus Enterprises
Cherrydale Farms
Classic Media (Boomerang Media)
Clicklogistics
Coinmach Corporation
CompBenefits Corporation
Compression Labs
Comsys Technical Services
Continental Medical Systems
Convergence
Cord Blood Registry
CrellinCrystal Products
CuraScript
Curo Health Services
Datakey
Dataspeed
Davis Vision
Delite Outdoor Advertising
Dental Health (CompBenefits)
Devicor Medical Products
Dickson Media
DigitalNet
Dimac
DRG Funding Corporation
Dynacare
E G & GEmc McdataEnvision
Financial Technologies (Users)
Ero Industries
Esquire Communications
Excaliber Tubular
ExcelerateExcelus
HRFairmount
FiderusFinancial Services Merchandising
First Systems
ForeFront Education
Frontline GroupFundtech
FutureNext Consulting
GeneraMedix Pharmaceuticals
GenpassGensar (formerly TPI)
Geographic SystemsGlobal Imaging Systems
Golden Gate Logistics
Golf Enterprises
Graceway Pharmaceuticals
Graphic Packaging
GTC Acquisition
GTC AUTOMOTIVE (discontinued IC)
Haddon Craftsmen
Hawkeye Communications
HCR ACQUISITION (discontinued IC)
Health Care Tech.
Health!
QuestHealthSpring
Heritage Golf Group
Heritage Propane
Higmark
HomeBanc Mortgage Corporation
Hospital Group of America
HSM Electronic Protection Services
InfoHighway
IntecapInternational Check Services
International Computer Graphics
InterspecInvenergyIPS Paystation
ITI Marketing ServicesIVI Management Systems (Execunet)
IxoKeystone GroupKKR
Investment PoolLab
PortalLand Lease Group
Landmark FBO Holdings
Lason SystemsLeapsource
LifeCare Management Services
LighthouseManaged Health Care Associates
Marquest Resources
Maxim Healthcare
MC Industries
Medical Care International
Medical Trans of America
MedplusMedsouth
Meridian Communications
Merlin MediaMetamor Worldwide (CORESTAFF)
MHAMorton Grove Pharmaceuticals
Mountain Valley Water
MS Financial
MSP Television
MidlandNational Computer PrintNational Equipment Services
NaviSite
New Hope Pain Centers
Nicholstone Printing
Northern Investment
NPCNSC Communications
Nu-MedOpti-CraftOtrona Advanced Systems
Ovation Pharmaceuticals
Paging Network
Palladian Financial
Paragon Family Services
Phenix Venture Acquisitions
Physicians Radio (Sage)
Polymer Group / PolyporePremium Credit Limited
Prestige BrandsPrime Succession
PrivateBancorp
Protection 1
Province Healthcare
ProximusProxy Message Center
PT ComponentsPTN Holding
QFour
Qualicare
Quantum Medical Systems
Rehab Hospital Services
Remco American
Republic Telecom
Republic Telecom Systems
Restaurant Mgmt (formerly Florida Food)Restaurant Mgmt Services
ReSurgeRisk Management AlternativesSage Broadcasting
Scandia DownSelect Medical Corporation
Service NetShadhill
ShapeSherwood Hennes Broadcasting
Six3 Systems
Skylight Financial
Solera
Sorenson Communications
Southern FoodsSovereign
Specialty Chemicals
Student Transportation of America
Sullivan Graphics
Summit Oilfield
Swergold Chefitz & Sinsabaugh
Synagro Technologies
Syniverse Technologies
SystemsNet, Inc.
TFS AcquisitionThe Newtrend Group
TNSTrans Healthcare, Inc.
Transaction Network Services
TransFirst
Transform Logic
TriadU.S. AggregatesU.S. Security
Ullo International
US FleetVanteon
VecTour (Travelways)
VeriFone
Vicom Systems
Vigic
Vista Information TechnologiesVLI Corporation
Wallace Theater Corporation
Willow Springs Prem
WaterWilton Brands
Zefer
Zenlogics
Zenta
Rosa Luxemburg
(28,627 posts)think
(11,641 posts)amborin
(16,631 posts)Kittycat
(10,493 posts)Please google what that shitbag is doing to IL!
think
(11,641 posts)Rauner...
Hoyt
(54,770 posts)around and supports Pat Quinn who is running against Rauner for governor.
To me that proves Clinton is not beholding to folks like Rauner, Goldman Sachs, or even the American Camping Association that she spoke before too.
I'm not sure I see the problem here.
think
(11,641 posts)Hillary is smart enough to know who GTCR is and what their companies have done in regards to violations of the law.
The main company GTCR was recently involved with a nursing home scandal:
By DOUG IBENDAHL January 22, 2014
Republican gubernatorial candidate Bruce Rauner pledges to run Illinois government like a business. In light of some disturbing facts which have come to light through multiple lawsuits involving Rauners former private equity firm, voters had better do their homework into what exactly the catchphrase like a business means to Mr. Rauner.
The nursing home industry came under serious stress in the wake of the Balanced Budget Act of 1997. The law significantly changed Medicares reimbursement system. Where before Medicare had reimbursed nursing homes for their costs plus a profit, now there were strict limitations on reimbursements and new regulations on how long patients could stay in nursing homes for certain conditions.
In 2000 The Wall Street Journal said: The vultures are circling the carnage in the nursing-home industry. With some of the largest nursing-home operators under bankruptcy protection and others heading in that direction, a number of deep-pocketed investors are preparing to swoop in on the choice morsels.
Bruce Rauners Chicago-based investment firm GTCR, LLC (formerly known as GTCR Golder Rauner) decided to get in on the action and one vehicle it used was Trans Healthcare Inc. (THI). THIs launch to acquire nursing homes appealed to GTCR because a new prospective payment system for Medicare was just being implemented, said Ned Jannotta Jr., then a GTCR principal....
~Snip~
From another article on the verdict: The case went beyond the nursing homes extreme negligence that resulted in Townsends death and revealed its investors had conspired to run the nursing home chain into insolvency without any regard to residents care. Evidence showed the investors that included . . . multi-billion dollar Chicago private equity fund GTCR Golder Rauner, LLC set out to build their empire through a series of mergers and acquisitions with the ultimate goal of taking the company public, cashing out and making a lot of money. Not one person on the Board of Directors was a health care official which resulted [in] poor care for residents at some of their locations.
Source:
http://republicannewswatch.com/wp/?p=13297
Hoyt
(54,770 posts)a lot of that, but people are too petty to admit it.
think
(11,641 posts)a multi billion dollar holding company that makes billions from the health care industry.
A company that is known to have engaged in defrauding Medicare and many other shady dealings. At the very least the optics are terrible.
Nitram
(22,822 posts)Clinton doesn't support single payer because she supports strengthening the successful Obamacare program instead, building on accomplishments we worked hard for. Such as 16 million more people covered by health insurance, pre-existing conditions not a bar to coverage, refunds to customers if the company doesn't spend enough on actual health care, etc.
think
(11,641 posts)happen.
The ACA is better than when insurance companies were denying coverage and letting people die but it still leaves 30 million uninsured and millions more with deductibles that would be financially devastating.
If the over whelming majority of other industrialized nations can provide universal healthcare why can't America do so also?
whatchamacallit
(15,558 posts)Some people are too deluded to admit it.
Fuddnik
(8,846 posts)They're called bribes.
Hoyt
(54,770 posts)840high
(17,196 posts)whatchamacallit
(15,558 posts)But, to be fair, Hillary didn't know she would be running for president then.
global1
(25,253 posts)a paid speech to Rauner's company will lose her the Illinois primary. Most people in Illinois despise Rauner and have buyers remorse from voting for him. If this fact gets out to Illinois voters it will kill Hillary's chances in Illinois. The voters won't take a chance at having buyers remorse for her too.
It's looking like she plays both sides of the fence here. What was that saying by Dubya? Fool me once and you won't fool me again - or something like that. Illinois voters won't be fooled again.
In my opinion - this revelation just killed all my respect for Hillary. If she won the Dem nomination I was prepared to hold my nose for her. Now I'm not sure what I'd do. I do know I'm going to double down and make another donation to Bernie and work all the harder to make him our nominee.
Go Bernie!!!
Feel the Bern!!!!
AzDar
(14,023 posts)youceyec
(394 posts)When was the last time a pres candidate was hounded about paid speeches? Oh that's right, never.
#sexismLives
She has been smashing double-standards birth.
Peace Patriot
(24,010 posts)...It's that Bernie Sanders ISN'T.
And as a 70 year old woman, a loyal Democrat all my life, and an active Democrat since I was 16 (JFK campaign, 1960) and a feminist longer than most women, I resent you saying that Sanders' supporters oppose Clinton's corruption because she is a woman.
I would love to see a woman president before I die. You better believe it, honey. I can remember, at 16, thinking that I could be Jackie but NOT Jack when I grew up, as far as role models went. I could NOT become president; only a president's wife. That's how bad things were. We pioneers CHANGED the expectations of young women! And you cannot know how much we want those expectations to result in a woman becoming president.
But not this one! She is going to drag the cause of feminism through the mud, and get it equated with greed, corruption and lies. Not to mention WAR! My God, she's got Henry Kissinger as an adviser (and close friend!). Do you have any idea what those of us who are in our 70s went through with that murderous bastard? Do you have any idea what his fascist allies in South America DID to leftist women in those countries, with his knowledge and approval? Do you have any idea how many women and children he incinerated in Southeast Asia? Any notion of what it meant to women here to lose their husbands, brothers, sons, in that terrible, senseless, military profiteer war?
Further, Clinton and her husband are responsible for crushing the hopes and lives of millions of women, by their advocacy of "free trade for rich" agreements that have sent U.S. manufacturing, and millions of jobs, overseas to the cheapest labor markets, by jailing millions of people here with their goddamned "war on drugs" and their for-profit prisons, destroying families and communities all over this country, and with welfare "reform" that also destroyed women's lives and their families and communities, and then--and then!--they removed the New Deal regulations that would have prevented the crash of 2008! Do you have any idea how many women's incomes and homes were destroyed by that crash?
And now she's getting hundreds of thousands of dollars from the entities who prospered in the crash--the ones who caused it. Our money. Our bailout money!
No, not this woman. No, no, no. Give me an honest person and a real Democrat, man or woman! It's nothing to do with gender. And when that glorious day comes when a woman finally becomes President of the United States, let it be a woman of integrity who seeks the common good.
think
(11,641 posts)KoKo
(84,711 posts)Fumesucker
(45,851 posts)msanthrope
(37,549 posts)think
(11,641 posts)Good for her....
Laughing Mirror
(4,185 posts)Buying influence, buying votes.
It's a good racket the Clintons have going on. Highly successful.
Jefferson23
(30,099 posts)Obscene doesn't even cover it.
Robbins
(5,066 posts)so called dem clinton associates with a republican.
redstateblues
(10,565 posts)think
(11,641 posts)And why this might seem like a huge conflict of interest to take $280,000 for one speech to a company that has a vested interest in keeping American health care just as it is?
Medicare fraud concerns me. Does it concern you?
polly7
(20,582 posts)I guess at the time she didn't know how harmful it would have been.
matt819
(10,749 posts)It's okay if you're a clinton?
You know, in some sense she appeals to the cohort in the Democratic Party that is the counterpart to the low information Republican voter who throws his support behind a rich white New Yorker who holds the poor in something less than contempt. Some day that voter will be earning $300,000 per speech. Sheesh!
coyote
(1,561 posts)Why anyone supports her is beyond me.
libtodeath
(2,888 posts)KoKo
(84,711 posts)The same organization also had Joe and Mika of "Morning Joe" there the year before to give a performance. It is the largest convention for U.S. Med Tech and some participants wondered what Past Politicians and "Morning Joe" had to do with the product management the Med Tech companies were there to discuss.. Some walked out of the "Morning Joe" performance complaining about that.
This wasnt her only big-money appearance in Chicago. According to her Executive Branch Personnel Public Financial Disclosure Report, covering January 2014 through May 2015, she also spoke to the United Fresh Produce Association ($225,000) and the Advanced Medical Technology Association ($265,000).
MisterP
(23,730 posts)but we're not allowed to criticize them because ??????