Jeb Bush Profited From Obamacare

New York Times: One of Jeb Bush’s financial endeavors “included serving as a paid director to the hospital company Tenet Healthcare, which backed President Obama’s Affordable Care Act. The position invited questions for Mr. Bush, who as a candidate opposes the health care law.”

“Mr. Bush profited handsomely from his Tenet shares. According to the newly released tax returns, Mr. Bush acquired $441,203 worth of stock in Tenet Healthcare in May 2011. The stock doubled in value by the time he sold it in October 2013, earning him a profit of $462,013 in just 29 months.”

“Like other hospital stocks, Tenet rose sharply from October 2012 through March 2013, when President Obama’s re-election made it likely that the health care law would be carried out. The law was considered a boon for hospitals because it was expected to increase business and reduce the expense of caring for uninsured patients who could not pay their bills. Mr. Bush resigned from the Tenet board in 2014 when he was preparing for his presidential campaign.”

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