Sunday, May 1, 2016

DeParle Profits Personally Post Health Reform


White House health reformer Nancy-Ann Deparle made millions from for-profit healthcare companies prior to her appointment by President Barack Obama.  Three years after her White House resignation DeParle is back to same.  Board seats with hospital giant HCA and drug retailer CVS produced ample cash and significant stock positions worth nearly $1.8 million.  That does not include any pay or proceeds from Consonance Capital, her health care focused private equity underwriter (PEU).

Update 5-3-16:  ZeroHedge reported "Obamacare did not reform health care system; it merely transformed it to subsidize favored constituents."  Yup.