Monday, January 2, 2012

Santorum's UHS Adventure

After retiring from the U.S. Senate, Rick Santorum joined the Board of Directors of Universal Health Services, a for-profit hospital chain.   SEC filings show his board pay. 

2007-  $   50,412
2008 - $  77,958
2009-  $   45,000
2010 - $176,402
    Total  $ 349,772

Rick Santorum resigned from the UHS board on June 15, 2011 with $2.3 million in gross holdings from stock and options.

A 2008 SEC filing noted Santorum's post-public service work:

Consultant to the law firm of Eckert Seamans Cherin & Mellott, LLC, Washington, D.C. Senior fellow at the Ethics and Public Policy Center, Washington, D.C.
Eckert Seamans press release on hiring Santorum mentioned health care.

Mr. Santorum was a strong supporter of the establishment of Health Savings Accounts (HSAs), which are giving millions of Americans ownership over their health insurance options. And as a member of the Senate Finance Committee, he was instrumental in helping more than a dozen Pennsylvania hospitals obtain the necessary Medicare reimbursements to ensure that hundreds of their doctors, nurses and staff can continue serving patients.
Later UHS filings showed Santorum as President of Mpower Media, LLC in Reston, Virginia.

Mpower Media was founded by Ken Ferguson and Steve McEveety to allow parents to control the media content their children are exposed to on television and the Internet. Mpower provides families with a box to plug into existing cable and Internet connections, and then families can customize the content their children are exposed to.

Santorum's BigThink's bio cited his role as Vice President of Business Development for MPower.  Oddly, the company's website says "coming soon,"  which might not be the best tag line for a firm trying to stamp out porn.

America faces many addictions at this juncture, money, power, sex.  Politics frequently is the conjunction of all three.  Is that why UHS President stated, "Rick’s guidance and stewardship will be sorely missed”?