Quantcast
Connect with us

Jared Kushner owned stake in health insurance company fighting Obamacare repeal: report

Published

on

Jared Kushner held a stake in his brother’s health insurance company as its paid lobbyists fought repeal of the Affordable Care Act.

The president’s son-in-law and senior White House adviser did not list holdings in Oscar Health Insurance on his financial disclosure form because his ownership came through a stake the investment firm Thrive Capital, reported Talking Points Memo.

ADVERTISEMENT

Thrive was co-founded and managed by Joshua Kushner, who also co-founded Oscar Health Insurance to offer web-friendly insurance options to younger buyers — and White House advisers urged the president’s son-in-law to divest his shares in the Obamacare-dependent company.

“Mr. Kushner’s continuing interest in Oscar could require his recusal from a variety of particular matters that will have a direct and predictable effect on the health insurance industry,” wrote White House deputy counsel Stefan Passantino in a Jan. 25 letter.

He divested his shares in Oscar Health earlier this year, and it’s not clear how much money he had invested in his brother’s company.

Oscar’s parent company hired lobbyists in preparation to fight Obamacare repeal three weeks before the White House crafted a divestment plan for Kushner, who listed between $6 million and $11 million in Thrive Capital.

ADVERTISEMENT

It’s not clear whether he played any role in hiring those lobbyists during the presidential transition, although the White House told Talking Points Memo he had no involvement.

Multiple outlets have reported that Kushner shared his brother’s skepticism about Republican efforts to repeal the 2010 health care law.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Former FBI agent explains why Trump just opened himself to more legal problems

Published

on

Former FBI agent Asha Rangappa explained that the recent revelations that President Donald Trump made a promise to a foreign leader that made an intelligence official uncomfortable enough to declare themselves a whistleblower.

Rangapp explained that the President has a fairly wide latitude to conduct foreign affairs as he sees fit. But "when it comes to the 'outside world,' the President represents the sovereign: He is basically the voice of the United States and can negotiate with world leaders on its behalf."

Continue Reading

Breaking Banner

New York cop who became El Chapo’s security guard arrested for selling cocaine and taking bribes

Published

on

A New York cop is being prosecuted after he was outed for selling cocaine and taking bribes after he went to work for drug kingpin El Chapo.

The New York Daily News reported Wednesday that Officer Ishmael Bailey had his bail set at $50,000 after he was arrested and arraigned in Queens Criminal Court. He was charged with possession and sale of narcotics, conspiracy, bribe receiving as a public servant and failing to perform duties as a public servant.

Lawyer Jeff Cohen argued that Bailey had two children and had to pay child support. The lawyer explained that Bailey “does understand the severity of his charges.”

Continue Reading
 

Breaking Banner

A veteran teacher explains why Trump is incapable of learning

Published

on

While dyslexia has been mentioned now and then as one of the reasons Donald Trump is so ignorant of what it takes to govern in a free society, I want to explore it as foundational to his inability to learn and grow while in office—and also as a way to link disparate troubling elements in his makeup.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1. Go ad-free.
close-image