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Report: 30 Lawmakers Have Financial Holdings in Healthcare Industry

HeadlineJun 15, 2009

The Washington Post has revealed almost thirty key lawmakers helping draft landmark healthcare legislation have financial holdings in the industry, totaling nearly $11 million worth of personal investments. Senate Majority Leader Harry Reid has at least $50,000 invested in a healthcare index. Republican Sen. Judd Gregg, a senior member of the health committee, has up to $560,000 worth of stock holdings in major healthcare companies, including Bristol-Myers Squibb and Merck. The family of Democratic Congresswoman Jane Harman held at least $3.2 million in more than twenty healthcare companies at the end of last year. On Tuesday, the Senate Health, Education, Labor and Pensions Committee plans to hold a key hearing to discuss healthcare reform. On that twenty-two-member panel, at least eight senators have financial interests in the healthcare industry. The hearings will be led by Democratic Senator Christopher Dodd, whose wife serves on the boards of four healthcare companies. She received more than $200,000 in salary and stock from her service last year.

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