Jeb Bush Has an Obamacare Problem

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From Politico:

Jeb Bush is stepping down from the board of a health care company that has reportedly profited from Obamacare, a move that comes as the Republican explores a run for the presidency.

According to various media reports, Tenet backed President Barack Obama’s health reform act and has seen its revenues rise from it. Bush’s involvement with Tenet could give ammunition to conservatives in the GOP who view him as too moderate — particularly those who despise the Affordable Care Act.

I can’t help but get a chuckle out of this. In normal times, Bush would have left Tenet because it’s a big, soulless corporation that’s paid fines for Medicare fraud and been criticized for dodgy tax practices at the same time it was beefing up executive pay. A man of the people who aspires to the Oval Office can’t afford to be associated with this kind of dirty money.

But no. At least if Politico is to be believed, this isn’t really an issue in the GOP primary. What is an issue is that Tenet might have profited from Obamacare, which in turn means that Jeb may have profited from Obamacare. Even if it’s a double bank shot, that’s dirty money in tea party land.

Of course, Jeb also has some of the more conventional plutocratic image problems:

Soon after his tenure as governor ended, Bush became an adviser to Lehman Brothers and, later, Barclays….In May 2013, Bush set up Britton Hill Holdings and dove into the private equity business….Bush’s first fund invested in Inflection Energy….His next one, BH Logistics, raised $26 million this spring from investors including China’s HNA Group….Bush’s newest fund, [U.K.-based] BH Global ­Aviation, is his largest and most complicated. It deepens his financial ties to China and Hainan….“In many deals, the U.K. ­effectively serves the same function as the Cayman Islands or Bermuda,” Needham says. “It’s like a tax haven, except it’s the U.K.”

Plus there’s the fact that Jeb stayed on as an advisor to Barclays for years after it was fined for illegally trading with various blacklisted countries, notably including Cuba and Iran. If being on the board of a company that profited from Obamacare is a problem, surely this is at least equally bad. The attack ads write themselves, don’t they?

Anyway, apparently Jeb is now in cleanup mode:

“These are all growth investments that the governor has worked on,” said Bush’s spokeswoman, Kristy Campbell….Campbell said the 61-year-old former governor is “reviewing all his engagements and his business commitments” now that he’s begun to focus on a potential race. “That’s a natural next step,” she said.

Indeed it is. On the other hand, Mitt Romney severed most of his ties with Bain Capital a full decade before he ran for president, and just look at how much good that did him. Jeb probably isn’t out of the woods yet.

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WHO DOESN’T LOVE A POSITIVE STORY—OR TWO?

“Great journalism really does make a difference in this world: it can even save kids.”

That’s what a civil rights lawyer wrote to Julia Lurie, the day after her major investigation into a psychiatric hospital chain that uses foster children as “cash cows” published, letting her know he was using her findings that same day in a hearing to keep a child out of one of the facilities we investigated.

That’s awesome. As is the fact that Julia, who spent a full year reporting this challenging story, promptly heard from a Senate committee that will use her work in their own investigation of Universal Health Services. There’s no doubt her revelations will continue to have a big impact in the months and years to come.

Like another story about Mother Jones’ real-world impact.

This one, a multiyear investigation, published in 2021, exposed conditions in sugar work camps in the Dominican Republic owned by Central Romana—the conglomerate behind brands like C&H and Domino, whose product ends up in our Hershey bars and other sweets. A year ago, the Biden administration banned sugar imports from Central Romana. And just recently, we learned of a previously undisclosed investigation from the Department of Homeland Security, looking into working conditions at Central Romana. How big of a deal is this?

“This could be the first time a corporation would be held criminally liable for forced labor in their own supply chains,” according to a retired special agent we talked to.

Wow.

And it is only because Mother Jones is funded primarily by donations from readers that we can mount ambitious, yearlong—or more—investigations like these two stories that are making waves.

About that: It’s unfathomably hard in the news business right now, and we came up about $28,000 short during our recent fall fundraising campaign. We simply have to make that up soon to avoid falling further behind than can be made up for, or needing to somehow trim $1 million from our budget, like happened last year.

If you can, please support the reporting you get from Mother Jones—that exists to make a difference, not a profit—with a donation of any amount today. We need more donations than normal to come in from this specific blurb to help close our funding gap before it gets any bigger.

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