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Tom Price
Former HHS Secretary
Healthcare Insider Trader and Private Jet Abuser
Overview
Tom Price served as HHS Secretary for less than eight months before resigning over revelations that he used taxpayer-funded private charter flights costing over $1 million while simultaneously trading health care stocks as a congressman and making legislative decisions that directly affected those investments.
Key Affiliations
Controversies & Concerns
Used taxpayer-funded private charter flights 26 times at a cost exceeding $1 million while HHS Secretary
Traded over $300,000 in healthcare company stocks while serving on committees with jurisdiction over those companies
Purchased stock in Zimmer Biomet, a medical device company, days before introducing legislation that would benefit the company
Resigned under pressure after Politico exposed the scale of charter flight spending
Repaid only $51,887 of the $1 million in charter flight costs, representing his "seat cost" only
As House Budget Committee chairman, pushed ACA repeal that would have benefited his stock holdings in healthcare companies
Related Investigations (4)
Cabinet Ethics ScandalsEthics Violations
Tier 4
highTrump Administration Corruption: The Grift That GovernedPolitical Corruption
Tier 3
highTrump First Administration: Four Years of Constitutional CrisisPolitical Corruption
Tier 3
criticalTrump Personal Corruption: Decades of Fraud, Tax Evasion, and Self-DealingFinancial Crime
Tier 3
criticalKnown Associates & Connections
Donald Trump
President who appointed Price and called his travel costs "disappointing" before accepting resignation
Sources & Documentation
3 documented sources from official records, investigations, and reports
Politico: Tom Price Charter Flight Investigation(2017)
HHS OIG: Review of Secretary Price Travel(2018)
CNN: Price Stock Trading Timeline(2017)
Personal Information
- Born
- 1954-10-08
- Birthplace
- Lansing, Michigan
Education
- •B.A., University of Michigan (1976)
- •M.D., University of Michigan Medical School (1979)
Key Timeline
2005
Entered Congress representing Georgias 6th district
2016-03
Purchased Zimmer Biomet stock; days later introduced bill benefiting orthopedic device makers
2017-02
Confirmed as HHS Secretary despite stock trading concerns raised in hearings
2017-09
Politico reported 26 private charter flights at taxpayer expense since May 2017
2017-09-29
Resigned as HHS Secretary; repaid only his seat cost of $51,887
2018
HHS Inspector General report confirmed improper travel spending