Tag Archives: charter planes

A Deal at Any Price

Tom Price, the Health and Human Services Secretary, has been criticized for flying on charter jets. He spent about $ 60,000 of HHS money on 5 flights in just one weekend.  The one that has gotten the most publicity was his round trip flight from DC to Philly and back. For $25,000. That is about 150 miles each way or 3 hours by car.

Now, this is the same Tom Price who had the best luck in the world when he was on the Senate committee responsible for Health issues. Just by chance, his broker bought him a ton of stocks in a company called Zimmer Biomet. This happened just two weeks after Tom introduced a bill called the HIP act.

Now for those of you with all your appendages intact that may not mean much. But the HIP Act (which should have been called the SLIP Act) deregulated the the hip and knee joint replacement industry. I mean, really, should an artificial limb replacement need regulations? I guess they are warranted for the life (good luck) of the owner!

Well, it so happens that Zimmer Biomet  is a supplier of….(drum roll)… hip and knee joint replacements. Like I said, when it comes to investments Tom is one lucky guy.

(To be fair, the HIP Act was so bad that even the GOP Congress has not yet taken it up).

But, back to charter flights. This must be a different Tom Price than the Georgia Senator who castigated the Democrats for proposing buying 8 passenger planes. Wasteful. That Tom Price said the US government should not buy any. Zero. Government employees should be flying on commercial flights. Tighten those belts you spendthrifts.

Senator Tom Price meet HHS Secretary Tom Price.

So, some perspective. Perhaps it is worth it to keep Tom flying hither and yon. Keep him out of DC where he can only do more damage. Perhaps his broker has recently bought some stock in the charter plane industry. Gee. I wonder if he wants to deregulate safety inspections on charter planes. It would streamline the industry.

A final note: Tom landed and spent the day in Pennsylvania. Minimum wage in Pennsylvania is $ 7.25 per hour. A full time worker in PA who decided to treat Tom to this round trip airfare would have to work 86 weeks to earn that much. Before taxes.

If he or she started working now and took no vacations they could pay off Tom’s airfare bill by the end of May, 2019. Unless he or she got sick. Because Tom doesn’t believe in the working poor getting coverage under Obamacare. Too costly!

 

 

 

https://www.cnbc.com/2017/09/20/hhs-sec-tom-price-once-slammed-congress-private-jets.html

http://www.politico.com/story/2017/01/tom-price-healthcare-stock-conflicts-233823

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