FRONT PAGE CONTRIBUTOR
Rep. Jan Schakowsky (D, IL-09), insurance industry profiteer.
This came up a couple of days ago:
…while Rep. Schakowsky likes to attack health insurance profits, those profits have found a way into her own pocket. Her 2008 financial disclosure statement to the U.S. House of Representatives reveals that she owns several mutual funds that, in turn, own stock in major health insurance companies and provide her with dividend income.
Through her mutual funds, Schakowsky has a stake in UnitedHealth, the biggest health insurance company in America. She also profits indirectly from Aetna, the third-largest U.S. health insurer, as well as online insurance retailer eHealth. Rep. Schakowsky even owns mutual funds that hold shares in foreign insurance companies, such as China Life Insurance and Ping An Insurance Group of China, as well as the Islamic Arab Insurance Co., which specializes in Shari’ah compliant funds.
In addition, Rep. Schakowsky’s mutual funds own shares in other companies and industries that she has singled out in the past, according to the most recent information available.
Back when Robin Williams was funny – back when I was a teenager, in other words – he was in a movie with Walter Matthau called The Survivors. One of the characters in it was the leader of what Hollywood imagined a survivalist group looked like; he went everywhere with a locked briefcase full of what he claimed was his master plan for rebuilding after civilization collapsed. Turned out that the briefcase was really full of stock certificates and land deeds that the guy bought with all the money that his followers were uncritically giving him.
And that’s Jan Schakowsky, right there. Heck, she even invested in funds that own a piece of Halliburton.
PS: Not benefiting from the health insurance industry and Halliburton profits that she decries would be part of her loudly-expressed moral framework, not mine. It’s her job to either live up to her ideals, or else admit that she doesn’t try to. Yelling at me won’t make her less of a hypocrite.
Deal with it.
PPS: Joel Pollak is running for this seat; there may be others.
Crossposted to Moe Lane.