"As a member of the Senate Finance Committee's Subcommittee on Health, Kerry played a key role in shaping President Obama's healthcare reform legislation in 2009 while also raking in cash from healthcare investments.
Here's how he did it, according to Schweizer:
As passage Obamacare seemed more likely, Kerry bought nearly $750,000 in Teva Pharmaceuticals stock, one of several big drug companies that benefitted from the health care bill. When the bill was signed in 2010, the Kerrys sold some of their Teva shares, making tens of thousands of dollars in capital gains. They kept more than $1 million worth of Teva stock.
In 2009, the Kerrys also picked up shares in ResMed, a medical device manufacturer that was a big winner in the healthcare reform battle. In early versions of the bill, medical device companies would have been subject to higher taxes. Kerry opposed the taxes, and the fees were much lower in the final version. ResMed's stock rose 71% when the bill was passed.
The Kerrys also invested in hospital supplier Thermo Fisher Scientific, a major beneficiary of the healthcare bill. The stock jumped 40% after Obamacare passed.
At the same time, the Kerrys dumped all of their investments in the health insurance industry, including shares in United Health and Wellpoint . Needlesstosay, healthcare providers were the biggest losers in Obamacare.
Shocked. Shocked, I tell you.