Wednesday, May 27, 2015

How hospitals, coal made Santorum a millionaire (Update)

Bloomberg shows how the ex-PA Senator and GOP presidential hopeful used his business connections after voters turned him out.

How hospitals, coal made Santorum a millionaire (Update)

Director fees from Universal Health, lobbying fees from coal operator Consol Energy and law pay from Eckerd Seamans helped ex-Sen. Rick Santorum turn his Washington connections into millions in personal income, Bloomberg reports here.

As I've previously reported, Santorum collected fat board payments fom Universal, the King of Prussia mental-health and community hospital chain which makes most of its money from taxpayers via Medicare and Medicaid, even as he claims to oppose more taxpayer subsidies for healthcare. My colleague David Sell reviews Santorum's apparent contradictions here.

And for those of my respected PA Republican readers who've contacted me about your concerns "the media" only bashes GOP candidates who cash in on their political connections, here's a summary I wrote a little while back on Democrat Ed Rendell's lucrative private sector moves.

Or, going further back, this piece on turncoat former US Sen. Arlen Specter and his fortuitous stock market moves. Also these items on Delaware's Bidens, for example, here, here, here.

More coverage
 
CityPaper Archive: The path of the righteous man
 
The Santorum that America doesn't know
 
Hospitals, coal made Santorum a millionaire
 
What Santorum Meant to Say
 
Santorum in a sweater vest: Turn-off or turn-on?
 
Outsourcing Santorum
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano