News · Press Release

Rob Bresnahan Dumped Up to $250,000 in Pennsylvania Hospital Bonds Before Voting to Gut Medicaid and Jeopardize Rural Hospitals

NYT: Bresnahan “has traded stocks that could be affected by his work in Congress, raising questions about potential conflicts of interest”

Rob Bresnahan may have hit a new low.

The stock-trading congressman is facing scrutiny after reporting from earlier this week revealed that Bresnahan dumped up to a quarter million dollars in local hospital bonds after a report identified 10 rural hospitals across Pennsylvania that could close due to Medicaid cuts.

The New York Times reported:

“On March 27, for instance, Mr. Bresnahan sold off between $100,001 and $250,000 worth of bonds issued by the Allegheny County Hospital Development Authority for the University of Pittsburgh Medical Center.

The sale came after a report identified 10 rural hospitals in Pennsylvania that faced immediate risk of closure, and a month after Mr. Bresnahan voted for the House budget resolution that paved the way for large Medicaid cuts.”

DCCC Spokesperson Eli Cousin:
“Rob Bresnahan is voting to screw over hardworking NEPA families in Washington while he plays the stock market. His vote to jeopardize Pennsylvania’s rural hospitals was already bad enough, but the fact that he may have cashed in as he inflicts pain on his own community is disgusting.”

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