What former HHS Secretary Shalala says she did with profits from UnitedHealth stock
A newly filed financial disclosure shows that Shalala, a leading Democrat in the campaign to replace
Though her relationship with UnitedHealth is well-known, the extent of Shalala's continued investment in the company -- and her sale of more than
Shalala is running in the Democratic primary against
"It is now clear that
Shalala bristled Tuesday when asked if her financial stake in the industry influenced her public positions.
She has said she doesn't support the bill Richardson mentioned because it lacks provisions for nursing-home care and home healthcare and other forms of "long-term care." She supports a public healthcare option over Medicare for All, she says, because she wants to ensure people won't be forced to give up private health plans in order to adopt less comprehensive public insurance.
Shalala told the
"It doesn't. It never has. I've never changed my position on universal healthcare from the time I've been working on the issue. Literally from the time I've been working on the issue," she said. "I've been working in healthcare a long time and I've been teaching the politics and economics of healthcare for 30 years. So I'm considered an expert on the policy issues."
Shalala wasn't sure exactly how much stock she continues to own in UnitedHealth, but said it's much closer to
"I gave it away. I gave it to lots of people. Lots of people," she said. "I've given away my fees for years."
According to her disclosure, Shalala is also invested in an array of companies through mutual funds and investment accounts, and holds a significant amount of her wealth in the Wisconsin Retirement System, and a 457(b) plan through the
Shalala also holds small investments in the energy sector, including FT North American Energy,
Last year, she disclosed
Shalala, who filed her disclosure after receiving two extensions, is easily the wealthiest of the five
In disclosures filed in June,
Hepburn, an academic adviser with the
Richardson's assets are worth between
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