The former Florida governor made over $2 million from a hospital conglomerate’s Obamacare-driven growth. Now, as he prepares to run for president, he says the law should be repealed.
In early 2007, Tenet Healthcare Corp., the giant, publicly traded hospital conglomerate, was reeling. The previous year, the company had been forced to agree to a $900 million settlement with the Justice Department in a Medicare-fraud scandal. Seeking to improve its reputation, Tenet turned to Jeb Bush, offering the former Florida governor a seat on its board of directors. In the more than seven years Bush served on Tenet’s board, the company executed a remarkable turnaround, emerging from the scandal into a period of expansion that returned it to the top of the health-care industry. Bush himself benefited handsomely from the growth.