The Damage Report
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Republican CORNERED As Staggering Hospital Stock Trading Before Medicaid Vote Exposed
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August 23, 2025
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5:43Now PlayingRepublican Congressman Rob Bresnahan, who ran on banning stock trading by lawmakers, gets exposed for cashing out massive hospital investments before voting on the largest medicaid cuts in history that will affect hospitals across the nation. John Iadarola and Abelina Sabrina break it down on The Damage Report. Leave a comment with your thoughts below!
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GOP Congressman Cashed Out Hospital Investments Before Voting for Biggest Medicaid Cut in History
"Congressman Rob Bresnahan, a Republican who campaigned on banning stock trading by lawmakers only to make at least 626 stock trades since taking office in January, was under scrutiny Monday for a particular sale he made just before he voted for the largest Medicaid cut in US history.
Soon after a report showed that 10 rural hospitals in Bresnahan's state of Pennsylvania were at risk of being shut down, the congressman sold between $100,001 and $250,000 in bonds issued by the Allegheny County Hospital Development Authority for the University of Pittsburgh Medical Center.
The New York Times reported on the sale a month after it was revealed that Bresnahan sold up to $15,000 of stock he held in Centene Corporation, the largest Medicaid provider in the country. When President Donald Trump signed the so-called One Big Beautiful Bill Act into law last month, Centene's stock plummeted by 40%."
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