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Political intelligence firms set up investor meetings at White House

Posted By admin On May 27, 2013 @ 10:09 am In Featured Stories | Comments Disabled

Tom Hamburger
Washington Post [1]
May 27, 2013

Wall Street investors hungry for advance information on upcoming federal health-care decisions repeatedly held private discussions with Obama administration officials, including a top White House adviser helping to implement the Affordable Care Act.

The private conversations show that the increasingly urgent race to acquire“political intelligence [2]” goes beyond the communications with congressional staffers that have become the focus of heightened scrutiny in recent weeks.

White House records show that Elizabeth Fowler, then a top ­health-policy adviser to President Obama, met with executives from half a dozen investment firms in 2011 and 2012. Among them was Kris Jenner, a stock picker with T. Rowe Price [3] Investment Services who managed its $6 billion Health Sciences Fund [4].

Separately, an officialin the agency that oversees Medicare and Medicaid spoke in December with managers of hedge funds, pension plans and mutual funds in a conference call. The official, Andrew Shin, was pressed during the 50-minute call for information about upcoming Medicare decisions but declined to discuss matters still under agency review, according to people familiar with the call.

Full article here [1]


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URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/politics/political-intelligence-firms-set-up-investor-meetings-at-white-house/2013/05/26/73b06528-bccb-11e2-9b09-1638acc3942e_story.html

[2] political intelligence: http://www.washingtonpost.com/politics/political-intelligence-industry-in-washington-under-scrutiny-amid-federal-inquiry/2013/05/02/e284e08e-b364-11e2-9a98-4be1688d7d84_story.html

[3] T. Rowe Price: http://washpost.bloomberg.com/marketnews/stockdetail/?symbol=TROW

[4] Health Sciences Fund: http://washpost.bloomberg.com/market-news/funddetail/?symbol=PRHSX

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