Published July 4, 2025
quotes Veljko Fotak in an article about the suspected insider trading of a Republican congressman who sold a Medicaid-related stock before voting for Trump’s tax bill, which impacts Medicaid. “It does suggest he thought the value of the shares would tank. His position allowed him to be a better judge of that probability than you or I. He did not have clear foresight—but he did have an unfair advantage, compared to other traders,” said Fotak. “I will also say – the moral optics are made worse by the nature of the event. Profiting from inside information regarding the likelihood of legislation passing is ugly enough—when that inside information is about millions of individuals losing access to Medicare, the optics are somehow even worse…. This is Nero selling lumber while Rome is burning.”
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