GOP lawmaker caught dumping Medicaid provider stock before megabill vote
Rep. Rob Bresnahan (R-PA) was caught selling stock for a company providing Medicaid exchanges just days before President Donald Trump's so-called "One Big Beautiful Bill" was expected to pass with drastic cuts to the program.
Quiver Quantitative first reported that Bresnahan recently began selling his shares of Centene, which acts as an intermediary for government-sponsored healthcare programs.
"The stock has now fallen 43% since his sale," Quiver revealed on Thursday.
Rep. Melanie Stansbury (D-NM) slammed Bresnahan for the move.
"This Congressman literally dumped stock in a Medicaid provider company right before this bill came to the Floor," Stansbury wrote Thursday on X. "Don’t be fooled—these guys know exactly what they’re doing."
Over 10 million people were expected to lose health care after the president signed the spending bill.