Jeb Bush Quits Job At Company That Profits From Obamacare

| by Edward Arnold

The Jeb Bush for President rumors are starting to really heat up.

In his latest move to poise himself for a 2016 presidential campaign, Bush has resigned from the board of Tenet Healthcare Corporation, a company that has significantly profited from Obamacare.

From announcing that he will release emails from when he was governor of Florida to writing on Twitter that he will be actively exploring a run for President, this is the next move to make: quitting his job.

Bush, who has served on the board of directors since 2007, has seen the company's stock price rise from $23.24 to $63.27 since the enactment of the Affordable Care Act.

Tenet is the third-largest publicly traded hospital chain in the U.S. with 80 hospitals in 14 states. The Washington Post reports that their third-quarter earnings were up 6 percent to $4.18 billion.

Bloomberg reported in 2013 that Tenet CEO Trevor Fetter expects every state to embrace the Obamacare mandate.

“Governors are facing increasing pressure to expand the program from hospitals in their states that provide millions of dollars in unpaid care to the uninsured, and from businesses struggling with rising premiums,” Fetter said.

As for Bush, he has been against the Affordable Care Act, despite his company attributing 40 percent of its profits to the law.

In an interview with ABC in October of 2013, Bush said, "Obamacare, flawed to its core, doesn't work."

Regardless of what Bush has said as a director of a company that has directly profited from the ACA, he will most certainly be questioned on this issue. From Democrats, he is going to be hammered with facts from Tenet that Obamacare works and is profitable. From Republicans, opponents will use his seven-year tenure in the company as proof that he supports the law.

Sources: CBS News, The Washington Post, Twitter, Bloomberg, ABC / Photo Credit: Politico