Al Gore's Firm Poised to Cash in on Obamacare Debacle
by Wynton Hall 13 Nov 2013, 11:42 AM PDT
On Tuesday, Government Accountability Institute (GAI) President and Breitbart News Senior Editor-at-Large Peter Schweizer appeared on Fox & Friends and revealed that former Vice President Al Gore and other Obama cronies are cashing in on the Obamacare debacle.
In 2004, David Blood and former Vice President Al Gore co-founded Generation Investment Management. Schweizer says despite the perception that Gore’s investments are all green energy-related, Blood and Gore’s investment portfolio is currently comprised of 27% health care investments and stands poised to score big from Obamacare.
“David Blood was a bundler for Barack Obama,” said Schweizer. “Even though they talk about being in green technology, 27% of their investment portfolio right now is in health insurance companies designed to profit from this sector.”
Blood bundled over $500,000 in campaign donations for Obama in 2012.
Schweizer, whose new book Extortion debuted at number eight on the New York Times bestseller list, said other Obama fundraisers are also cashing in on the government health care overhaul.“The same thing goes for the private equity firms,” said Schweizer. “Evercore Partners--who is headed by Roger Altman, a bundler for the Obama campaign—they are said to cash in on what everybody is saying is going to be massive mergers between hospital companies, etc. Wall Street firms need to broker those deals and a company like Evercore Partners is perfectly positioned to do that.”
Even as 4.9 million Americans are losing their health insurance plans under Obamacare, Schweizer says top Obama campaign fundraisers and insiders stand to rake in millions.
“It’s a great business for them because the law basically creates a market for products that didn’t exist before,” said Schweizer.
“Your book, Extortion, is going to open a lot of eyes,” said Fox & Friends co-host Elisabeth Hasselbeck.