Imagine that, another nominee with some major
baggage. Looks like Medicare and Medicaid are on the chopping block thanks to BushCo's reckless fiscal management. The rich will get their tax cuts and grandma will struggle to make ends meet.
More below fold...
Before becoming governor, he was chief operating officer of the Leavitt Group, a family insurance firm in which he maintains an investment worth between $5 million and $25 million, according to a financial disclosure report he filed in 2003.
The company owns 100 independent insurance agencies that sell supplemental Medicare policies, among other insurance products, according to company literature.
The Medigap policies account for less than 1 percent of company revenues, said Dane Leavitt, the president and CEO. He is Michael Leavitt's brother.
"I have never had a discussion with him on any of those topics and I don't anticipate having one," Dane Leavitt said.
Michael Leavitt also has small stakes in pharmaceutical makers Johnson & Johnson and Merck & Co., and in medical equipment maker Medtronic Inc. Each investment was worth less than $15,000, according to the 2003 disclosure.
White House spokesman Trent Duffy said, "We're confident that Gov. Leavitt will take the necessary steps to avoid any conflicts of interest."
Source: AP