The Kushner family’s ties to for-profit healthcare companies underscore the myriad of conflicts of interests that billionaire businessmen have, making them particularly unsuited to holding public office.
By Alan Macleod | 20 March 2020
MINT PRESS NEWS — Covid-19 might be decimating the economy and threatening to kill millions of Americans, but in crisis there is opportunity. Opportunity, specifically for Joshua Kushner, brother of Jared, son-in-law and senior advisor to President Donald Trump. Joshua is the co-founder of Oscar Health, a huge medical company that this week launched a test center locator for COVID-19, where users input their data and are directed to one of many locations where they can receive a test. It is highly likely that medical companies will be later reimbursed by the government for any services they provide.
Founded in 2012, Oscar Health has been described as the Uber of healthcare, and like Uber, it has been criticized for unethical business practices. In 2018, for instance, it was condemned for selling an Obamacare insurance package with a massive $15,800 deductible. Also like Uber, it has received enormous cash injections from notable investors, including in this case Alphabet (the parent company of Google) and billionaire tech tycoon Peter Thiel. Jared also had a large share in the company. And like Uber, it continues to lose money, posting a $57 million loss in 2018 and a $110 million in 2019.
Even superficially tested, the product Oscar has come up with has serious flaws; Mother Jones noted that the locator incorrectly advised a Maryland resident that the nearest coronavirus test facility was in Kansas, over 1,000 miles away. […]