This is rich. Literally.
Ezekiel Emanuel, one of the prime architects of Obamacare, has joined a venture capital firm that deals in medical information–not coincidentally, one of Obamacare’s prime areas of government activism. From the Modern Healthcare story:
Dr. Ezekiel “Zeke” Emanuel, who helped shape the Affordable Care Act, is entering the private sector.
Emanuel Monday joined Oak HC/FT, Greenwich, Conn., a venture growth-equity firm that invests in healthcare information and finance technology companies. “The Oak HC/FT team is nimble, experienced and smart,” he said in a news release. “I am excited to exchange ideas and knowledge with entrepreneurs that are driving true innovation that will increase quality and control costs thereby significantly improving the American healthcare system.”
Emanuel’s role will be as a venture partner, and he will advise not only Oak HC/FT, but also current and potential partners such as entrepreneurs and portfolio company executives, Oak said in a news release. In the 18 months since its inception, Oak HC/FT has invested in 12 companies and met with over 200 entrepreneurs.
It pays to be a made technocrat.
Talk about the revolving door. Talk about crony capitalism. Kaching.
Obamacarian Zeke Emanuel Cashes In