Jared Kushner’s Family Reportedly Benefits Financially From Pandemic
A report says that while the Trump administration downplays the pandemic, family of the president’s son-in-law, Jared Kushner, is finding ways to cash in and benefit from COVID-19. Kushner is reportedly an involved participant in the coronavirus response team, and his brother owns a health insurance company.
According to DC Report, Joshua Kushner, Ivanka’s brother-in-law, co-founded Oscar Health in 2012. Now the insurance company, which took losses in 2018 and 2019, is pushing new services, including a testing center locator, risk assessment quizes, and online doctor chat.
However, it’s not just pandemic services that financially benefit the Kushner family’s company. The report also says a Trump-supporting billionaire, Peter Thiel, has poured millions of dollars in investments into Oscar Health.
TechCrunch reported last month that Oscar Health had received a new $225 million in funding from investors who are excited about the company’s telehealth focus and tech-centered medical projects, including a COVID-19 assessment and testing project that was actually scrapped days after completion.
It’s not the first time that Trump’s in-laws have been accused of profiting from his presidency. Jared Kushner himself is accused of being involved in an ‘ethical landmine’ by Citizens for Responsibility and Ethics in Washington (CREW), after he has failed to separate himself from a real-estate company he co-founded. The Hill reports that his continued ownership has been seen as a conflict of interest, with foreign investments in the company complicating matters. Though he transferred his shares in the company to a blind trust, Jared Kushner has reportedly walked back his original claimed intent to sell his portion.