Monday, October 24, 2005

Letters Show Frist Notified Of Stocks in 'Blind' Trusts

Letters Show Frist Notified Of Stocks in 'Blind' Trusts:
"In January 2003, after winning election as majority leader, Frist was asked on CNBC whether his HCA holdings made it difficult for him to push for changes in Medicare, a federal health program for seniors that added to the hospital company's revenue.

'I think really for our viewers it should be understood that I put this into a blind trust,' Frist replied. 'So as far as I know, I own no HCA stock.' He added that the trust was 'totally blind. I have no control.'

Two weeks before that interview, M. Kirk Scobey Jr., a Frist trustee, informed the senator in writing that one of his trusts had received HCA stock valued at between $15,000 and $50,000."

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