Gingrich Think Tank Goes Bankrupt

Gingrich Think Tank Goes Bankrupt

Republican presidential candidate and disgraced former Speaker of the House Newt Gingrich, known for his deep thoughts, founded a health care policy think tank. The think tank just declared bankruptcy.  “While health-care costs have bankrupted many without insurance, Gingrich may be the first to go broke studying health-care delivery,” observed University of Georgia professor Charles S. Bullock III.

The $100,000-a-year corporate members of the Center for Health Care Transformation dropped out after the Speaker left, which would indicate that the organization was peddling Mr. Gingrich’s political influence, not policy analysis or brilliant ideas. The organization did business as the Center for Health Care Transformation, but it was actually called The Gingrich Group LLC. The “group” in question seems to have has two members, Newt and Callista Gingrich.

Mr. Gingrich had another think tank, American Solutions for Winning the Future. It shut down last year.

Coverage:

“Newt Gingrich health care think tank files bankruptcy,” Dave Williams, Atlanta Business Chronicle

“Former Gingrich Consultancy Files for Bankruptcy,” Gerry Mullany and Mike McIntyre, New York Times blog

“Gingrich group files for bankruptcy,” Domenico Montanaro, MSNBC

“Gingrich Health-Care Group Files for Bankruptcy,” Danny Yadron and John D. McKinnon Wall Street Journal blog

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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