The once high-flying health care think tank that Republican presidential hopeful Newt Gingrich started nearly a decade ago has filed for bankruptcy, its fortunes sinking rapidly last year as its compelling leader turned his energies to the political campaign trail.
The Center for Health Transformation had promoted private-sector solutions to America’s skyrocketing health care costs, and it also became a source of significant cash for Gingrich and his wife, Callista.
The Post reported that the center took in $37 million in donations, primarily from big pharmaceutical and health care corporations, in its eight years in business.
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