President-elect Donald Trump's pick to lead the Health and Human Services Tom Price showed he could play defense yesterday.
Democrats on the Senate Committee on Health, Education, Labor and Pensions sparred with him over a range of issues, from his stock deals as a congressman to the upcoming fight over the Affordable Care Act.
That committee will not get to vote on his appointment. That will be the decision of the Senate Finance Committee, which will hold his second hearing.
The Georgia GOPer called his stock transactions “above board,” claiming he had no access to non-public information while involved in lawmaking that would impact companies.
Price learned of one company he bought stock in, Australia's Innate Immunotherapeutics, which makes experimental drugs, from Republican Congressman Chris Collins, who is now part of the Trump transition.
According to the news site Stat, Price has seen a 400 percent paper gain on that buy. He holds roughly 40 health sector stocks in his portfolio as well.
Collins is the firm's biggest shareholder,
NPR reported. At the time he picked up the stock, Price was on the House Ways and Means Committee and was drafting the 21st Century Cures Act, which would have made it easier for firms like Innate Immunotherapeutics to get FDA approval on their drugs.
Republican committee members sprang to Price's defense, noting that others in Congress have bought stocks in the health sector. Sen. Pat Roberts (R-Kansas) called Democrat behavior “anger management.” Sen. Orrin Hatch (R-Utah) took umbrage at what he dubbed “hypocritical” behavior.
Interestingly, he pointed out that, “not only do House rules not prohibit members from trading stocks, but it is also not an uncommon practice for members of Congress. In fact, there are members on this committee, who have traded individual health stocks, while serving on this committee,”
according to the New York Post.
On the ACA repeal, Sen. Bernie Sanders (I-Vt.) pointedly asked the nominee if health care was a right. Price would not answer directly, saying only that “we are a compassionate society.”
Price refused to go into any specifics on replacing the ACA. He simply stated, the New York Post reported, that, “nobody is interested in pulling the rug out from under anybody,” adding that, “we believe that it is absolutely imperative that individuals who have health coverage be able to keep health coverage and move hopefully to greater choices and opportunities.”
When pressed by Sen. Patty Murray (D-Wash.), he stated further,
Salon reported, “I think it’s absolutely imperative that we have a system in place that has patients at the center and allows for every single American to have the opportunity to gain access to the kind of coverage they want.”
Sanders returned during the hearing to the question of access. When he did, Price responded that it was his goal that “every single American has access to the highest quality care and coverage that is possible.”
The Vermont Independent noted, “I have access to buying a $10 million home,” Sanders shot back
according the the New York Times. “I don’t have the money to do that.”
When Sen. Chris Murphy, (D-Conn.) raised the access issue later, asking if the success of any ACA replacement should be judged on “the number of people who have insurance,” Price responded, “absolutely,” adding, “I think, as policymakers, it is incumbent upon us to say, ‘What can we do to increase that coverage?’ The goal is to make sure that every single American has that access to coverage that they want for themselves and for their families.”
Murphy then responded,“I’ll just note that those are two different things, having coverage and having access to coverage, and I think we’ve gone around on that a number of times.”
When pressed about Trump's promise not to cut Medicare and Medicaid spending, Price said he “believed” the president-elect was telling the truth – but would not himself state that he would not cut those programs.
"I have no reason to believe that position has changed," he told the committee, advising them that, "I haven't had extensive discussions with him about the comments he's made, but I have no reason to believe that he's changed his position."
He did, however, offer one specific, when Sen. Lamar Alexander (R-Tenn.) asked him, "Is this [potential ACA replacement] the bill to reform Medicare?"
"Absolutely not," Price told him
according to The Hill. Rather than Medicare, he advised, "I think the challenges we have to address immediately are in the individual market and the Medicaid market.”