Modern Healthcare Staff
Former ReporterSee All Staff Page
Rep. Tom Price (R-Ga.), President Donald Trump's nominee for HHS secretary, told members of the Senate Finance Committee on Tuesday that he would work with them to draft a replacement for the Affordable Care Act but dodged questions about what the plan might entail.
Sens. Bill Cassidy and Susan Collins said their bill would keep many protections of the Affordable Care Act and give states control over healthcare regulations. But ACA supporters said it would increase costs to consumers and widen healthcare disparities between different states.
In a press conference Wednesday, President-elect Donald Trump also said pharmaceutical companies are "getting away with murder" and that a plan to replace the Affordable Care Act will be given "essentially simultaneously" with repeal actions.
During a wide-ranging press conference Wednesday, Trump said the drug industry “has been disastrous” and new bidding procedures are needed. This signals support for allowing Medicare to negotiate drug prices, an issue Trump has recently backed away from endorsing.
U.S. Rep Tom Price will likely have to answer many questions about his financial dealings during a tentatively scheduled confirmation hearing where senators, at least, Democrats, are likely to grill him on his stock trading.