Tom Price

Tom Price's Stock Trading Scandal Isn't Going Away

... matter is I didn't know any of those trades were being made,” Price said. “I have a broker-directed account. All of those trades were made without my knowledge.”. And 'round it went. Murphy pressed Price on why he didn't tell his broker to avoid companies that might be affected by his legislative work. Price said his broker's job was to “provide a diversified portfolio.” This was a sort of silly answer, since if he was really worried about investment diversification Price could get exposure to the medical sector without buying individual stocks by purchasing health care ETFs —but at most it evidenced a lack of interest in the appearance of propriety or understanding of contemporary portfolio-building strategies, not a nefarious personal enrichment scheme. Assuming he can prove that this broker-directed account is real, he should be in the clear. Later in the hearing, ...

Ethics Office Tweets In Middle Of Tom Price Hearing

... Price said. Read More. CNN reported on Monday that financial disclosures show Price invested in a medical device manufacturer days before introducing a bill that would benefit that company. Democrats including Senate Minority Leader Chuck Schumer have called for an investigation into whether Price may have violated the law. Price has said the stocks were purchased through a broker and that he did not know which stocks he owned. He repeated that he did nothing inappropriate and pointed to disclosures he made to OGE that were signed off on in the nomination process. The ethics office's tweets came shortly thereafter, with messages outlining what it does - and doesn't - do. "OGE's focus is prevention; IGs investigate potential misconduct & @The Justice Dept prosecutes criminal violations," OGE tweeted shortly thereafter. "OGE oversees the executive branch #ethics program, while Congress & the Courts have their own ethics programs," they continued. "OGE does not handle complaints of ...

Repeal And Replace Must Be Simultaneous

... a suitable replacement in hand. As head of the Health and Human Services Department, Mr. Price would oversee an agency with a $1 trillion-plus budget and a wide array of responsibilities, from running government insurance programs for seniors and the poor to beating back the global health scares like Ebola and Zika. Yet Mr. Price ’s nomination has become an early proxy fight over GOP plans to repeal Obamacare — a push the congressman would oversee if he were confirmed as secretary. Senate Health Committee Chairman Lamar Alexander opened the Georgia Republican’s hearing by calling for simultaneous repeal and replace of the Affordable Care Act, saying Mr. Trump himself wants it that way. “To me, that means at the same time,” Mr. Alexander, Tennessee Republican, said. As it stands, GOP leaders have kickstarted a budget process that allows them to gut Obamacare while avoiding a Democratic filibuster, citing the program’s ...

Tom Price Faces Bipartisan Grilling On How He Will Help The Medical Needs Of Minorities

... facing the nuclear complex.' It's been a learning curve.". Perry's confirmation hearing before the Senate Energy Committee is Thursday, and he can expect some tough questions to test his quick education. Perry, who has an undergraduate degree in animal sciences, holds the record as the longest-serving governor of Texas, and his 2012 and 2016 presidential campaigns were based on the economic success the Lone Star State had under his low-tax, low-regulation policies. His management experience would undoubtedly be a useful asset at any federal agency. Obama's two energy secretaries had doctorates in physics — the first, Steven Chu, won a Nobel Prize, and outgoing Energy Secretary Ernest Moniz was chairman of the MIT physics department and director of the university's Laboratory for Nuclear ...

Senate Health Committee Questions Rep. Tom Price In Hhs Confirmation Hearing

... of Health and Human Services. Obamacare was a top issue, and the congressman's stock dealings in medical companies were also discussed. KELLY MCEVERS, HOST. Several of Donald Trump's Cabinet picks were at Senate hearings on Capitol Hill today. Trump's choice to lead the Department of Health and Human Services got some tough questions. Georgia Congressman Tom Price was asked to explain why he invested in companies then introduced legislation that affected those companies. Price said he had hired a broker to manage his finances, and he wasn't aware of the transactions. Price also got plenty of questions about the future of Obamacare. NPR's Allison Kojak reports. ALISON KODJAK, BYLINE: The senators tried to pin Price down on the incoming Trump administration's plan to replace the Affordable Care Act. He had to answer for his own past proposals and for the statements of his future boss. Democratic Senator Patty Murray criticized him for supporting a bill that will allow lawmakers to repeal Obamacare. (SOUNDBITE OF ARCHIVED RECORDING). PATTY MURRAY: Just last week, you voted to begin the process of ripping apart our health care system without any plan ...

Tom Price Faces Off With Elizabeth Warren In Senate Confirmation Hearing

... of Price argue he may have violated these provisions But the Trump Transition team steadfastly defend its nominee against any charge of wrongdoing. If confirmed, Price has said he will sell his stocks. During the hearing, Sen. Elizabeth Warren, the Massachusetts Democrat, grilled Price on this charge. She pointed out that while Price claimed not to have knowledge that a broker bought the company's stock without his knowledge, many observers would find this difficult to believe. When Warren asked whether Price took additional actions to promote the company's interests after discovering he owned stock in it, he said he was "offended by the insinuation.". Watch a clip of the exchange with Warren here (longer video below). Tom Price says he's "offended" by Sen. Elizabeth Warren's insinuation ...

Why One Expert Says Tom Price’s Stock Deals ‘may Very Well Have’ Broken The Law

... we’ll e-mail you free updates as they’re published. You’ll receive free e-mail news updates each time a new story is published. You’re all set. By Amber Phillips By Amber Phillips January 18 at 11:44 AM Follow byamberphillips. Rep. Tom Price (R-Ga.), President-elect Trump's nominee for secretary of health and human services, repeatedly came under fire from Democrats questioning his financial dealings, during a hearing on Jan. 18 at the Capitol. (Peter Stevenson/The Washington Post). While the facts are being debated, we know Rep. Tom Price (R-Ga.), whether through a broker or himself, bought and sold hundreds of thousands of dollars of health-care stock — sometimes around the time he was legislating health-care policy. That means President-elect Donald Trump's pick to be health and human services secretary “may very well have” violated a 2012 law, the Stock Act, as well as other House ethics rules, said Larry Noble , general counsel for the nonpartisan ethics watchdog, the Campaign Legal ...

Betsy Devos And Tom Price Will Make A Huge Difference For Children

... City’s Pre-K For All as it is for universal preschool in Price’s home state of Georgia. Early childhood education offers a superb test bed for market-oriented, public-private service systems emphasizing choice and competition. Not only is early education more open to market-oriented approaches, but also its greater experience with such approaches and stronger public-private partnerships increase the probability of their successful implementation. The Department of Education’s Office of Early Learning is well placed to stimulate even more innovation in the first five years and to require rigorous evaluation so that we can systematically learn from these efforts. The Office of Early Learning could then provide a pathway for what is learned in preschool education to inform policy for kindergarten and the early grades. Yet early education should mean much more than schooling. Early education must meet the needs of the whole child-cognitive, social, emotional, and physical — and meet parents’ needs for affordable child care. And most federal funding for early education programs is actually administered by the Department of Health and Human Services (DHHS). DHHS ...

Sen. Patty Murray Blasts Tom Price For Expecting Women To Pay For Their Own Birth Control

... which your policies would impact women’s access to health care and their reproductive rights,” Murray said, continuing. I have serious concerns about your understanding of women’s needs for basic health care like birth control given your expressed doubts on this topic. Your proposals to make women pay extra, out-of-pocket for birth control, and your repeated efforts to defund our nation’s largest provider of women’s health care, Planned Parenthood. In February of 2016, Cecile Richards, president of Planned Parenthood – the nation’s largest abortion chain – boasted to Hillary Clinton supporters that – because of Obamacare – 55 million women in the United States were obtaining free birth control. “The thing that’s important to me, because it’s really part of why this election is so important,” Richards said , “as a result of the long, hard fight for the Affordable Care Act, 55 million women in America are getting birth control–and no co-pay.”. Murray said she would be asking Price tough questions to ensure he would be “putting people first, not politics, not partisanship,” and placing “science before ...