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Price 'Not Aware' Of Stock Choices During HIP Act Consideration, He Tells Senators

 
• By Sue Darcey

HHS Secretary Nominee Rep. Tom Price, R-Ga., told members of a key Senate health panel that he was "not aware" of purchases his broker made of stocks in health-care companies including Zimmer Biomet Holdings Inc., shortly after introducing The HIP Act to delay a CMS orthopedics bundled payment program. The appointee also signaled his intentions 'not to pull the rug out' on millions of Americans' insurance coverage in any Affordable Care Act replacement plan he works on.

Several Democratic Senators including Patty Murray of Washington, Al Franken of Minnesota, and Elizabeth Warren of Massachusetts berated HHS Secretary Nominee Rep. Tom Price, R-Ga., Jan. 18 for investing more than $300,000 of health care stocks simultaneous to his work on prominent pieces of health-care legislation, saying that the appearance of conflicts-of-interest alone made him unfit to take on his new role.

They and other democratic members of the Senate Health, Education, Labor and Pensions Committee on Jan. 18 grilled the nominee chosen by President-Elect Donald Trump over Price's and the president-elect's...

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