Price rejects claim that Obamacare repeal would leave millions uninsured

"You might want to print out President-elect Trump's statement, 'I am not going to cut Medicare or Medicaid, ' and post that above your desk in your new office because Americans will be watching to see if you follow through on that it promise".

The Georgia lawmaker and orthopedic surgeon made the remarks as Americans look for details on how Trump plans to replace the 2010 health care law, which insures roughly 20 million Americans.

She said he bought stock at a low price based on a tip from Rep. Chris Collins, New York Republican, saying the nominee told her as much in a private meeting before the hearing. President-elect Trump has nominated Georgia Congressman Tom Price.

Sen. Chuck Schumer of NY, the minority leader, called for an investigation. Barely a week later, the senior Republican lawmaker introduced legislation created to delay until 2018 a new Centers for Medicare and Medicaid Services (CMS) reimbursement formula that analysts warned would be financially harmful to the company when fully implemented, according to the report. "Not only do House rules not prohibit members from trading stocks, but it is also not an uncommon practice for members of Congress".

When asked whether Republicans had a plan to replace Obamacare, Price noted that he has put forth at least 11 pieces of legislation to reform and improve health care.

Price's confirmation hearing is supposed to begin on Wednesday. He said he aims to make Medicaid, the joint state-federal plan that covers the poor, a block-grant program.

"The last thing we want to do is go from a Democratic health care system to a Republican health care system", Price said early on. "The stock was bought by a broker", said Price. Bernie Sanders (I-Vt.) told Rep. Tom Price (R-Ga.) at a hearing of the Senate Health, Education, Labor and Pensions Committee on Wednesday. "We need to find solutions" to problems like the cost of pharmaceuticals, he said, "and perhaps one way" is through negotiation. Sen.

Senate Minority Leader Chuck Schumer (D-N.Y.) suggested Price could have broken the law with his medical stock trades, after CNN reported that Price purchased up to $15,000 dollars in stocks days before introducing legislation that would affect the company.

His purchase of shares in Australian biotech Innate Immunotherapeutics last summer, first reported by Kaiser Health News, has also been attacked as improper.

"Not true, that's not true, Senator", Price said.

U.S. media reports that an aide to Price claimed that Price had no knowledge of the purchase, which was done by a broker. He also said during the hearing, while explaining the Zimmer investment, that all trades are done by his broker without his knowledge.

I ask for your expedited determination in this matter.

Mrs. Murray insisted the episode was "inappropriate" and demanded answers. Elizabeth Warren (D-MA) and Debbie Stabenow (D-MI) Thursday on a forum with witnesses "who can speak to the impact of health-care providers like Planned Parenthood, the importance of the work done in the Affordable Care Act to expand access to mental health care and substance abuse treatment, and the ways in which the full guarantee of Medicare has helped keep them financially and physically secure". We have the higest rate of childhood poverty of any major country, and half of our senior older workers have nothing set aside for retirement, so I don't think compared to other countries we are particularly compassionate.

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