Trump CMS Pick Gets Second Vote After Tie at Senate Committee
(Bloomberg) -- The Senate Finance Committee will vote again Thursday on President Donald Trump's nominee to head U.S. health programs for the elderly, poor, and disabled after an initial tally resulted in a tie.
Members present Wednesday voted 9 to 9 on whether to send the nomination of Seema Verma to the full Senate for confirmation as head of the Centers for Medicare and Medicaid Services. The Senate Finance Committee will reconvene on Thursday, said Chairman Orrin Hatch, a Republican from Utah.
CMS is responsible for implementing the Affordable Care Act, often called Obamacare, which Trump and Republicans have vowed to repeal and replace. The president repeated his campaign promise to undo the law in his first address to Congress Tuesday night, offering few new policy details.
“The way to make health insurance available to everyone is lower the cost of health insurance, and that is what we are going to do,” Trump said.
Verma helped craft Indiana's expanded Medicaid program, which requires beneficiaries to contribute to health savings accounts, and has helped other states design Medicaid expansion waiver programs. In a confirmation hearing before the committee on Feb. 16, she advocated for flexibility for states and individuals to make choices about health care, and said the federal government's role should be more limited.
In the hearing, she gave little detail on her views of CMS's programs, which cover about 100 million people, saying that their future is a matter for Congress to determine.
--With assistance from Steven Dennis
To contact the reporter on this story: Katherine Greifeld in New York at kgreifeld@bloomberg.net.
To contact the editors responsible for this story: Drew Armstrong at darmstrong17@bloomberg.net, Cecile Daurat, John Lauerman
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.