Politics & Government

Watch Video: Tom Price Faces Off With Elizabeth Warren In Senate Confirmation Hearing

Price has been criticized for purchasing of a company that could have benefited by his proposed legislation.

Rep. Tom Price, a Republican from Georgia, testified Wednesday before the Senate Health, Education, Labor and Pensions Committee in his first day of confirmation hearings as Donald Trump's pick for secretary of health and human services.

The choice of Price to head up the department responsible for implementing Obamacare sent a strong message to the law's opponents; Price has been one of the leading critics of the Affordable Care Act. A physician-turned-politician, he has proposed one of the most comprehensive plans to replace the president's health care law.

He is currently the chairman of the House Budget Committee.

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A day ahead of his hearing, Price already faced heavy criticism from the left. Sen. Chuck Schumer, the Democratic Senate minority leader from New York, told CNN that Price may have benefited from purchasing stock in a medical device company before proposing a measure that would have helped it. Schumer is calling for an investigation.

Price traded in various health care-related stocks while being heavily involved in Congressional health policy. There are rules against using insider Congressional knowledge to profit personally, and critics of Price argue he may have violated these provisions But the Trump Transition team steadfastly defend its nominee against any charge of wrongdoing.

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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):

Watch the hearing below, or on C-SPAN:

Photo credit: Gage Skidmore

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