AIFaulkender Treasury nomination vote and Oz CMS confirmation hearing

Treasury and HHS ConfirmationsSenate Finance · 2025-03-14 · 119th Congress
The Senate Finance Committee met on March 14, 2025 for two proceedings: an executive session to vote on Michael Faulkender's nomination to be Deputy Secretary of the Treasury, followed by a confirmation hearing for Dr. Begins at 0:20:33
Transcript
Highlights

Title

Faulkender Treasury nomination vote and Oz CMS confirmation hearing

Purpose

The Senate Finance Committee met on March 14, 2025 for two proceedings: an executive session to vote on Michael Faulkender's nomination to be Deputy Secretary of the Treasury, followed by a confirmation hearing for Dr. Mehmet Oz to be Administrator of the Centers for Medicare and Medicaid Services (CMS). The Faulkender session featured extensive Democratic opposition statements citing Elon Musk's DOGE activity at Treasury and Medicaid cuts, while the Oz hearing covered Medicaid work requirements, Medicare Advantage upcoding fraud, pharmacy benefit managers, rural health care, and vaccine safety. Begins at0:20:33

Who spoke

Chair Mike Crapo (R-ID)0:20:33: Opened the Faulkender markup and praised his qualifications and cooperation0:21:33; later opened the Oz hearing citing CMS's scope (68M Medicare, ~80M Medicaid/CHIP enrollees)1:00:44 and asked about lifestyle-based interventions1:21:04 and pre-authorization reform1:23:43.

Sen. Ron Wyden (D-OR), Ranking Member0:23:01: Opposed Faulkender over DOGE/IRS actions and dodged impoundment questions0:23:280:24:54; in the Oz hearing, said Oz benefited $440,000 in three years via a Medicare/Social Security tax loophole1:04:26 and repeatedly pressed Oz on whether he would oppose Medicaid cuts, calling his answer non-responsive1:25:221:26:14; asked Oz to visit rural Oregon within 60 days1:27:40; closed by pressing on Medicare Advantage marketing abuses3:37:04.

Sen. Maria Cantwell (D-WA)0:27:47: Criticized the administration for lacking a plan on housing, drug and food costs, and opposed tariffs, voting no on Faulkender0:28:360:29:25; in the Oz hearing pressed on "virtual bundle" Medicaid-to-marketplace transition concepts and Medicaid expansion1:43:551:47:25.

Sen. Sheldon Whitehouse (D-RI)0:29:52: Criticized EPA's climate stance, warned of an insurance-driven economic crisis, and entered Corporate Transparency Act documents into the record0:31:150:32:16; in the Oz hearing detailed Rhode Island hospitals being paid 20-28% less than Massachusetts/Connecticut hospitals for the same services2:06:402:09:49.

Sen. Maggie Hassan (D-NH)0:32:41: Opposed Faulkender over Musk's access to Treasury payment systems0:33:55; in the Oz hearing pressed on Republican Medicaid cuts affecting 30,000 NH children2:01:05, a Littleton, NH Social Security office closure2:03:03, and Oz's promotion of green coffee extract and raspberry ketones2:04:192:05:06.

Sen. Peter Welch (D-VT)0:36:23: Criticized the continuing resolution's tariff delegation to the president and voted no on Faulkender0:37:240:38:52; in the Oz hearing pressed on Medicare Advantage upcoding ($84 billion in overpayments) and private equity ownership of physician practices3:15:033:16:50.

Sen. Raphael Warnock (D-GA)0:39:23: Criticized the tax cut's cost ($4.5 trillion) and Faulkender's "self-sufficiency" answer on Medicaid, voting no0:40:180:41:11; in the Oz hearing detailed constituents "Heather" and "Amanda" harmed by Georgia's Medicaid work-verification requirements, securing Oz's agreement they deserved coverage3:09:303:10:26.

Sen. Elizabeth Warren (D-MA)0:42:38: Opposed Faulkender over tax cuts and noted he admitted Republicans' "current policy baseline" is a budget gimmick0:44:07; in the Oz hearing got Oz to call diagnosing already-treated cataracts as diabetic "fraud," citing a Wall Street Journal finding of 66,000 such cases and $2.3 billion in UnitedHealth upcoding2:38:202:39:50.

Sen. Ben Ray Luján (D-NM)0:45:27: Said the 2017 tax law added to the debt despite promises otherwise, voting no on Faulkender0:45:52; in the Oz hearing cited New Mexico's 33 measles cases and one child's death, got Oz to affirm the vaccine is safe and effective2:58:582:59:31, and pressed on rural hospital closures and drug price negotiation3:02:043:03:55.

Sen. Thom Tillis (R-NC)0:27:35: Argued 62% of taxpayers would see a tax increase without extending the 2017 cuts, citing a $1,700 hit to an $80,000 family0:49:16; in the Oz hearing discussed CMS enterprise transformation and gave Oz a copy of "Who Moved My Cheese?"2:35:25.

Sen. Chuck Grassley (R-IA)1:31:37: Listed six priorities for Oz including PBM accountability, rural health care, transitional health plans, and $122 billion in average annual improper payments1:32:101:33:38.

Sen. Bill Cassidy (R-LA)1:54:31: Pressed Oz on prior authorization and step therapy problems for patients switching plans1:55:051:57:11; raised concerns about Medicare Advantage overpayment rates of 106-120%1:58:55.

Sen. Sheldon Whitehouse — see above.

Sen. Michael Bennet (D-CO)1:40:45: Pressed Oz on whether he opposes Medicaid cuts given his stated concern for the vulnerable, noting parents will seek costly emergency care if coverage is cut1:42:09.

Sen. James Lankford (R-OK)1:48:45: Raised PBM harms to independent pharmacies (450 closures last year) and a Biden-era CMS 24/7 RN nursing home rule threatening rural facilities1:49:431:53:10.

Sen. Ron Johnson (R-WI)2:18:47: Argued Obamacare's Medicaid expansion for able-bodied adults lets states "game the system," citing spending growth from $301B (2014) to ~$600B2:20:25.

Sen. Catherine Cortez Masto (D-NV)2:24:37: Highlighted that most Medicaid fraud recovered ($1.4B in 2024) is provider fraud, not beneficiary fraud, and pressed Oz on extending ACA tax credits2:26:232:28:45.

Sen. Todd Young (R-IN)3:18:22: Discussed chronic disease prevention, AI innovation, and framed health care as a national security issue given Chinese IP theft3:19:353:23:55.

Sen. John Cornyn (R-TX)3:24:18: Cited $521 billion in fraudulent entitlement payments and pressed on incentivizing preventive care over sick care3:24:463:26:42.

Sen. Rick Scott (R-FL)3:30:01: Discussed generic drug pricing value and sickle cell/CRISPR gene therapy affordability under Medicaid/Medicare3:31:063:33:17.

Sen. Marsha Blackburn (R-TN)2:42:12: Raised 16 hospital closures in Tennessee (13 rural) tied to the expired rural wage index fix and non-citizen Medicaid fraud concerns2:44:512:46:40.

Sen. Tina Smith (D-MN)2:47:31: Questioned AI use in prior authorization and Medicare Advantage denial decisions, and AI chatbots misrepresenting themselves as licensed mental health providers2:48:292:52:08.

Sen. Roger Marshall (R-KS)2:53:04: Asked about maternal mortality (citing suicide and fentanyl as leading causes of pregnancy-related deaths) and health savings accounts2:57:302:57:58.

Dr. Mehmet Oz, CMS Administrator nominee1:10:53: In his opening statement, cited health care costs growing 2-3% faster than the economy, Medicare Trust Fund insolvency within a decade, and 43% obesity rate1:16:16; committed to Hyde Amendment enforcement2:13:47, called cataract upcoding "fraud"2:38:55, said he favors work requirements but not monthly paperwork obstacles3:07:36, and confirmed the measles vaccine is safe and effective while deferring opinion-setting to the CDC2:59:272:59:35.

Key moments

Sen. Wyden stated Faulkender's tax loophole use cost Medicare $440,000 in benefits to him over three years, and Faulkender could not say whether the president has legal authority to impound funds0:24:541:04:26.

The Faulkender nomination markup recessed for a Senate floor vote at 1:15 without a committee vote taken in the hearing room; Chair Crapo disputed Wyden's claim that 50% of tax cuts go to the top 5%0:51:430:52:08.

Warren got Oz to agree that 66,000 Medicare Advantage patients were diagnosed with diabetic cataracts despite already having cataract surgery — an "anatomically impossible" diagnosis she called fraud, and that UnitedHealth added $2.3 billion in unactionable diagnoses via home visits in 20222:38:202:39:50.

Wyden pressed Oz three times on whether he would commit to opposing Medicaid cuts given his stated wish to "cherish" the program; Oz did not give a yes/no answer1:25:221:26:141:26:39.

Whitehouse detailed a 20-28% Medicare payment gap between Rhode Island's Level 1 trauma/burn center hospitals and a nearby Massachusetts hospital with none of those capabilities, calling it a statutory problem CMS has never justified2:06:402:11:18.

Oz said preauthorization applies to roughly 5,500-15,000 procedures across insurers with inconsistent criteria, and proposed narrowing the list to about 1,000 with automated, near-instant approval1:24:131:55:59.

Sen. Hassan got Oz to confirm green coffee extract is not a "miracle weight loss drug" and that it was fraudulently marketed, while Oz said he was paid nothing directly to promote such supplements on his show2:04:342:05:29.

Sen. Warnock's constituent examples ("Heather," a traveling nurse who couldn't meet Georgia's work-verification requirements after strokes, and "Amanda," a full-time caregiver) both received "yes" from Oz that they deserved Medicaid coverage, despite Georgia's Pathways to Coverage waiver Oz would oversee3:09:303:10:26.

Sen. Lujan cited 33 confirmed measles cases in New Mexico (one child's death) and 223 in Texas (one child's death), and read a demand that HHS Secretary Kennedy respond to unanswered committee letters2:58:583:00:05.

Sen. Tillis and Chair Crapo argued extending the 2017 tax cuts is not a "tax cut for billionaires" but prevention of a $2.6 trillion tax increase falling overwhelmingly on people earning under $400,0000:49:560:50:47.

Metadata

Official titleBusiness meeting to consider the nomination of Michael Faulkender, of Maryland, to be Deputy Secretary of the Treasury; to be immediately followed by hearings to examine the nomination of Mehmet Oz, of Pennsylvania, to be Administrator of the Centers for Medicare and Medicaid Services.
CommitteeSenate Finance
Chamber / CongressSenate · 119th Congress
Date2025-03-14
TypeMeeting
Witnesses
(none listed in event metadata)
Videosenate-isvp
Transcript587 caption blocks · 28,329 words · 3:40:10 runtime
EventCongress.gov 336725