Demetrios Kouzoukas was nominated by President Joe Biden to serve as a trustee on the boards of Medicare, Medicaid, and Social Security. In his opening statement, Kouzoukas thanked the members of the Senate Finance Committee and concluded, “I look forward to answering your questions.”
Warren tested the limits of that pledge when she asked the nominee about his board seat at Clover Health, a company that insures seniors as part of Medicare Advantage. At first, Kouzoukas refused to answer a question about his compensation as a Clover board member before finally relenting. But when asked if he would resign his seat if confirmed, the nominee refused to say, prompting Warren to tell him she will oppose his nomination.
“A big factor influencing Medicare solvency today is the growth of Medicare Advantage, a program that allows for-profit insurance companies to sell Medicare coverage that experts say is on target this year to charge– overcharge the government by $75 billion,” Warren said,.
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The transcript of her questions and the nominee dancing around to avoid answering is too long to post but is quite amusing.