Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

HCFA ADMINISTRATOR CANDIDATE DRAW ALTMAN WITHDRAWS

Executive Summary

HCFA ADMINISTRATOR CANDIDATE DRAW ALTMAN WITHDRAWS from consideration for the top Health Care Financing Administration post July 7 to accept a position as director of health and human services for the Pew Charitable Trusts in Philadelphia. The New Jersey commissioner of health and human services cited salary and the slow HHS nominating process as factors in his decision to withdraw, but said the Pew offer was "too good for me to turn down." Altman cleared the FBI field interviews in mid-June and had been making weekly trips to Washington to work with HCFA. * This is the second HCFA administrator candidate to withdraw from consideration during the Bush Administration. Sheila Burke, legislative director for Sen. Robert Dole (R-Kan.) declined the post in late April citing the potential for conflict of interest between Medicare and the Aetna insurance company, where her husband David Chew is vice president for strategic planning. Commenting on Altman's decision, HHS Secretary Louis Sullivan said: "While I regret that I will not have the benefit of [Altman's] judgment and experience at HCFA, I congratulate him on his new position and wish him well. We will move as quickly as possible in the selection of a new candidate to present to the President for the important HCFA administrator position." Altman reportedly has said the Pew position will allow him to pursue his interests in both social services and health. He will be administering both types of programs with a $ 60 mil. budget for national and international initiatives. Altman's ties to Pew go back to 1982, when he was at the Robert Wood Johnson Foundation and the two philanthropies created a $ 25 mil. program to establish a housing program for homeless in 19 cities.

You may also be interested in...



Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth

UsernamePublicRestriction

Register

OM004634

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel