The U.S. Senate Finance Committee on Tuesday voted in favor of advancing the nomination of Robert F. Kennedy Jr. to lead the Department of Health and Human Services.
The Details: The Senate Finance Committee voted 14-13 along party lines to advance Kennedy's nomination to the Senate floor. He will now face the full Senate for consideration and ultimately, a final vote to approve or deny his nomination as health secretary.
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GOP Sen. Bill Cassidy expressed concerns with Kennedy's views on vaccines, leading some to question his support of Kennedy's nomination. The GOP Senator voted with his party in favor of the nomination.
Cassidy posted a statement on social media just before the vote Tuesday morning and said he'd had "very intense conversations," with Kennedy and Vice President J.D. Vance.
"With the serious commitments I've received from the administration and the opportunity to make progress on the issues we agree on like healthy foods and a pro-American agenda, I will vote yes," Cassidy wrote.
Investors will also be watching insurance stocks for reactions as Kennedy's nomination moves forward.
Some insurers tied to Medicaid and Medicare are UnitedHealth Group (NYSE:UNH), the largest Medicare Advantage insurer in the U.S., and Elevance Health (NYSE:ELV), one of the largest Medicaid managed care organizations.
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