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Healthcare intelligence

Committee Dossier · 120th Congress

Senate Finance

The committee that writes the rules for Medicare, Medicaid and the tax exemption every nonprofit hospital lives on. In January it changes hands, and more than a third of its Republicans are gone.

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Never heard of it? Most people haven’t.

What this committee does, in plain English

Congress does its real work in committees. A small group of senators writes the bills; the full Senate mostly votes yes or no on what they send it. On health care, this is the room where the bills get written.

  1. 1
    It writes Medicare’s rules.
    What Medicare pays your practice, and why it pays a hospital more for the same visit. Almost every change to Medicare in the Senate starts here.
  2. 2
    It writes Medicaid’s federal rules.
    How much federal money goes to each state, and the financing arrangements that route much of it back to hospital systems.
  3. 3
    It writes the tax code.
    Including the exemption that lets nonprofit hospitals pay no federal income tax and borrow with tax-free bonds, while your practice pays both.
  4. 4
    Its House twin is Ways and Means.
    The same rules have to pass both. In the House, Energy and Commerce shares part of Medicare. In the Senate, the HELP Committee handles public health, drug approval and the 340B program.

What it controls

The parts of its jurisdiction that set what care costs
Medicare
What hospitals and physicians are paid, including the higher rates hospitals get for the same service in a building they own.
Social Security Act, Title XVIII
Medicaid
Federal matching money, provider taxes and the state-directed payments that flow to hospital systems.
Social Security Act, Title XIX
The tax exemption
Whether nonprofit hospitals keep their federal tax exemption, and what charity care they must show for it.
Internal Revenue Code §501(c)(3) and §501(r)
Tax-exempt bonds
The cheap borrowing that finances hospital towers and acquisitions.
Internal Revenue Code §145

Who runs it in 2027

Democrats won the Senate on November 3
Expected chairman
Ron Wyden
D-Oregon · chaired Finance 2021 to 2025

Has named billionaire taxes, a guarantee of health care for all, and oversight of banks, insurers and drug companies as his priorities. Nonprofit hospital systems are not on his list.

Expected ranking Republican
Mike Crapo
R-Idaho · chairman in the 119th Congress

Moves from the gavel to the minority with a depleted bench. Six of his 13 Republican colleagues on the committee will not return.

Who is leaving

As of November 6, 2026

Two of the committee’s three physicians are out. So is the chairman of the trade subcommittee, and one Democrat.

SenatorWhyWhat goes with them
John Cornyn R-TexasLost his primaryChairman of the trade subcommittee. Seat won by Democrat James Talarico.
Bill Cassidy R-LouisianaLost his primaryA physician, and chairman of the HELP Committee. Seat won by Republican Julia Letlow.
Roger Marshall R-KansasDefeated in the general electionA physician. Kansas elects its first Democratic senator since 1932.
Thom Tillis R-North CarolinaRetiredSeat won by Democrat Roy Cooper.
Steve Daines R-MontanaRetiredSeat held by Republican Kurt Alme.
Marsha Blackburn R-TennesseeElected governorLeaves the Senate when she takes office in January, and is expected to appoint her own successor.
Tina Smith D-MinnesotaRetiredSeat held by Democrat Peggy Flanagan.

Where the members stand

Returning senators; the 120th Congress roster is set in January

Each member’s record on the cost drivers this committee controls, and a Machine Score from 0 to 100. The score measures how independent they are from the hospital lobby. Higher is better; 100 means they have never sided with it. Hospital PAC money sits beside the score, not inside it.

MemberSite-neutral payPhysician-owned hospitalsPrice transparencyNonprofit tax exemptionHospital PAC moneyMachine Score
Ron Wyden D-Ore.
Expected chairman
RecordRecordRecordRecord$2.5KPending
Mike Crapo R-Idaho
Expected ranking member
RecordRecordRecordRecord$10.0KPending
John Barrasso R-Wyo.
Returning senator; assignment in January
RecordRecordRecordRecord$35.0KPending
Michael F. Bennet D-Colo.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Maria Cantwell D-Wash.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Chuck Grassley R-Iowa
Returning senator; assignment in January
RecordRecordRecordRecord$1.0KPending
Maggie Hassan D-N.H.
Health Care subcommittee ranking member, 119th Congress
RecordRecordRecordRecord$0Pending
Ron Johnson R-Wis.
Returning senator; assignment in January
RecordRecordRecordRecord$3.5KPending
James Lankford R-Okla.
Returning senator; assignment in January
RecordRecordRecordRecord$3.5KPending
Ben Ray Luján D-N.M.
Returning senator; assignment in January
RecordRecordRecordRecord$12.5KPending
Catherine Cortez Masto D-Nev.
Returning senator; assignment in January
RecordRecordRecordRecord$10.0KPending
Bernie Sanders I-Vt.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Tim Scott R-S.C.
Returning senator; assignment in January
RecordRecordRecordRecord$2.5KPending
John Thune R-S.D.
Returning senator; assignment in January
RecordRecordRecordRecord$5.0KPending
Mark R. Warner D-Va.
Returning senator; assignment in January
RecordRecordRecordRecord$31.5KPending
Raphael G. Warnock D-Ga.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Elizabeth Warren D-Mass.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Peter Welch D-Vt.
Returning senator; assignment in January
RecordRecordRecordRecord$0Pending
Sheldon Whitehouse D-R.I.
Returning senator; assignment in January
RecordRecordRecordRecord$7.5KPending
Todd Young R-Ind.
Health Care subcommittee chairman, 119th Congress
RecordRecordRecordRecord$11.0KPending

Records and Machine Scores load when the scored-action list is published. Hospital PAC money: FEC bulk files, 2024 and 2026 cycles, PAC contributions from hospital systems and hospital associations, in FEC files retrieved October 8, 2026.

What is on the docket

The fights this committee will decide in 2027

Site-neutral payment

Whether Medicare keeps paying hospital outpatient departments more than independent offices for the same service. CMS cut the hospital rate for drug administration at off-campus departments from January 1, 2026. Congress decides whether to extend that to other services.

IN PLAY · Reform partly final

The nonprofit hospital tax exemption

Whether tax-exempt systems must show charity care in proportion to the tax breaks they receive. Not on the incoming chairman’s stated list.

UNADDRESSED · Not on the agenda

Medicaid financing

Provider taxes and state-directed payments that recycle federal money back to hospital systems. The 2025 reconciliation law bars new provider taxes, freezes existing ones and phases down directed payments from 2028.

ENACTED 2025 · Phasing in

Health care for all

The incoming chairman has called for a new foundation for the health system that guarantees coverage. A Republican White House can veto it.

NEW MAJORITY PRIORITY

Work for a member of this committee?

Every health system in your member’s state, with its subsidies, reserves, executive pay and offshore holdings, sourced to the filing. Ready for a hearing.

Sources: Senate Finance Committee; Standing Rules of the Senate; AP race calls as reported by CBS News, NBC News, NPR and state outlets; Senator Wyden’s November 4, 2026 statement as reported by KTVZ and The Hill; CMS CY2026 OPPS final rule; Public Law 119-21; FEC bulk data. How the Machine Score works · Report a correction