The new venture will focus on developing solutions for the health problems that most often accompany poverty, such as opioid addiction and mental health disorders. (Photo: David Paul Morris/Bloomberg)

Andy Slavitt, the Obama-era administrator for the Center for Medicare and Medicaid Services, announced Tuesday that he is starting a venture capital firm aimed at “investing in the most vulnerable Americans.”

The new firm, Town Hall Ventures, pays homage to the town hall meetings that Slavitt held throughout the country amidst Republican attempts last year to dismantle the Affordable Care Act.

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