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Entries in Chairman Max Baucus (3)

Tuesday
Sep292009

Rockefeller Introduces Public Option Amendment To Finance Committee Bill

Travis Martinez, University of New Mexico /Talk Radio News Service

The biggest debate on the fifth day of markup of the America’s Healthy future Act focused heavily on the “public option.” Liberal Senator Jay Rockefeller (D-WVa.) introduced his amendment to Senate Finance Comittee Chairman Max Baucus' (D-Mont.) mark providing for a “public option,” or what he calls the “Consumer Choice Health Plan.”

The debate began with Senator Orrin Hatch (R-Utah) criticizing Rockefeller's amendment, calling it a “Trojan horse for a single payer program [that] would lead to Washington controlling health care and monitoring prices."

Rockefeller kept a stern attitude on his amendment stating that, “It would not be a government takeover." However, the West Virginia Democrat refused to answer questions put to him by Hatch.

Heavy debate ensued on non-profit insurance programs from Senator Kent Conrad (D-N.D.) and how well they have worked in his state, and how poorly the US as a whole compares to other nations. Conrad made a compelling argument for the “Mutual” based system with non-profit companies that would attempt to provide for universal healthcare coverage.

Senator Jeff Bingaman (D-N.M.) further argued that Medicare rates would be fixed during the first two years under Rockefeller's amendment - Rockefeller proudly held up two fingers. After the two years though, explained Bingaman, rates would be further negotiated, which would essentially adjust prices to fit in line with private companies.

Senator Chuck Schumer (D-N.Y.) compared the health care plan to universities, saying that "There’s both a private university and public university...there should be a choice."

Democrats agreed that Rockefeller’s amendment would build competition within the open market, while Republicans contended that it will bring price adjustments along with a government-run, single payer takeover of the entire healthcare system.

“This is a slippery slope to go down… it will lead to a government-run single payer option,” said Sen. John Ensign (R-Nev.).

Markup is scheduled to continue late Tuesday night and will reconvene Wednesday morning.
Tuesday
Sep222009

Baucus Bill Enters Markup Phase

Travis Martinez, University of New Mexico-Talk Radio News Service

The Senate Finance Committee began markup Tuesday morning of the recently unveiled Healthy America Act, a piece of legislation aimed at lowering insurance costs and increasing health care coverage.

In opening remarks, the committee members all acknowledged the bill as a very good start for health care reform but agreed that there is a long road ahead.

Sen. Olympia Snowe (R-Maine), a moderate Republican whose support on the legislation has been actively sought by both the White House and congressional Democrats, suggested that time needed to be taken in order to carry out reform effectively.

“Let us recall, it took a year and a half to pass Medicare to cover 20 million seniors. We simply can not address one-sixth of our economy, and a matter of such personal and financial significance to every American, on a legislative fast track,” said Snowe.

“I believe the American people rightly expect and are entitled to an extensive, meticulous process that places thoughtful deliberation ahead of arbitrary deadlines," added Snowe. “In that light, the mark before us is a solid starting point – but we are far from the finish line."

Sen. Debbie Stabenow (D-Mich.) outlined her desire to see costs maintained for those who already have health insurance.

“We need to make sure insurance stays affordable for people who already have it. Middle-class families who work hard cannot be subjected to unfair excise taxes on their insurance benefits,” said Stabenow.

Senator Mike Enzi (R-W.Y.) criticized the bill, charging that it would lead to excessive spending and few results.

“The...bill spends too much and does too little to bring down health care costs.  The hidden taxes and government mandates in this bill will actually increase health care costs for many families,” Enzi explained.

Other Senators pursued a way to reduce waste put on by Medicare’s fee-for-service model.

“One of the things that’s most important to me is the reform of the current fee-for-service system.  Right now, our medical system is rewarding an almost relentless utilization,” said Sen. Maria Cantwell (D-Wash.).
Wednesday
Mar042009

Small business was big business in Geithner hearing

by Christina Lovato, University of New Mexico-Talk Radio News Service


“This is a very good budget, because it’s an honest budget...Now just because this is an honest budget does not mean that this is an easy budget. The budget presents some difficult realities, and it presents some hard choices.” said Senate Finance Committee Chairman, Max Baucus (D-Mont).

Today in the Senate Finance Committee meeting, U.S. Treasury Secretary Timothy Geithner testified and expressed why President Obama’s budget plan will work. "We are absolutely committed to working with you on how to produce a package of reforms that meets the President's broad principles in a way that is fiscally responsible for the country...We wanted to put on the table, to improve the credibility of our commitment to do this, concrete proposals that would achieve that.” Geithner stated. 

Senator Chuck Grassley (R-IA) said that in 2007 small business created 74% of new jobs. “I don’t understand why you would charge small business operators more than you would charge corporations...I want to emphasize for the Secretary over half are between 20 and 500 employees. Those larger small businesses are also businesses most likely to expand or contract depending on business conditions.” he stated.

In addition to discussions about small business, taxes, and health care reform, Geithner expressed two critical functions that the government must accomplish to get the economy back on track. “We need to make sure that banks have the resources needed to provide credit to the economy...The basic machinery necessary for credit to work in our country is broken in some respects, the pipes are clogged...So a critical second part of our program is to act directly to get credit flowing again to get those markets to start opening up. The entire small business lending market, the auto finance market, the student loan market, the consumer credit markets depend on that machinery.” Geithner concluded.