Posts Tagged ‘Senate Finance Committee’
Key Documents
October 29, 2009Baucus Health Proposal
UPDATED 10/19: Click here for updated legislative language of the Baucus Bill.
NEW 10/19: Click here for the Senate Finance Committee Report.
September 16, 2009 CBO Analysis of Baucus proposal.
September 22, 2009 CBO Analysis of Baucus proposal.
September 22, 2009 Letter to Senator Grassley (R-IA)
September 24, 2009 Scoring Implications of Modifications to the Chairman’s Mark.
October 11, 2009 America’s Health Insurance Plans report on the potential impact the Baucus proposal could have on the cost of private health coverage (conducted by PricewaterhouseCoopers LLP).
October 22, 2009: Letter from 13 Dems regarding Medicaid concerns.
Tags: Amendments, CBO, health reform, Max Baucus, Senate Finance Committee
Latest Research
October 27, 2009A Health Bill for the Record Book!
On Monday the Senate Finance Committee unveiled the legislative text of S. 1796 — dubbed “America’s Healthy Future Act” — revealing to fans of legislative “bloatware” a new one for the record book!
Not only does this latest entry in the Congress League’s 111th season “monster bill” competition outstrip all other current contenders in the Health Division, it even eclipses the previous all-time division titleholder.
At a staggering 1,502 pages, the Finance Committee bill dwarfs the Senate HELP Committee’s 839 page bill (S.1679), and is nearly one-and-a-half times the size of this season’s closest divisional competitor, the 1,018 page House “Tri-Committee” bill (H.R. 3200). (more…)
Tags: Max Baucus, Obama Health Care Plan, Obama's failed stimulus, Senate Finance Committee
Quotable
October 13, 2009Senate Republican Leader Mitch McConnell (Ky.)
“The fact is, this proposal will never come before the Senate. But what we do know is that the bill written behind closed doors here in the Capitol will be another 1,000-page, trillion-dollar Washington takeover. We know it will slash a half-trillion dollars from seniors’ Medicare, add new taxes and raise premiums. That’s not reform.” — response after the Senate Finance Committee’s vote to approve health reform legislation (October 13, 2009, press release)
Tags: health reform, Senate Finance Committee, Washington takeover
In the News
October 13, 2009Congress Dismisses Public’s Transparency Demands
This past summer, hundreds of thousands of Americans attended townhall meetings and demanded their representatives be more upfront about the health reform legislation being crafted to overhaul one-sixth of the U.S. economy. But Congress continues to operate in a shroud of ambiguity. Members of the Senate Finance Committee even recently defeated an amendment that would have required Congress to post the actual committee bill (the committee currently is working on conceptual framework of a bill) online for at least 72 hours before voting on it.
Sen. John Kerry (D-Mass.) went as far to say the actual bills use arcane language that ordinary Americans wouldn’t understand. Regardless, the public has a right to have time (at least five days) to read the bills before they’re voted on. That’s what President Barack Obama campaigned on and he should hold Congress to keep that promise.
For more videos, visit our Dose of Reality: Fact Checking the White House page.
Tags: Barack Obama, health care, John Kerry, Senate Finance Committee
In the News
October 9, 2009Senate’s Health Care Reform Has Unknown Costs
The Congressional Budget Office’s (CBO) preliminary analysis of the conceptual framework (not a complete bill) for the Senate Finance Committee’s health reform has been pegged to only cost taxpayers $829 billion over the next 10 years. But as Heritage and other health policy experts point out, there are a lot of hidden costs that aren’t being reported.
In a newly released Web memo, Heritage health policy analyst Greg D’Angelo points out the latest CBO estimate of the Senate Finance Committee legislation, penned by Chairman Sen. Max Baucus (D-Mont.), is subject to change. Even with the amendments added into the legislative framework, D’Angelo quotes the CBO report that the proposal “has not been embodied in legislative language.” Therefore, lawmakers can and likely will make changes that alter the final price tag, writes D’Angelo, who also examined CBO scores for other health reform bills in Congress.
Health care economist James Capretta, with the Ethics and Public Policy Center, highlights in a new blog the CBO projection assumes Congress will follow through with Medicare and Medicaid cuts. History shows that when lawmakers made “arbitrary, across-the-board cuts, it was only a matter of months before they were scrambling to restore the cuts.” Restoring cuts in Medicare physician fees would add more than $200 billion to the plan’s bottom line, Capretta notes.
Also, Capretta mentions a so-called “firewall” within the Baucus legislation.
“CBO’s assessment of the Baucus bill is built on the dubious assumption that Congress can hand out a lucrative new entitlement to a limited number of low- and moderate-income voters while denying it to tens of millions of others.
…All but the smallest employers would be required to offer qualifying coverage to their full-time workers to avoid hefty taxes, and the employees would have no choice but to take what is offered to avoid paying a penalty tax themselves. The“firewall” thus prevents workers from exiting employer-based plans for the exchanges.”
The Senate Finance Committee is expected to vote Tuesday on the legislation.
Tags: CBO, health care reform, Sen. Max Baucus, Senate Finance Committee
Quotable
October 8, 2009Sen. John Cornyn (R-Texas)
“Some have claimed that cutting the ‘extra payments’ to Medicare Advantage plans reduces insurance company profits. The fact is 75 percent of those ‘extra payments’ go directly to better benefits for seniors under current law.
Unfortunately, the Finance Committee bill will take away those benefits from seniors enrolled in Medicare Advantage. The Finance Committee proposal cuts nearly $130 billion from the Medicare Advantage program. Common sense says you cannot do that without affecting seniors’ benefits.” — (October 8, 2009 delivered remarks on the Senate floor)
See Cornyn’s full remarks in this video clip.
Latest Research
October 6, 2009How the Baucus Health Bill Will Harm State Budgets
Just hours after the Senate Finance Committee completed its mark-up of its version of health care reform, Committee staff released a statement that announced, “[i]n a letter sent to Congressional leaders yesterday, Democratic governors affirmed their shared commitment to expanding health care coverage to millions of low-income Americans through the Medicaid program.”
Worried Governors
The press release, however, overstates the case. The governors’ letter does not even mention Medicaid. The very general sentiments expressed in the governors letter such as “… the status quo is no longer an option …” and “[s]kyrocketing health care costs hurt families …” are broadly if not universally shared. Democratic governors from 21 states signed the letter, of which 8 will be out of office before the Medicaid expansion even begins. One Democratic governor who did not sign the letter, Tennessee Gov. Phil Bredesen warns, “I can’t think of a worse time for this bill to be coming. I’d love to see it happen. But nobody’s going to put their state into bankruptcy or their education system in the tank for it.” (more…)
Tags: Baucus bill, Congressional Budget Office, Medicaid, Senate Finance Committee
Latest Research
October 5, 2009Obamacare: Day Seven In The Senate Finance Committee

On Thursday, October 1, the Senate Finance Committee heard the last of amendments to the America’s Healthy Choices Act of 2009. Senators continued to hammer out the details of health policy, even as they continued to openly contradict many of the President’s high profile promises on health reform, including his promise to refrain from imposing more taxes on America’s middle class.
A State-Based Government Run Health Plan (Cantwell Amendment C15)
Following the failure of the Rockefeller and Schumer amendments to creates a national government run health plan to compete against private health plans, Senator Maria Cantwell (D-WA) introduced an amendment to create a state-run, federally-funded public health care plan that the states can choose whether or not to adopt. (more…)
Tags: Jim Bunning, Maria Cantwell, Obama Health Care Plan, public option, Senate Finance Committee, taxes
In the News
October 5, 2009The Vapor Bill – Congress’ Secret Plan to Pass Obamacare – Update
President Barack Obama’s push for a sweeping health care overhaul edged closer to a major victory in the Senate Finance Committee. Early this week, the Senate Finance Committee will vote on final passage on the “Vapor Bill” being debated and marked up in Committee. The term “Vapor Bill” is used to describe the legislation, because the Senate Finance Committee has been debating the outline of a bill and not actual bill text in Committee. Senator Jim Bunning (R-KY) offered an amendment to allow a reading of the bill for 72 hours before final passage, so that members could read the bill they were voting upon, yet liberals in the committee blocked this amendment. We have mapped out one scenario for Senate consideration before, but we now have more details on the secret plan to pass Obamacare.
The Senate floor debate on health legislation could start as early as next week, but more likely they will consider Obamacare starting on October 13th. The Senate Finance Committee has been held up and will not have a final vote on the Committee bill until next Tuesday, therefore the Senate will have to wait another week before the debate starts.
Here is what we know. Sources on K Street and on Capitol Hill have confirmed the following scenario: (more…)
Tags: Congressional Budget Office, Jim Bunning, Obama Health Care Plan, Senate Finance Committee
Latest Research
October 1, 2009Obama’s Health Care Tax Explanation: Doesn’t Pass the Laugh Test
The White House put out talking points on Tuesday in an attempt to deflect the debate on the multitude of tax increases in the health care plan working through the Senate Finance Committee. These tax increases almost uniformly violate (again) the President’s plan not to raise taxes on middle-income Americans.
The White House asserts that fees on insurance companies, drugmakers, devicemakers, etc. won’t be passed on to consumers as a hidden tax. They offer three explanations.
“First, the fees are lump sum, not per unit, so you should not expect the manufacturers to pass them on”.
This argument does not pass the laugh test. Fees become costs and cost are passed on in higher prices. Apparently, the White House does not believe the accountants at these companies are capable of the simple calculation of spreading a fee over a number of devices or policyholders. And apparently the White House believes shareholders of these companies are willing to accept without reaction to the federal government digging deeper into wallets. (more…)
Tags: Barack Obama, health care, ObamaCare, Senate Finance Committee, taxes





