House Ways & Means Committee Issues Testimony From Rep. Shalala
"Chairman thank you for having me today. I would like to touch on a few things that are important to me and my district that I hope the Committee will consider this
Medicare
"Many members, including myself, believe they were sent to
"Medicare has seen very little substantive changes to beneficiary benefits, since
"While I support reaching universal coverage, I do not support a full overall of the health insurance system--it is not practical and too disruptive. None of us, if we were to start from scratch would design the health insurance system we have today, but for better or worse it is the system we must work with.
"I hope that this Committee, which I know from experience, is so critical to the health of millions of Americans, is not so distracted by a larger, more politically-fraught discussion on health care reform to work on improving the health insurance system--Medicare--that more than 40 million Americans rely on today.
Medigap
"To that end, until such time that Medicare is improved so that coverage is more comprehensive, I believe it is important for this Committee to address gaps in federal Medigap regulation.
"A quarter of all original Medicare beneficiaries purchase a Medigap plan. While it is less well known, depending on the state you reside in people on Medicare can--in some situations--be denied a Medigap policy if they have a pre-existing condition. As you can imagine, very few people over the age of 65 DON'T have a pre-existing condition. Federal law does provide limited consumer protections for seniors who want to or need to purchase Medigap plans and certain states also provide additional coverage.
"But in the majority of states, people who switch from a Medicare Advantage plan to traditional Medicare may be denied a Medigap plan due to a pre-existing condition. As someone who represents a district with a high percentage of Medicare beneficiaries in Medicare Advantage plans--over 60 percent--this concerns me.
"I appreciate the work that members on this Committee, including
Trade
"Finally, I urge the Committee to consider and pass H.R. 101: The Defending Domestic Production Act a bill introduced by your colleague and my fellow Floridian Congressman
"Thank you for allowing me to testify before today and I look forward to working with the Committee on a number of issues."
[TheHill]



Lower Colorado River Authority Awards $50,000 Grant for New Fire Training Tower in Burnet
House Ways & Means Committee Issues Testimony From Rep. Underwood
Advisor News
- The DOL wants to open the gates to private equity in 401(k)s. Good idea?
- How to manage credit card debt in retirement
- Reynolds signs temporary tax hike
- Gov. Kim Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
- Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
More Advisor NewsAnnuity News
- Three ways the Corebridge/Equitable merger could shake up the annuity market
- Corebridge, Equitable merge to create potential new annuity sales king
- LIMRA: Final retail annuity sales total $464.1 billion in 2025
- How annuities can enhance retirement income for post-pension clients
- We can help find a loved one’s life insurance policy
More Annuity NewsHealth/Employee Benefits News
- Wyden, Merkley slam ‘baseless’ federal investigation into Oregon abortion coverage requirement
- Meals, mortgage or medicine? Floridians on Obamacare are facing tough choices
- Barack Obama Reflects on the Affordable Care Act as a Top Achievement and Highlights Its Successes. A Ton of People Vehemently Disagree
- Hawai'i's Top Employers Profiles 2026
- Amesbury FD receives grant for cardiac screenings
More Health/Employee Benefits NewsLife Insurance News
- Hawai'i's Top Employers Profiles 2026
- Corebridge, Equitable Merger Creates $1.5tr Platfrom
- AM Best Removes from Under Review with Positive Implications and Affirms Credit Ratings of Sompo Seguros Mexico S.A. de C.V.
- Corebridge, Equitable merge to create potential new annuity sales king
- Aflac adds new long-term care rider
More Life Insurance News