Sen. Hatch Comments on Nomination of Verma as Head of Centers for Medicare
"Today we will consider the nomination of
"CMS is the world's largest health insurer, covering over one-third of the
"
"I suspect you also know that the job you've been nominated for is a thankless one, fraught with numerous challenges.
"The good news is that there are opportunities in those challenges and I believe you are the right person for the job and that you will make the most of those opportunities to improve our healthcare system.
"The failings of Obamacare are urgent and must be addressed in short order."
"Over the past six years, we have watched as the system created under Obamacare has led to increased costs, higher taxes, fewer choices, reduced competition, and more strains on our economy.
"Under Obamacare, health insurance premiums are up by an average of 25 percent this year alone.
"Under Obamacare, Americans, including millions of middle-class Americans, have been hit with a trillion dollars in new taxes.
"And, under Obamacare, major insurers are no longer offering coverage on exchanges, and earlier this week, we learned that another major carrier will exit the market in 2018.
"
"I'd like to talk specifically about
"The
"But we must also acknowledge that the
"We also need to consider various reform proposals that can improve the way
"On the subject of
"While we may hear criticisms of this program from the other side of the dais here today, we should note that HHS and CMS leaders under the
"Now,
"All told, between now and 2030, 76 million baby boomers will become eligible for
"Maintaining the solvency of the
"Now that I've had a chance to discuss the challenges facing CMS and some of
"We've gone through a pretty rough patch recently on this committee, particularly as we've dealt with
"As I've said before, I'm going to do all I can to restore and maintain the customs and traditions of this committee, which has always operated with assumptions of bipartisanship, comity, and good faith. With regard to considering nominations, that means a robust and fair vetting process, a rigorous discussion among committee members, and a vote in an Executive Session.
"On that note, maybe the icy treatment of nominees is starting to thaw today, at least I hope it is. One tradition that has been absent here this session has been the introduction, on many occasions, of nominees by Senators of both parties from the nominees' home states, especially in cases when the nominee and the home state Senator have a relationship. I'm pleased to say that the Senior Senator from
"With that, I look forward to
EditorVail-5779273 EditorVail


Group seeks meeting with LaMalfa on retiree issues
ERISA: House GOP Plan for Repealing & Replacing ACA Leaves Employers in Limbo
Advisor News
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
- Embracing a family-centric approach to financial planning
More Advisor NewsAnnuity News
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity NewsHealth/Employee Benefits News
- PRIOR AUTHORIZATION METRICS PROVIDE NEW INSIGHTS INTO INSURER PRACTICES, BUT GAPS REMAIN
- Healthcare costs are a potent political issue in Georgia, but more for Democrats than Republicans
- Sources say Mangione expected to plead guilty
- NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES INTRODUCES GUIDANCE AND PROPOSED REGULATION TO STRENGTHEN NEW YORK'S SURPRISE MEDICAL BILL RESOLUTION PROCESS
- Luigi Mangione, facing stalking charges in federal court, is expected to plead guilty
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of PT KB Insurance Indonesia
- Westaim Reports Q2 2026 Results for the Quarter Ended June 30, 2026 and Leadership Update for Ceres Life Insurance Company
- Bismarck man convicted of insurance fraud involving dead wife sentenced to prison
- Insurers, rating firms push back on NAIC credit rating oversight plan
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
More Life Insurance News