Sen. Wyden Issues Statement at Finance Committee Hearing on Chronic Care - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 17, 2017 Newswires
Share
Share
Post
Email

Sen. Wyden Issues Statement at Finance Committee Hearing on Chronic Care

Targeted News Service

WASHINGTON, May 16 -- Sen. Ron Wyden, D-Ore., ranking Democratic member of the Senate Finance Committee, issued the following statement:

"Thank you, Chairman Hatch. I have looked forward to this morning for many years. That's because the Finance Committee is beginning to tackle to the premier challenge of American health care policy - specifically, by updating the guarantee of Medicare to better serve seniors with chronic illness.

"When I was director of the Oregon Gray Panthers, Medicare had two parts - A and B. If you broke your ankle and had surgery in the hospital, you used Part A. If you got a bad case of the flu, and you saw the doctor in the office, you used Part B.

"That is not Medicare today. Today, Medicare is about cancer, diabetes, heart disease, strokes, and other chronic conditions. Seniors who have two or more of these chronic conditions account for more than 90 percent of Medicare spending. And today, seniors get their care in a variety of different ways. There's still fee-for-service, but there is also Medicare Advantage, Accountable Care Organizations, and other innovations being tested today.

"Because Medicare is a guarantee of defined benefits, it's past time to update this promise so as to deliver to patients with chronic conditions the best possible care in the most efficient manner. The legislation we will discuss today begins this transformations: more care at home and less in institutions. That's by extending and expanding a successful program I wrote with Senator Markey when he was in the House known as Independence at Home, which is all about allowing seniors with complex and costly chronic conditions to receive specialized care where they're most comfortable - at home. It also expands use of life-saving technology. It places a stronger focus on primary care. In my view, still to come, is ensuring that each senior with multiple chronic conditions has an advocate to guide them through what can be a teeth-gnashing experience of navigating American health care.

"I'd like to make two final points. First is to contrast this with the partisan handling of the debate over the future of the Affordable Care Act. In this instance, the doors were open, not closed. There has been bipartisan cooperation, not partisan reconciliation. And the public was asked to help improve the bill, rather than being taken for granted.

"Finally, I'd like to thank my colleagues, especially Chairman Hatch and Senators Isakson and Warner. We'll hear later this morning about how this process has been a model for bipartisanship and regular order, and it's been an honor to be a part of that process.

"I look forward to hearing from our witnesses."

Older

SFAA Releases Preliminary 2016 Top 100 Reports

Newer

Newly Launched Centre Hosts Day Focused on Patient-Oriented Research in Saskatchewan

Advisor News

  • What happens to insurance planning when a client retires early?
  • Ask the right questions to turn clients into raving fans
  • The first 5 years of your career could determine the next 50
  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • Columbus teachers to pay 8% more for health insurance
  • Pensions, juvenile justice, economic forecasts
  • Confusion And Angst Follow Early Rollout Of Medicaid Work Rules
  • Connecticut immigrants will lose Medicaid coverage Oct. 1. Here's who is affected
  • County commissioners approve switch to NDPERS for employee health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Trust emerges as key battleground for distribution, LIMRA panel agrees
  • AM Best Affirms Credit Ratings of OneAmerica Group Members
  • Launch: Guaranteed Issue Life Insurance, Expanding Access to Financial Protection, introduced by Franklin Madison
  • Franklin Madison introduces guaranteed issue life insurance
  • Panel: Insurers need to rethink products, distribution to close protection gap
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.