During the House Energy and Commerce Health Subcommittee hearing today, Congressional Budget Office Director Doug Elmendorf and the Centers for Medicare and Medicaid Services Chief Actuary Rick Foster provided insight into the true cost of the health care law, including the effects on private policies, the federal deficit, and medical devices. Health Care Law Increases Cost for Privately Insured
During remarks this morning at Georgetown University, President Obama proclaimed, "Right now, the industry holds tens of millions of acres of leases where it's not producing a drop - sitting on supplies of American energy just waiting to be tapped. That's why part of our plan is to provide new and better incentives that promote rapid, responsible development of these resources."
Previewing the President's Energy Speech: Department of Interior Scapegoats U.S. Job Creators for Failed Energy PoliciesMarch 30, 2011 | Press Release
WASHINGTON, DC - In advance of President Obama's speech today on U.S. energy policy, his Department of Interior has issued a new report chiding U.S. oil and gas companies for our lack of domestic production. The report attempts to blame U.S. companies and job creators for undeveloped leases while stubbornly refusing to acknowledge the administration's role in the stalled development of our nation's energy supplies. House Energy and Commerce Committee Chairman Fred Upton (R-MI) made the following statement regarding the Interior Department's analysis:
WASHINGTON, DC - The House Energy and Commerce Committee today sent a bipartisan letter to 51 medical associations requesting feedback on how to improve the Medicare physician payment system. Congress passed five temporary "fixes" to prevent a major physician payment reduction in 2010, which would limit Medicare patients' access to care. Without further action, physicians will experience a 29 percent cut in 2012. The committee requested ideas be submitted before it convenes a hearing in early May.
Last month, Seahawk Drilling declared Chapter 11 bankruptcy and announced the sale of its assets to shallow-water driller Hercules Offshore. This devastating decision was the culmination of a long period in which we found our customers unable to secure permits for work in the Gulf of Mexico despite the fact that both our industry and our company have excellent safety records. In the 11 months after the Deepwater Horizon accident, it became clear that Seahawk's greatest rival was no longer our industry competitors but the U.S. government.
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) today issued the following statement on the one year anniversary of the health care law: