Congressional Republicans Ask CMS to Clarify Changes Required by Health Care Law
WASHINGTON, DC - Members of the House Energy and Commerce Committee and Senate Committee on Finance today sent a letter to the Centers for Medicare and Medicaid Services requesting an update on plans to change the calculation used to determine reimbursement rates for prescription drugs in Medicaid. The president's health care law requires CMS to revise the formula for reimbursing pharmacies for generic and multiple source drugs in Medicaid programs by using the Average Manufacturer Price, or AMP, to set Federal Upper Limits. Despite the president's...
Committee Leaders Press DOD for Answers About Contacts with Solyndra
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL) are pressing the Department of Defense for Solyndra related documents. Documents gathered during the investigation reveal that Solyndra officials and investors were seeking DOD contracts as a lifeline for the company. The request comes on the heels of a similar document request to the General Services Administration.
In a letter to Defense Secretary Leon Panetta, the Committee leaders write, "Documents produced to the...
Letter to CMS Regarding Average Manufacturer Price Calculation
To read the letter, click here.
Latest DOE Stimulus Bust, "Enron One," Confirms President's SOTU Warning that "Some Companies Fail"
WASHINGTON, DC - Congressman Cliff Stearns (R-FL), Chairman of the House Energy and Commerce Subcommittee on Oversight and Investigations, is sounding alarm bells in response to today's news that battery maker Ener1 has filed for bankruptcy. Ener1 was previously awarded a $118.5 million stimulus grant from the Department of Energy. Ener1 joins other DOE endorsed companies Solyndra and Beacon Power in bankruptcy. Vice President Biden visited Ener1 one year ago, January 26, 2011, the day after the President pledged in his State of the...
Obama Energy Plans in Action: Additional Electricity Plant Shutdowns Announced as President Continues Energy Roadshow
WASHINGTON, DC - The latest casualties of President Obama's costly power sector rules were revealed today with the announcement that another six power plants are shutting down. The plants -located in Ohio, Pennsylvania, and Maryland -are closing down because of the high cost, uncertainty, and unachievable timelines of several new rules imposed by the Environmental Protection Agency on the power sector. The jobs of more than 500 workers, and the electricity supply relied upon by consumers throughout the region, are directly affected by these plant shutdowns.