Video archive of the US Congress

House Proceeding 09-24-09 on Sep 24th, 2009 :: 0:14:05 to 0:16:20
Total video length: 55 minutes Stream Tools: Stream Overview | Edit Time

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Henry A. Waxman

0:14:03 to 0:14:24( Edit History Discussion )

Henry A. Waxman: understanding of what the long-term implications of this are. with that, mr. speaker, i reserve the balance of my time the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new jersey. mr. pallone: mr. speaker, i chairman of the energy and commerce committee, mr. waxman, two minutes. the speaker pro tempore: the gentleman is recognized for two minutes.

Henry A. Waxman

0:14:05 to 0:16:20( Edit History Discussion )
Speech By: Henry A. Waxman

Henry A. Waxman

0:14:25 to 0:14:46( Edit History Discussion )

Henry A. Waxman: mr. waxman: mr. speaker and my colleagues, this is a simple bill. it corrects a minor formulaic problem with the calculations of medicare premiums for some beneficiaries. not all but just some. and we are faced with a very short time in which to act. the administration has told us that the social security agency needs to know what premium to

Henry A. Waxman

0:14:47 to 0:15:07( Edit History Discussion )

Henry A. Waxman: program into their system by or about october 1. this legislation deals with the situation where under current law some seniors will face unusually steep premium increases next year. beneficiaries pay $96 today. could face premiums of $110 or

Henry A. Waxman

0:15:08 to 0:15:28( Edit History Discussion )

Henry A. Waxman: even $120 per month next year if we don't act today. the reason for that is that there's no increase in the cost of living under their sial security. but for these few medicare beneficiaries there would be an increase in their part b premium passed on to them.

Henry A. Waxman

0:15:29 to 0:15:50( Edit History Discussion )

Henry A. Waxman: about 3/4 of beneficiaries face this steep premium increase. the legislation would protect the other 1/4, over 11 million beneficiaries. it will help new medicare enrollees, other civil service retirees and others who don't receive social security benefits and state government.

Henry A. Waxman

0:15:51 to 0:16:13( Edit History Discussion )

Henry A. Waxman: it would not add to the deficit. it would be financed by reductions in other medicare spending. it's an important bill. it's not the most important bill that we're going to face in the health care area. that's coming up very soon. but for those of us who have always supported the medicare program and have been concerned about the medicare beneficiaries, we see that

Henry A. Waxman

0:16:14 to 0:16:21( Edit History Discussion )

Henry A. Waxman: we've been successful from most of them not having to face this problem, but we need to cor this problem that will be faced

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