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Senate Proceeding on Mar 24th, 2010 :: 3:02:15 to 3:08:15
Total video length: 17 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Jeff Bingaman

3:02:11 to 3:02:31( Edit History Discussion )

Jeff Bingaman: it is not just a triumph for history. it's a triumph american. a senator: mr.resident? the presiding officer: the senator from montana. mr. baucus: mr. president, i'd like to yield to the chairman of the "help" committee -- yield to another distinguished

Jeff Bingaman

3:02:15 to 3:08:15( Edit History Discussion )
Speech By: Jeff Bingaman

Jeff Bingaman

3:02:32 to 3:02:53( Edit History Discussion )

Jeff Bingaman: chairman. this committee but of the energy committee, senator bingaman, for five minutes. mr. bingaman: mr. president -- the presiding officer: the senator from new mexico is recognized. mr. bingaman: let me thank my friend and chairman of our finance committee, senator baucus, and congratulate him on

Jeff Bingaman

3:02:54 to 3:03:14( Edit History Discussion )

Jeff Bingaman: his leadership on this issue for many, many months. first i'd ask unanimous consent that nasim and jason akelson, both who are fellows in my office, be granted the privilege to be on the floor during the pendancey of h.r. 4872.

Jeff Bingaman

3:03:15 to 3:03:35( Edit History Discussion )

Jeff Bingaman: the presiding officer: without objection, it is so ordered. mr. bingaman: this health reconciliation bill. mr. president, i rise in strong support of the reconciliation bill that's before us. it's a historic time for our nation. i'm very glad that after decades of effort, national health

Jeff Bingaman

3:03:36 to 3:03:57( Edit History Discussion )

Jeff Bingaman: reform has become law and that we are considering this set of changes to the law through this reconciliation bill. there's considerable confusion about what health reform, in fact, will accomplish. it's not surprising that there's confusion when you consider all

Jeff Bingaman

3:03:58 to 3:04:20( Edit History Discussion )

Jeff Bingaman: of the nefarious charges that have been made and charges -- claims of nefarious provisions within the legislation. i'm glad to see that most americans, according to polling, believe that the actual provisions that their -- that are described to them, that are contained in the bill, are

Jeff Bingaman

3:04:21 to 3:04:43( Edit History Discussion )

Jeff Bingaman: meritorious and deserve support. simply stated the law has four main goals. it reforms health insurance markets to ensure that americans have access to affordable care that meets their needs. second, the bill improves the efficiency and quality of health care. does it in a way that helps

Jeff Bingaman

3:04:44 to 3:05:05( Edit History Discussion )

Jeff Bingaman: contain rapidly rising costs. third, the bill improves access to primary care and preventive services. and, fourth, the bill significantly reduces the federal deficit over the coming decades. i think we need to focus on what will the effect of the legislation be on particular individuals and families in our states.

Jeff Bingaman

3:05:06 to 3:05:27( Edit History Discussion )

Jeff Bingaman: and i look at our circumstance in new mexico, which i'm proud to represent, and let me just pick out a few examples. first, there are families there that are very happy with their current coverage. and for these folks reform ensures that they can keep that coverage. they do not have to purchase any new coverage offered through

Jeff Bingaman

3:05:28 to 3:05:49( Edit History Discussion )

Jeff Bingaman: healthnsurance exchanges. reform will help protect their coverage. it introduces important policy to put downward pressure on the cost of premiums. requirements that the coverag continues to be meaningful and significant improvements in the overall quality of and their access to health care.

Jeff Bingaman

3:05:50 to 3:06:11( Edit History Discussion )

Jeff Bingaman: small business owners or the people who work for small businesses, they're a third of the people in my home state who fall into that category. for whose who do offer coverage, we know that without reform, they have difficulty affording and keeping meaningful and affordable coverage for their employees.

Jeff Bingaman

3:06:12 to 3:06:33( Edit History Discussion )

Jeff Bingaman: premiums are rising quickly. these costs threaten the financial stability of these small businesses. c.b.o. tells us that for small businesses the impact on reform will be very significant. first, the businesses would have the option to come to the new health exchange -- health insurance exchange and would

Jeff Bingaman

3:06:34 to 3:06:54( Edit History Discussion )

Jeff Bingaman: have a guaranteed source of meaningful coverage for themselves and their employees. in addition, these small businesses may qualify for tax credits for up to 50% of the cost of the coverage. for businesses receiving tax credits and their employees premiums would decrease by 8% to 11% compared to their cost under

Jeff Bingaman

3:06:55 to 3:07:16( Edit History Discussion )

Jeff Bingaman: current law. so small businesses and their employees do well. what about individuals purchasing coverage in the individual market? this is particularly important in my home state where over half of the workers in my state are not offered employer-sponsored coverage. we have the highest percentage of workers without coverage of

Jeff Bingaman

3:07:17 to 3:07:38( Edit History Discussion )

Jeff Bingaman: any state in the union. and like small businesses, individuals today have great difficulty in navigating inrance policies, securing affordable and meaningful coverage. this reform will provide these individuals with the option to come to new health insurance exchanges and have a guaranteed source of meaningful coverage

Jeff Bingaman

3:07:39 to 3:07:59( Edit History Discussion )

Jeff Bingaman: for themselves and their families. congressional budget office predicts that the subsidies that enrollees would pay would be roughly -- would reduce the premiums that they otherwise would have to pay by 50% to 60%. mr. president, let me conclude

Jeff Bingaman

3:08:00 to 3:08:15( Edit History Discussion )

Jeff Bingaman: by asking that the balance of my statement be included in the record. and let me also compliment my other committee chair, who is here on e floor, senator harkin, who worked tirelessly to get this legislation through the "help" committee.

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