House and Senate begin hearings on the ACA

The Republican controlled House of Representatives began holding hearings to highlight their fiscal concerns about the law while the Democratic Senate held its first in a series of hearings to showcase the law’s consumer benefits and its projected impact on the deficit:

The House Ways and Means Committee held its fist hearing of 2011 to “explore the impact on jobs stemming from the new taxes and new federal regulatory requirements” For more information see http://waysandmeans.house.gov/Calendar/EventSingle.aspx?EventID=220619

The House Committee on the Budget also utilized its first hearing of the year to determine the “fiscal consequences of the new health care law.” The main witness was the Chief Actuary of the Centers for Medicare and Medicaid Services (CMS), Richard Foster.  Mr. Foster mostly affirmed the analyses of the Congressional Budget Office (CBO) that the law will decrease the federal deficit over the next ten years.  For more information see http://budget.house.gov/HearingSchedule/

The Democratically controlled Senate Committee on Health, Education, Labor and Pensions (HELP) heard testimony on the impact of health insurance reforms on consumers.  Health and Human Services Secretary Kathleen Sebelius stated that in addition to giving Americans more control over their health care, the new law is strengthening our economy with more than a million new private sector jobs.  For more information see http://help.senate.gov/hearings/hearing/?id=a3f52183-5056-9502-5de6-a9c486cfa17d

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