Senate Proceeding on Dec 4th, 2009 :: 6:59:30 to 7:00:40
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6:59:25 to 6:59:46( Edit History Discussion )

Max Baucus: who yields time? the senate will come to order. please remove your conversations from the floor so the senator from montana can be heard. the senator from montana. mr. baucus: mr. president, the pending motion would strike the savings that the bill achieves from medicare advantage.

6:59:30 to 7:00:40( Edit History Discussion )
Speech By: Max Baucus

6:59:47 to 7:00:07( Edit History Discussion )

Max Baucus: why are we seeking savings from medicare advantage? because medpac tells us that the government pays the private insurance companies that provide medicare advantage 14% more than they pay for traditional medicare. because these extra subsidies to medicare advantage cause the four-fifths of seniors to

7:00:08 to 7:00:28( Edit History Discussion )

Max Baucus: traditional medicare $90 per month even though they get additional advantage. because medpac says the additional medicare advantage payments hasten the solvency of medicare part-a trust fund by 18 months. because the private insurance companies that provide medicare advantage are making three-quarters of their from these government overpayments, they can find some of the savings there. because private insurance

7:00:29 to 7:00:40( Edit History Discussion )

Max Baucus: companies who provide medicare advantage are paying their c.e.o.'s $24 million a year, $ million, $8 million and they can find some of the savings there. and because nothing we do in our bill reduces guaranteed benefits under medicare.