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Transcripts For CSPAN3 Hearing Examines The Medicaid Program 20170201

Good morning, everyone. Welcome to the newly refurbished, excuse me, well, i want to call it the oversight Investigation Committee room which is sometimes used by energy and commerce, and what a but beautiful room. It is more conducive to the good hearing. This is the the first one of the 115th congress and welcome here, and welcome in the Witnesses Today. This is the and welcome back to my friend and colleague Ranking Member from colorado. This is our Medicaid Oversight Committee on existing problems and ways to strengthen the program. We are convened to examine a critical component of the Affordable Care act, medicaid and medicare expansion. It covers over 70 million americans and accounts for more than 15 of the Health Care Spending in the United States. In 2015 alone, the federal taxpayers spent over 350 billion on medicaid and the costs continue to rise each year according to the congressional budget office, and the shares are expected to rise significantly in the coming the decad

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