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
Good morning, everyone. Welcome to the newly refurbished i dont want to call it the oversight investigation room. Which is sometimes used by energy and commerce. What a beautiful room. And it will be more conducive to hearings. This is the first of the 115th congress. Welcome here. And welcome to our Witnesses Today. This is our and welcome back to my friend and colleague, Ranking Member from colorado. This is our medicaid oversight hearing on ways to strengthen the problem. The subcommittee convenes this hearing to examine a critical component of the Patient Protection and Affordable Care act. Medicaid and Medicaid Expansion. As the Worlds Largest health program, medicaid provides Health Care Coverage for over 70 million americans, and accounts for more than 15 of Health Care Spending in the United States. In 2015 alone, federal taxpayers spent over 350 billion on medicaid. The costs continue to rise each other. The federal share and medicaid spending is expected to rise significantly