[background noises] quick to subcommittee will come to order the chair will recognize for five minutes for Opening Statement. Also a lot of things happening in the whole house today between both sides. And so we are going to have to try to manage this hearing and thank you everyone who is testifying first and second for your patience and willingness to work with everyone. We appreciate that. The chart recognize mckay will recognize myself an Opening Statement. Today we are considering legislation to rewrite greater access to care for seniors with lower cost Prescription Drugs reducing unnecessary red tape for Healthcare Providers. We are also considering proposals design to make updates to our physician reimbursement bottles distract the critical balance between driving Higher Quality care while ensuring Medicare Programs remain solid for future generations. According to september 2023 report the centers for Medicare Medicaid Services Healthcare is expected gdp over the next decade. Th
Just under three hours. [background noises] [background noises] quick to subcommittee will come to order the chair will recognize for five minutes for Opening Statement. Also a lot of things happening in the whole house today between both sides. And so we are going to have to try to manage this hearing and thank you everyone who is testifying first and second for your patience and willingness to work with everyone. We appreciate that. The chart recognize mckay will recognize myself an Opening Statement. Today we are considering legislation to rewrite greater access to care for seniors with lower cost Prescription Drugs reducing unnecessary red tape for Healthcare Providers. We are also considering proposals design to make updates to our physician reimbursement bottles distract the critical balance between driving Higher Quality care while ensuring Medicare Programs remain solid for future generations. According to september 2023 report the centers for Medicare Medicaid Services Healthc
Just under three hours. [background noises] [background noises] quick to subcommittee will come to order the chair will recognize for five minutes for Opening Statement. Also a lot of things happening in the whole house today between both sides. And so we are going to have to try to manage this hearing and thank you everyone who is testifying first and second for your patience and willingness to work with everyone. We appreciate that. The chart recognize mckay will recognize myself an Opening Statement. Today we are considering legislation to rewrite greater access to care for seniors with lower cost Prescription Drugs reducing unnecessary red tape for Healthcare Providers. We are also considering proposals design to make updates to our physician reimbursement bottles distract the critical balance between driving Higher Quality care while ensuring Medicare Programs remain solid for future generations. According to september 2023 report the centers for Medicare Medicaid Services Healthc
[background noises] quick to subcommittee will come to order the chair will recognize for five minutes for Opening Statement. Also a lot of things happening in the whole house today between both sides. And so we are going to have to try to manage this hearing and thank you everyone who is testifying first and second for your patience and willingness to work with everyone. We appreciate that. The chart recognize mckay will recognize myself an Opening Statement. Today we are considering legislation to rewrite greater access to care for seniors with lower cost Prescription Drugs reducing unnecessary red tape for Healthcare Providers. We are also considering proposals design to make updates to our physician reimbursement bottles distract the critical balance between driving Higher Quality care while ensuring Medicare Programs remain solid for future generations. According to september 2023 report the centers for Medicare Medicaid Services Healthcare is expected gdp over the next decade. Th
Percent of the costs you have another 70 percent that needs to be managed if that leads me to my last slide the pharmaceutical management will be critical in the future we need to foster competition that works not people to set prices based on with no reason we need optimal utilization by members most people fail to follow their drug regiment we need to make it a value based payment and coverage policy you are getting the best benefit for following your drugs and make sure that all the costs are transparent so people know what their bowing and increase the medication adherence and make sure we have the data so we can address the gaps in care and make sure that if a drug can be administered at a site we go to the lower site if you can take it at home or at the Physicians Office not going to the hospital it is 2 hundred percent higher and in closing you also have to remember the person that is taking the speciality drugs those individuals not only are they bearing a high cost of the drug