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Transcripts For CSPAN Key Capitol Hill Hearings 20150319



said yes. so there was such a huge overpayment going on, 85% of seniors going through traditional medicare 15% through the private insurance market and the amount of money going at that time to private insurance market was hugely overpaid compared to everybody else and most seniors then were picking up the costs system of point is, we put some caps on overpayment that have saved dollars. and that in fact have gone back into making sure seniors can receive prescription drugs by closing the doughnut hole by getting a wellness visit every year without out of pocket cost, and other things. while we have to look at this amendment, i would say to my friend from alabama that i come from a very different perspective about what we actually did because i believe that we looked for savings and then strengthened medicare, in fact benefits for seniors have gone up. mr. when medicare costs were cut, the money should have gone to doc fix, but it was taken and spent on ppaca, but n ....

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