I look forward to continuing to work with my colleagues on both sides of the aisle to get the Health Care Price Transparency Act 2.0 to the President's desk.

Today I am releasing a report that highlights the need for Congress to enact additional transparency across the health care supply chain.

Health care costs have risen astronomically from where they were just a few decades ago, to now approaching 18 percent of our GDP.

that is the ultimately behavior of a monopoly, and remember, they are the supplier, and this is going against their own customers, and that, to me, is indicative of why we are in the pickle we are in.

President Trump put in place regulations requiring hospitals and insurers to disclose prices. President Biden has continued to support it.

It is time to deliver for our seniors, our families, and Americans all across the country.

By the way, before my time runs out, back in 2008, the insurance companies told me that if you can create a market and an engaged consumer you will save so much money.

The Health Care PRICE Transparency Act will, among other priorities, empower us as employers to access our claims data through a daily data transaction set.

We need policies that empower patients and provide employers with the information necessary to create the best health care benefit for their employees.

That's why we need the Braun Sanders bill, and section seven in particular.

They also told me you would save so much money you can protect your employee with not having to engage in the coinsurance.

That is why hospitals now comprise about 45 percent of the health care dollar because they have bought up so many clinics, and as soon as they buy the clinics the prices go up.

We strongly endorse the bipartisan Senate Bill 3548, The Health Care PRICE Transparency Act 2.0, introduced by Senate Health Education Labor and Pensions (HELP) Committee member Senator Mike Braun and Committee Chairman Bernie Sanders.

I do not know of one other industry where we have had to bring, at the federal government level, a transparency bill.

one of the reasons that the Braun-Sanders bill is so important is because it makes this data available in a standardized format

we end up with something like a Chapter 11 in the real world, which means sooner or later you've got to get our spending in line with our revenue.

But generally that would mean once you cut taxes you're depriving the treasury in the short run.

Thank you for having the discussion on budget here today.