Elizabeth Warren

So you are saying that what was happening in New York had nothing to do with it, you were not trying to get in front of anything?

I support strong sanctions because I think they are necessary to make this strategy work.

If the Iranians see that the sanctions cannot be lifted, then they will be only more firmly entrenched in pursuing nuclear weapons.

As a country, there is a broad consensus that we should keep all options open and on the table, but that a negotiated solution is far superior to war.

Well, I hope we both agree that the only thing that Treasury would be doing appropriately would be trying to enforce the law and making sure that the banks are enforcing these sanctions and not worrying about the atmospherics around that.

And the word 'atmospherics' means what in this context?

We have broad consensus in this country that we would prefer a negotiated solution in the Middle East.

I support tough, strong sanctions because I think they are necessary to make the strategy work.

Of course, this is, in my view, one of the best parts about the Affordable Care Act--is to close the donut hole so that we get more people filling their prescriptions.

But, surely, you are not pushing back on the point in the Rand study, that a $10 increase in co-pay----

This is not just about the out-of-pocket costs of the drugs, and it is not just about what the government spends on the drugs initially.

I want to talk again about out-of-pocket costs to the individual consumer.

I think we actually need a lot more research.

Just because a drug is prescribed does not mean a drug is actually taken according to the terms of that prescription.

I really appreciate your having this hearing.

We have got to change that if we are going to have better outcomes at lower costs.

We ought to be focused more on patient management and relate to individuals.

I think we have got some great ideas for how, if we make the right investments, we can get better outcomes at lower costs.

I do not see that as minor. I take it to be a good point.

93 percent of traditional Medicare spending goes toward the care of beneficiaries with multiple chronic conditions.

Fair enough that it is not the only one, but size is one that is growing and size is one that is powerfully important.

I really think the evidence suggests that concentration is one of those factors and that when we see the largest financial institutions getting bigger and bigger, that it tells us that we are not clearly on the path to resolving…

The question is specifically about capping the size of the largest financial institutions.

How big do the biggest banks have to get before we consider breaking them up?

Thank you for being here, Secretary Lew. I want to start by talking about a different Brown Amendment.