Earl Pomeroy: “Providing appropriate funding for Medicare and Medicaid will ensure that this ever-increasing population will have…”

I just want to begin, Mr. Chairman, by thanking you for this hearing and commend this panel in particular.

Thank you. Let me just say a couple words for the record.

I believe that when it is a securitized issue spread around with no remote concept of insurable interest, you raise profound questions about whether or not this tax incentive ought to apply anymore.

We believe we can do much better than this.