Frank Pallone actually said...

"If Congress fails to act in the next couple days, sequestration will result in a 2 percent cut in the Medicare funding."

"The NAIC, which is the National Association of Insurance Commissioners, they supported this compromise."

"I mean, I am just trying to point out that the NAIC, which represents the Nation's insurance commissioners, agrees with the current MLR calculation with respect to fraud."

"Thank you, Mr. Chairman."