Nov 15, 2011
It is my understanding we have until 11 a.m. The ACTING PRESIDENT pro tempore. The Senator is correct. ____________________
Tom Coburn
The Public Record
Tom Coburn is a former U.S. Senator from Oklahoma, serving from 2005 to 2015. A member of the Republican Party, Coburn was known for his fiscal conservatism and advocacy for government transparency. He was a practicing physician before entering politics, which influenced his views on healthcare and government spending. Throughout his tenure, he was a vocal critic of wasteful government expenditures and often called for reforms to improve accountability in Congress.
govinfo.gov
Nov 10, 2011
myself and Senator Barrasso are two of the three doctors in the Senate. Both of us have practiced for over 25 years. We have put out several reports. Every year, Medicare recipients receive a message from Medicare, called ``Medicare and…
Nov 10, 2011
I ask unanimous consent that following Senator Harkin, the Senator from Georgia, Mr. Isakson, be recognized. The PRESIDING OFFICER. Without objection, it is so ordered. Medicare and You
Nov 10, 2011
If the Senator will yield for a moment, one of the reasons our cancer cure rates are a third better than England is because we don't have an IPAB and they do. The No. 1 reason survival rates from cancer in England are lower is because…
Nov 10, 2011
The other thing Medicare recipients should recognize is that under the laws as previously set, the reimbursement for your physician in January is scheduled to decline 27 percent. When I talk to seniors in the State of Oklahoma, one of the…
Nov 10, 2011
This booklet, which will be available on coburn.senate.gov and barrasso.senate.gov to every Medicare patient out there, explains what has actually happened to Medicare in the last year and a half. It explains that $530 billion has been cut…
Nov 9, 2011
I believe Congress should reexamine the federally mandated medical loss ratios in the Patient Protection and Affordable Care Act. Today I will outline four reasons I believe consumers will face increased costs, decreased choice, and…
Nov 2, 2011
It is our obligation in Congress to make sure regulators act in the public interest, based on facts and data, rather than reflexively placing restrictions on unpopular market participants.
Nov 2, 2011
So the point I am making is we had position limits on those commodities, yet we saw tremendous swings, tremendous increased speculation, and tremendous increased volatility.
Nov 2, 2011
Excessive speculation leads to markedly increased volatility, what you should expect some market force on real supply and demand to have some influence on.
Nov 2, 2011
I want to thank Senator Levin for holding this hearing today. He has been a leader for years in Congress on efforts to better understand and monitor commodity markets.
Nov 2, 2011
The most recent version of the rule was rushed through the Commission and applied across the board to 28 separate commodities.
Nov 2, 2011
That futures markets cannot function without speculators who make markets, provide liquidity for hedgers, aid in price discovery, and take risks.
Nov 2, 2011
If this is not a global regulatory scheme on commodity pricing, what you have done will have no significant effect.
Nov 2, 2011
The point is the factual basis of determining excessive speculation needs to be based on something that is concrete, not an aftereffect but something that is concrete.
Nov 2, 2011
Can we change the rules here, in our country can we change the rules on our exchanges and solve this problem?
Nov 2, 2011
The whole goal for position limits is to make sure not anybody is manipulating the market, correct?
Nov 2, 2011
So for clarity for the American people, either there is or there is not excessive speculation, and we have put forward regulations to prevent the potential for that in the future.
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