On the recordJanuary 6, 2016
I appreciate the gentleman's courtesy. Mr. Chairman, I have certain sympathy to what my friend from California talked about. There are areas of being able to move forward to be able to fine-tune the regulatory system. The problem with the approach that is taken here--it has no chance of being enacted into law and includes sort of a mindless approach in a formula basis that has no reality basis going forward. We have used government regulation to be able to fine-tune legislation. Can it be done better? I have no doubt. One of the things I feel very strongly about, it is not a case of having a mindless formula, having a group of unelected bureaucrats. I find that my friends on the other side of the aisle had spasms of angst and fury about unelected bureaucrats advising Congress dealing with the Affordable Care Act to try and help maintain targets for Medicare savings, but they have referred to unelected bureaucrats in this regard. One of the things that I think is important is that we not implement a theory here that would engage us in more rulemaking, more expenses. This would effectively dramatically increase the amount of time and energy, reducing the flexibility to be able to move forward. It would be much more productive if we were focusing on the principle of performance-based regulation.…





