Pete Sessions: “Reclaiming my time, it is wrong to lose 700,000 more American jobs, and that's the practical effect. The minority leader…”

“Reclaiming my time, it is wrong to lose 700,000 more American jobs, and that's the practical effect. The minority leader and our speakers here all day want to talk about sequestration. The sequestration came as a result of a promise, a deal, an agreement that we as Republicans and House and Senate and the President agreed upon that we would come to an agreement upon how to cut some spending. The President says it's absolutely essential. Now they want to back away from the deal. Well, here's what their deal is: Their deal is, among other things, about the new taxes that will take place. Here's one of them that we know will happen already under law: Medicare DSH payments paid to qualifying hospitals that serve low- income patients will be reduced by 75 percent starting October 1, 2013, in addition to the $700 billion that will be transferred away from senior care. And I know we had an election where we talked about this. One person tried to explain, Well, that's not really right. Those were to a certain group of people that may be rich. But it's right here, to low-income hospitals. That means that we're going to have hospitals that no longer will serve seniors because their payment rate got cut by 75 percent. Tax increases, tax increases on health care; tax increases, as we learned last week, when it was announced that all insurance plans will now be paying an extra $63. Those are passed on to customers, consumers.…”