Thomas E. Petri: “Recently, the Congressional Budget Office reported that this change would save $94 billion over ten years.”

This amendment also reforms administrative and operating reimbursements that the government pays to private insurance companies by capping those payments at $900 million, which is a fairly moderate cap and below what's currently being…

Just to make sure the record is clear, I'm informed by staff that the bill was noticed in regular order, and no rules were waived concerning its regular consideration by the committee or, in fact, by the House. Mr. Speaker, I yield 30…

I encourage all Members to support this bill, and I yield back the balance of my time.

While most normal businesses would raise their prices in the face of rising costs, unfortunately these providers are in the unique position of only having one customer--the Medicaid program.