Hatch Statement on Treasury’s Proposed Earnings Stripping Rule & Anti-Inversion Guidance
WASHINGTON – Today, the U.S. Treasury Department issued proposed regulations aimed at curbing earnings stripping, a common practice used by companies that redomicile, or invert, their headquarters overseas for tax purposes. The Department also issued additional anti-inversion guidance and released an updated framework for business tax reform. In response, Senate Finance Committee Chairman Orrin Hatch (R-Utah) issued […]
Hatch Statement on Medicare Advantage Rate Announcement
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today highlighted changes announced by the Centers for Medicare and Medicaid Services (CMS) regarding Medicare Advantage (MA) rates and issued the following statement: “Today, the administration ignored warnings from Republicans and circumvented Congress to announce regulations that make harmful cuts to the Medicare Advantage Employer Group Waiver Plans (MA-EGWPs). […]
Senate and House Health Leaders Highlight Importance of Incentivizing Abuse-Deterrent Drug Formulations
Bicameral Leaders Praise CMS for Seeking Further Input on Medicaid Drug Rebate Regulation and Encourage Agency to Protect Drug Innovations that Combat Drug Abuse WASHINGTON, DC – Bicameral leaders sent a letter on Thursday to the Centers for Medicare and Medicaid Services (CMS) applauding their decision in a February 1, 2016, final rule to hold off […]
Senate and House Committee Leaders Seek Answers from Administration on 316 Security Breaches on HealthCare.gov
WASHINGTON, March 23 – Republican committee leaders in the Senate and House today asked the administration for information about the 316 security breaches on HealthCare.gov catalogued in a new report released by the nonpartisan government watchdog, the Government Accountability Office (GAO). The Senate and House members sent a letter to Health and Human Services Secretary Sylvia […]
Obamacare at Six Years: Republicans Chart Path Towards Repeal and Replace
Conservative Efforts, Legislative Victories Chip Away at Health Law’s Tax Hike When Obamacare was signed into law without a single Republican vote, it levied a slew of new taxes on a struggling economy totaling nearly $1 trillion. In 2015, when Republicans took control of both houses of Congress, they promised Americans to take action and they […]
Hatch Says Responsible Solutions Needed for Puerto Rico’s Debt Crisis
Utah Senator Says, “Since last summer, well before almost anyone in Congress really began thinking about the challenges facing Puerto Rico and long before we saw any outlandish legislative proposals from our friends on the other side, I have been calling on my colleagues on both sides of the aisle to work with me to […]
Obamacare at Six Years, CO-OP Failures Leave Half a Million Scrambling
New Nonpartisan Report Details Administration’s CO-OP Shortfalls For years, Republicans in Congress have questioned the administration on how they planned to responsibly implement Obamacare’s controversial Consumer Operated and Oriented Plans (CO-OPs). From the more than two billion dollars in loans doled out to states to skepticism about the administration’s issuance of rules that allowed for creative accounting […]
Hatch Statement at Finance Committee Hearing on Obamacare at Six Years
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a hearing examining deficiencies with HealthCare.gov and the current state of the Patient Protection and Affordable Care Act (PPACA) and how it is impacting patients and taxpayers: Good morning. It is a pleasure to welcome everyone to today’s […]
Obamacare at Six Years: Failing to Address Sky-Rocketing Costs
Americans Paying More in Taxes and More for Care under the Law From the start, President Obama’s heath law has been a series of broken promises. And nearly six years later, the law’s negative consequences continue to plague the pocketbooks of patients and taxpayers. Take a look: FACT: We were promised that Obamacare would lower health care […]
Hatch Questions Administration on $25 Billion Cash Grant Program for Green Energy
Stimulus Program Under Scrutiny from Congress and Nonpartisan Watchdogs WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) yesterday sent a letter to Treasury Secretary Jack Lew and Internal Revenue Service (IRS) Commissioner John Koskinen pressing the administration on the Section 1603 grant program, a program created by the American Recovery and Reinvestment Act of 2009 […]