GAO Report Finds Physician Self-Referrals Cost Medicare More Than $100 Million Annually, Pose Risk to Beneficiaries
Washington, DC –Senators Max Baucus (D-MT) and Chuck Grassley (R-IA) and Representatives Pete Stark (D-CA) and Sandy Levin (D-MI) and Henry A. Waxman (D-CA) today unveiled a report detailing the role physician self-referrals have in driving up costs for patients, taxpayers, and Medicare A self-referral is the practice of a physician ordering tests on a patient […]
GAO Report Confirms Health Reform Law New Medicare Drug Discounts Saving Seniors Money
Washington, DC – A report released today by Sen. Max Baucus, Reps. Henry Waxman, Sander Levin, and John Dingell confirms the successful implementation of the new Medicare Part D drug discount included in the Affordable Care Act (ACA). The report shows that the landmark health reform law the congressional leaders helped pass is effectively saving […]
Baucus-Grassley Investigation into Medtronic Reveals Manipulated Studies, Close Financial Ties with Researchers
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) and senior member Chuck Grassley (R-Iowa) today released the results of their 16-month investigation into Medtronic, which revealed questionable ties between the medical technology company and the physician consultants tasked with testing and reviewing Medtronic products. Without public disclosure of their roles, Medtronic employees collaborated […]
Baucus Applauds US-Panama FTA Entering into Force Next Week
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today hailed the announcement that the U.S.-Panama Free Trade Agreement (FTA) will enter into force on October 31. The FTA will guarantee U.S. exporters access to Panama’s $20.6 billion services market as well as more than $15 billion in infrastructure projects in Panama for American […]
Baucus to Meet with European Leaders on Fiscal Challenges, Export Opportunities for U.S. Businesses
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) is in Europe for a series of high-level meetings with leaders regarding the eurozone’s ongoing fiscal crisis and its potential impact on the United States and the entire global economy. Over the next four days, the Senator will meet with political, economic and trade leaders […]
Baucus Blasts House Plan to Gut Social Security Administration
Washington, DC – In response to an inquiry from Senate Finance Committee Chairman Max Baucus (D-Mont.), the Social Security Administration (SSA) today warned that drastic funding cuts proposed by the House of Representatives would dramatically impact service to beneficiaries and needlessly waste taxpayer dollars. In a letter to Senator Baucus, Social Security Commissioner Michael Astrue […]
Baucus Says Medicare Fraud Bust Shows Health Reform Helping Law Enforcement Fight Fraud
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) applauded today’s announcement that the Medicare Fraud Strike Force made one of the largest busts in recent history, leading to charges being brought against 91 people in seven cities in connection with nearly $430 million in false billings. Senator Baucus has long fought to prevent fraud and […]
Baucus Calls for Tax Reform to Set Capital Gains Rates that Will Boost Economy, Spark Job Growth
Washington, DC – In a joint Senate Finance and House Ways and Means Committee hearing today, Finance Committee Chairman Max Baucus (D-Mont.) said the process to reform the nation’s tax system must include a comprehensive review of the rates on capital gains to find a level that sparks broad-based growth, creates jobs and strengthens the […]
Baucus Says Reforming Capital Gains Taxes Should Spark Economic Growth, Create Jobs
Winston Churchill once said, “The pessimist sees the difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” As we work on comprehensive tax reform, the treatment of capital gains is one of the most difficult issues we face. Some are pessimistic and don’t believe we can agree. I am optimistic. We need […]
Baucus Sticks up for U.S. Jobs, Voices Strong Support for WTO Case Fighting China’s Unfair Auto Subsidies
MEMORANDUM To:From:Re: Reporters and EditorsThe Communications Office of Senate Finance Committee Chairman Max Baucus (D-Mont.)Baucus Sticks up for U.S. Jobs, Voices Strong Support for WTO Case Fighting China’s Unfair Auto Subsidies Senate Finance Committee Chairman Max Baucus (D-Mont.) voiced strong support for the Administration’s actions in filing a complaint at the World Trade Organization (WTO) […]