Chairman's News


Obamacare Failing Middle Class as Open Enrollment Begins

Obamacare's fourth open enrollment period is kicking off with devastating financial news for American families and taxpayers. With average premiums rising by 25 percent for benchmark plans on the federal exchange, families will have to decide whether to purchase unaffordable insurance, or pay a fine. For individuals and families that forego this unaffordable health insurance, they will have to pay $695 per adult or a maximum of $2,085 per family or 2.5 percent of adjusted gross income, whatever… Continue Reading


Hatch, Wyden, Isakson, Warner Release Proposals to Improve Treatment for Chronic Illness

Finance Committee Members Offer Bipartisan Legislative Language to Improve Chronic Care Outcomes in Medicare WASHINGTON -Today, Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Ranking Member Ron Wyden, D-Ore., along with Senators Johnny Isakson, R-Ga., and Mark Warner, D-Va., co-chairs of the Finance Committee Chronic Care Working Group, released a discussion draft with bipartisan proposals to improve health outcomes for Medicare beneficiaries living with chronic conditions. In addit… Continue Reading


Hatch, Brady Release White Paper Analyzing Obamacare Income Eligibility Verification

WASHINGTON - Following the Administration's release of Obamacare's 2017 benchmark premium increases, Senate Finance Committee Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) today released a Majority Staff White Paper detailing a number of issues plaguing the law's income eligibility verification process. The process, which is used to both determine eligibility and repayment for taxpayer-funded subsidies, has come under scrutiny in more than a doz… Continue Reading


Hatch Statement on Obamacare Premium Increases for 2017

WASHINGTON - Senate Finance Committee Chairman Orrin Hatch (R-Utah) today issued the following statement regarding Obamacare premium increases for 2017: "While the President's allies in Washington will try to spin the numbers, families across the country will be forced to figure out how to pay for such unaffordable insurance. That Obamacare has failed to control costs comes as little surprise for those who have long warned of such results, and does little to dispel the notion we are seeing the… Continue Reading


A Crippling & Costly Law that Now Even Democrats Criticize

Open enrollment is right around the corner, but Americans aren't in a hurry to sign up for unaffordable Obamacare plans. That's precisely why, according to analysts, Obamacare enrollment numbers will see a "significant slowdown". "Enrollment in the Obamacare insurance marketplace is likely to stall or even decline for 2017 as higher premiums drive away people who aren't eligible for government subsidies, according to S&P Global Ratings forecasts." (Bloomberg: Obamacare Enrollment to See 'Si… Continue Reading


Hatch, Brady, Roskam Call on IRS to Explain $12 Million Mistake to Congress and the American People

WASHINGTON, D.C. - Senate Finance Committee Chairman Orrin Hatch (R-UT), House Ways and Means Committee Chairman Kevin Brady (R-TX), and House Ways and Means Oversight Subcommittee Chairman Peter Roskam (R-IL) today sent a letter to Internal Revenue Service (IRS) Commissioner John Koskinen after the Treasury Inspector General for Tax Administration (TIGTA) released a report revealing the IRS's ongoing failure to modernize its email system. The Office of Management and Budget (OMB) in 2012 requir… Continue Reading


Hatch Statement on CMS’s MACRA Quality Payment Rule

Utah Senator Says Final Rule "…marks another critical milestone in the implementation of this historic law." SALT LAKE CITY -Senate Finance Committee Chairman Orrin Hatch (R-Utah) today issued the following statement after the Centers for Medicare and Medicaid Services (CMS) released the final rule for implementing the physician payment reforms included in the historic Medicare Access and CHIP Reauthorization Act of 2015 (MACRA): "This Congress, Washington acted on what many thought was… Continue Reading


Hatch Statement on Treasury’s Final Section 385 Debt-Equity Regulations

SALT LAKE CITY - Today, the U.S. Treasury Department issued final regulations regarding debt and equity rules under Internal Revenue Code section 385. In response, Senate Finance Committee Chairman Orrin Hatch (R-Utah) issued the following statement: "Since the day the regulations were first proposed, the Treasury Department has heard pointed concerns from both Republicans and Democrats, and from numerous American job creators and a wide variety of sectors across the U.S. economy that proceedi… Continue Reading


Hatch Demands Treasury Clarify Use of Secret Memo Regarding Section 385 Debt-Equity Regulations

Senate Finance Committee Chairman Orrin Hatch (R-Utah) today wrote to Treasury Secretary Jack Lew with a series of questions regarding a long-secret Memorandum of Agreement (MOA) with the Office of Management and Budget (OMB) concerning the economic and regulatory effects of tax regulations. The Treasury Department uses the memo, recently made public at Chairman Hatch's urging, to justify forgoing a cost-benefit analysis required by federal law and executive order when issuing tax regulations, … Continue Reading


Solicitation for Comment: Commercial IT Contracting

Over the past several months, the Senate Finance Committee ("Committee") has been examining federal information technology ("IT") contracting practices. To assist the Committee in better understanding these practices, Chairman Hatch is now requesting additional feedback from the commercial IT contracting community on the use of commercial or non-developmental products by federal agencies. This link provides the Chairman's letter outlining the issue as well as specific questions that the Commit… Continue Reading


Spiraling Out of Control, Hurting the Middle Class

As Obamacare's Failed Policies Harm American Families, Democrats Push for More Government Intervention From the beginning, the track record for the President Obama's health law has been anything but stellar. Today, it's not getting any better, and as The New York Times points out, "You may have noticed that Obamacare's health insurance markets are in trouble." (Sept 23, 2016). Yes, we noticed. As Obamacare nears its fourth enrollment season, patients on Obamacare exchanges will have fewer choice… Continue Reading


Hatch, Brady Send Letter to USTR as TTIP Negotiations with EU Resume

Leaders Express Support for Strong Enforcement, Ambitious TTIP Agreement WASHINGTON, D.C. - Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways and Means Committee Chairman Kevin Brady (R-TX) today sent a letter to United States Trade Representative (USTR) Michael Froman regarding the fifteenth round of Transatlantic Trade and Investment Partnership (TTIP) negotiations between the U.S. and European Union (EU), which begin today in New York. In the letter, the Chairmen urged the … Continue Reading


Finance Republicans Press Administration on Financial Viability of Obamacare CO-OPs

As Enrollment Season Nears, Senators Say Transparency Needed for Patients and Taxpayers WASHINGTON - In a letter today, Senate Finance Committee Republicans led by Chairman Orrin Hatch (R-Utah), pressed the Obama Administration for updated information regarding the financial viability of the remaining Consumer Operated and Oriented Plans (CO-OPs). With the enrollment season nearing, the Senators asked the Centers for Medicare & Medicaid Services (CMS) to protect consumers that are currently… Continue Reading


Nonpartisan Watchdog Rules Obamacare Reinsurance Scheme Unlawfully Diverting Billions From Taxpayers

Nonpartisan Watchdog Rules Obamacare Reinsurance Scheme Unlawfully Diverting Billions From TaxpayersSenate and House GOP Health Leaders Urge Administration to Halt "The Great Obamacare Heist," Stop Illegally Diverting Taxpayer Dollars to Insurance Companies WASHINGTON, DC - A group of bicameral Republican health care leaders are pointing to a new legal opinion issued on Obamacare's controversial reinsurance program. The leaders urged the Comptroller General of the United States this spring to pu… Continue Reading


Discredited 'public option' will fail

To cut costs, health care reform requires less government, not more. By Orrin Hatch and Fred UptonSeptember 29, For middle-class families with Obamacare, summer 2016 was plagued with headline headscratchers as they learned costs would be going up and choices would be going down. Today, as the fourth enrollment season nears, the news is not getting any better. And despite repeated promises from President Obama that healthcare costs would decline, the law looks to wield even… Continue Reading

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