Health Care: Commissioners Leave Toughest Medical Loss Ratio Calls to HHS
• "State insurance commissioners can check a major task off their list after unanimously passing a final model for the new health care law's medical loss ratio," CongressDaily (subscription) reports. "But now the Health and Human Services Department must quickly address thorny tax and implementation questions before it issues a final rule."
Sen. Max Baucus, D-Mont.
Biography provided by participant
Senator Max Baucus (D-Mont.) is chairman of the influential Senate Finance Committee, a panel on which he has served for 26 years. The committee's jurisdiction includes taxes, Social Security, Medicare, Medicaid, the Children's Health Insurance Program, and international trade. The Finance Committee is also responsible for examining all budget and tax plans that come before Congress.
In 2003, Senator Baucus co-wrote and passed major prescription drug and health care legislation to provide prescription drug benefits for millions of seniors. In 2007, he led the Senate in passing landmark, bipartisan legislation to renew and improve the Children's Health Insurance Program, which brings health coverage to children whose parents do not qualify for Medicaid, but who cannot afford private health insurance. In 2008, he has dedicated the work of the committee to preparation for comprehensive health reform in 2009, with a major series of hearings and a health reform summit at the Library of Congress on June 16, 2008.
Senator Baucus is known in the U.S. Senate as a moderate who works together with his colleagues to do what's right for Montana and America.