Senate Finance Committee

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Sebelius: 'Delay Is Not an Option'

Secretary pressed on ObamaCare 'navigators'

(Newser) - Kathleen Sebelius was on Capitol Hill for another grilling today, this time from the Senate Finance Committee, in which she defied calls from both sides of the aisle to delay parts of the implementation of the ObamaCare. "Delaying the Affordable Care Act would not delay people's cancer or... More »

Senate Panel OKs Jack Lew

Treasury nominee now heads to full Senate

(Newser) - The Senate Finance Committee has given Jack Lew its stamp of approval, pushing forward his semi-contentious nomination as secretary of the Treasury by a 19-5 vote, reports Politico . Max Baucus, the panel's Democrat chairman, said ahead of the vote that Lew had answered all questions "in a thorough... More »

Hours Later, Reid Kills New Jobs Bill

Says Baucus measure gives too much ground in trying for GOP votes

(Newser) - Just hours after Max Baucus unveiled an $87 billion jobs bill that had the support of two Republicans on his Senate Finance Committee, Majority Leader Harry Reid shot it down, saying the measure bent over backward to score GOP support, and went beyond the goal of creating jobs. More »

Reid Needs Snowe's Vote

Health care unlikely to pass without moderate Republican

(Newser) - Harry Reid’s leaky supermajority probably won’t hold together well enough to pass health care reform without an assist from Olympia Snowe. Though Reid announced yesterday that “consensus has been reached” among Democrats, any number of them could still peel off, including Ben Nelson, Blanche Lincoln, or Independent... More »

Medicare Buy-In May Replace Public Option

Reid tells Democrats to find compromise by tonight

(Newser) - Senate Democrats trying to hammer out a compromise on health care reform are considering ditching the bill's public option in favor of expanding the public options that already exist. People over 55 will be able to buy into the Medicare program and Medicaid will be expanded under the proposals being... More »

Sen. Sanders Puts Hold on Bernanke Nomination

Independent's move could force Dems to scrape up 60 votes

(Newser) - Saying that Ben Bernanke is too tied to the roots of the current financial crisis and too beholden the institutions that helped cause it, Sen. Bernie Sanders put a hold on the nomination process for a second term for the Federal Reserve chief. The Vermont independent’s move—not much... More »

Dodd Unveils Sweeping Financial Overhaul Bill

It would create new oversight agencies

(Newser) - Chris Dodd introduced a sweeping financial regulation bill that creates no fewer than three new agencies to oversee the banking industry. Dodd’s bill creates an Agency for Financial Stability to identify systemic risks to the economy as a whole. It entrusts all bank supervision to the Financial Institutions Regulatory... More »

Public Option a Go: Reid

Senate bill will include government health plan, with opt-out

(Newser) - Harry Reid will include a public insurance plan in the pending health care reform bill, with a provision allowing individual states to refuse to participate. The Senate majority leader’s bill is likely to include an “opt-out” version of the public plan, taken from the Senate health committee, as... More »

Public Option Now Has Legs in Senate

Hostile insurance industry pushes Dems to consider grab-bag of proposals

(Newser) - The public option, left for dead by the Max Baucus bill that passed the Finance Committee just weeks ago, has a new lease on life in the Senate. Credit goes to a CBO report underwhelmed by that bill's efforts to encourage competition, and a big power play by the insurance... More »

Palin Wades Back Into Health Care Debate

On Facebook, former Alaska gov picks apart Baucus bill

(Newser) - With less than a month to go before the release of her memoir, Sarah Palin has weighed in on the health care debate, opining that the authors of the Baucus bill "no doubt have good intentions, but good intentions aren’t enough." Furthermore, the effort in general "... More »

Health Debate Now Hinges on Public Option

Obama, Reid warm to Snowe 'trigger' plan phased in state by state

(Newser) - The White House and Congress are now wrangling to reconcile the five health care bills on the floors of the House and Senate, and no issue is causing greater headaches than the so-called public option. The Senate Finance Committee's bill, which has the support of Republican Olympia Snowe, doesn't have... More »

Six Senate Swing Votes

From Dems who swing right to left-leaning GOPers, debate promises suspense

(Newser) - As health care reform bills merge and change on the Senate floor, the pool of legislators to watch has grown. The Wall Street Journal takes a look:
  • Olympia Snowe, R-Maine: Her vote for the Finance Committee bill was clutch, but "doesn't forecast what my vote will be tomorrow,"
... More »

Snowe, Not Palin, Is GOP's Real Maverick

Maine senator's yes on health reform isn't first time breaking with the party

(Newser) - Today’s committee vote for a key health-reform measure isn’t the first time Sen. Olympia Snowe has broken with fellow Republicans—and leads Laurie Kellman to call her, and not former Alaska Gov. Sarah Palin, the GOP’s real maverick. Snowe also voted for President Obama’s stimulus package,... More »

Obama Praises 'Critical Milestone' of Baucus Bill

Instead of celebrating, 'now is time to dig in'

(Newser) - President Obama called today's passage of legislation by a key Senate committee "a critical milestone" toward getting a health care overhaul this year, but said "now is not the time to pat ourselves on the back." Obama spoke in the Rose Garden about two hours after the... More »

Baucus Panel Approves Health Bill

Snowe is only Republican 'yes' vote

(Newser) - A pivotal Senate committee has approved a sweeping remake of the country's health care system, delivering a long-sought boost to President Obama's goal of expanding coverage. The 14-9 vote in the Senate Finance Committee sets up a historic debate on the Senate floor and moves health care overhaul closer to... More »

Snowe to Vote for Health Bill

She provides crucial Republican support for Obama's overhaul

(Newser) - Republican Sen. Olympia Snowe says she will vote for a Democratic health care bill, breaking with her party on President Obama's top legislative priority. The Maine senator kept virtually all of Washington guessing how she would vote until she announced it late in the Senate Finance Committee debate today. "... More »

Dour Industry Report Backfires

Dems, GOP alike have hard time believing Hail Mary predicting higher costs

(Newser) - The health insurance industry report presented yesterday that predicts the reform bill will do little to stop rising costs appears to have backfired. Dems are up in arms at the timing and content of the “misleading and harmful” attack from their erstwhile ally in the effort. Sen. Jay Rockefeller... More »

Yea or Nay, How Health Bill Hinges on Snowe's Vote

Either way, Maine Republican will likely preserve leverage going to the floor

(Newser) - The day is finally here: Olympia Snowe will have to vote one way or another on the Senate Finance Committee’s health reform bill. The Maine Republican has been coy—“It’s all about what I’m comfortable doing at the end of the day”—but that doesn’... More »

House, Senate Dems Split on 'Cadillac Tax'

As finance committee votes, caucus divided on how to fund reform

(Newser) - The Senate Finance Committee is poised to send its bill to the full legislature today, but its provision taxing "Cadillac" insurance plans is raising hackles in the House. Max Baucus and other senators say taxing high-cost plans will raise $200 billion, a quarter of the legislation's price tag, and... More »

Industry Report Distorts Health Reform Cost

Insurance firms' numbers blindside Baucus bill's backers

(Newser) - A new report that says the Senate Finance Committee’s reform bill would raise private insurance premiums is riddled with troubling exceptions, writes Jonathan Cohn. The report, commissioned by America's Health Insurance Plans, estimates the costs of premiums over time if the bill is implemented, but it doesn’t take... More »

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