begins, without that, united the ideas back and forth. i staff is working, and i am confident we can have a product out. >> an agreement on the senate' - republican colleagues says systemic risk is find a way it is and they do not need any resolution powers. they have cited the lehman example as a good example. we have an agreement that we have to do something about systemic risk. the fed has to play an important role and there has to be a structure which the other regulators are involved. that will have to be worked out.

the reserve got broad powers by herbert hoover to lend out money. that needs to be curtailed somewhat. will be working on that. we have to do this in a certain way. that is what we are working on. >> what about giving the fed is a much power? >> we need a systemic risk regulator. there is a strong and healthy debate for having the fed doing this. there are legitimate issues that have been ways as to whether an agency should do with monetary policy and can assume that responsibility without being biased to that discussion of

what systemic risk is and how you enforce it. i appreciate the fact the administration has adopted the idea of a consulate on it. i am not embracing the collegial alternative to this idea. it is worthy of a thorough debate and discussion as to whether or not that is a better alternative. there is not a lot of confidence in the fed. i am stating the obvious over what has happened over the last few years. at this juncture, there has been no decision. there is a general consensus that systemic risk regulators -- >> can you find a new way to have an effective agent which the fed is a leading candidate for with the structure that assures people.

>> what about the fed's power to lend money? >> this proposal is that the treasury should have to sign off on it. the federal reserve can lend money to any entity it once in the country as long as it is sufficiently collateralized. the administration is proposing that the treasury would have to sign off on that. >> thank you all very much. [unintelligible] >> we will start tracking -- marking up in july.

we will deal with compensation -- executive compensation which is very important, consumer product safety. we want to take steps forward. >> the whole thing comes together when in september? question a few moments, republican members that the house and-chief of staff rahm emanuel discuss plans for the future of health care. in little less than an hour, attorney general eric holder testifies about a variety of issues facing the justice the permit included the guantanamo bay detainees. >> in washington journal tomorrow morning, we will discuss the situation in iran

with a visiting scholar at johns hopkins university. the reaction to president obama's plant for regulating financial markets from 10 members of the house financial services committee. and we will be joined by syndicated columnist george will. it is like every day at 7:00 a.m. eastern. the senate health committee continues work on health-care legislation tomorrow morning. live coverage is on c-span3 at 10 eastern. every weekend, book tv has the latest of fiction books and others on c-span2. saturday on "after words" they will talk about a book from eduardo galeano.

it airs sunday night at 9 eastern. also sunday, but some the economy. former investment banker will expose miss about the recession and what it will take to recover. -- will expose myths about the recession and what will take to recover. and the formedavit kessler willk about overheating. there is lot more on "book tv." our website has all the programming and several new features to share your favorite programs. >> now house republicans outlined their health-care plan calling for universal access to

insurance while rejecting the concept of a government health insurance option. health care legislation is being debated in house and senate committees. this is >> we want to work with president obama to make sure that we have health care reforms that will help all americans have insurance. if you look at the plan that will be unveiled this morning, which take the current health- care system and improve it to make it work better for all americans. we want to provide easier access

to health insurance for those who cannot afford it and make sure those with pre-existing conditions have access to affordable health insurance. if you look at this plan, it will ensure most americans. it will improve the quality of our health-care system and maintain the innovation that we have in our court system. we all understand that we have the best health-care system in the world. and% of the world's innovation in health care comes from the united states -- 90% of the world innovation in health care comes from the united states. we believe that our plan is a big improvement on the current system that will cost far less than what the administration is proposing. if you look at their plan, it is a big government run a plan that will take control of the delivery of health care in america. i do not think that is what most

americans want. embassies -- families and small businesses are looking for more access. when need to work on that problem. this is a serious -- we need to work on that problem. this is a serious undertaking. we need our ideas to be taken seriously. the stimulus bill, the omnibus appropriation bill, they had ignored our views. we will continue to offer better solutions as i promised on the opening day and gave the gavel to nancy pelosi. we sometimes have to say no and oppose what our democratic colleagues are for. this is a better solution for american families and small businesses who want better access to health care.

i wan>> i want to recognize one person's leadership in health care to come up with a republican plan. health care in america it is about choice. at its core, it is about american families having the ability to choose the health care that best meets their needs. as we saw this week, the congressional budget said the democrats' plan will cost at a minimum $1 trillion in order to implement. that plan clearly misses the mark at many levels. one-third of the current uninsured are going to be covered at the expense of $1 trillion. broken down on an individual basis, that is well over $6,500 per person to ensure when we know right now the average cost per individual on private plans

today is less than $5,000. clearly the government plan is not the answer. our republican plan is needed. we have to come to a consensus on how we implement health care reform in a reasonable fashion that is responsible in terms of taxpayer expenditures and delivers on what the american people want which is toys in their health care. we do that starting with the premise -- which is a choice in their health care. we do that starting with this premise. choice. once we establish this, we say, look, part of what this whole discussion has become so important is that the cost of this country has come out of control and led to increasing numbers of uninsured americans. how is it that we are going to afford the uninsured access to affordable coverage?

the tenet that we will operate on and our plan is based around is we want to provide access to a basic plan for all americans and to have covered on a basic plan. we will do so by making sure that we are incorporating the abilities for people to pull together and access lower costs and bring private sector into the game and keep government out. i applaud the efforts that have resulted in the plan today. i look forward to working with president obama, speaker pelosi, to make sure that we do arrive at a consensus so that we can have some healthier reform in this country. >> of republicans in the house want a plan that is more

affordable where everyone has access regardless of any pre- existing condition they have with a renewed focus on quality and the doctor-patient relationship. the democrats know that americans who have health care coverage now generally like it. that is why they say if you like what you have, you can keep it. we believe and everybody analyzing the future marketplace seems to believe that if there is a government competitor, you will not be able to keep what you have. if there is a government competitor, it will never compete fairly. there will be no competitors before you know it. so what you have is no longer available for what you to have. -- for you to have. more of a marketplace, more access, individual decision making in health-care, one of those decisions may be that i am pleased to continue to have the benefit of the intrapsychic for

my company, or it might be i want to take the tax benefit and go out and have the same benefit which they planned the better fits the needs of my family or myself. we want to see that we do everything we can to do that. there are ways to get uninsured people on the insurance rolls without adding a $1 trillion price tag. we will talk about those. there are ways to make medicaid more efficient and ways to be sure that everybody will has access to medicaid knows they have access to medicaid and gets on the system or the s-chip system. many qualified today for the existing programs. 10 million have insurance available to them through work. among other things, we think employees should have to opt out aggressively to in choosing their insurance at work as opposed to aggressively having to opt in. there are things like that that will make a big difference in the system.

on the ground work the government will never compete fairly, look at what is happening right now in the auto industry. the government run general motors with the gmac financing cars close to zero. ford motor credit is far more above a zero. some say it makes competition vigorous. there is no fact that for the bears that out. the government will not compete fairly. we believe there is a big marketplace beyond today's marketplace that we can help create. our members will come up and talk about that. many will talk about elements of the plan we will be working with an drafting people on and hopefully -- we are almost

always last in line with the resources available to congress these days. we will be working hard to bring these concepts into legislative language as quickly as began. >> thank you. that you for your leadership on this solutions group. the president said we have a uniquely american solution and many in american plan. our plan will focus on affordability, accessibility, and availability. we think it is very important that there be a robust waste, fraud, and abuse side of the program.

we find this in our health-care system and there should be strong oversight in our system. that is part of our plan as we move forward. we cannot have a serious discussion about health-care reform unless you agree to address the issue of liability reform, medical malpractice. we think that should also be an important part of the reforms moving forward. the president has just now started to mention that in his speech during the ama conference. we think people who do not qualify for medicaid should get help buying insurance. also there should be help for those retiring. they should get assistance with purchasing insurance. denny's to be a well as prevention program. -- there needs to be a well- prevention program. it is very critical.

we have seen it work. there are a number of areas in the private sector where health care costs have gone down because employees have had incentives to make healthy lifestyles. those are just some of the areas that we will focus on. this is our summary. we are working towards legislation with our colleagues in the congress. we look forward to offering our solutions and being part of the bipartisan solution to help bring good ideas to the debate. >> thank you. republicans believe if you need health care, you see your doctor or nurse, you do not see a government or bureaucrat. our basic premise is that we will work within the existing architecture. we do not want to create federal bureaucracies with federal mandates that only cause more

problems. the energy and commerce committee will begin to meet next week. when chairman said he will have three hearings on health care next week. we will be engaged in those. we will have a republican alternative as part of the comprehensive package that is being talked about today. we believe we need to reform medicaid. we need to reform s-chip. we should give people the option to have a private plan. we would give them assistance to do that. we need to take pressure off of medicaid by creating incentives for long-term health care. we have some proposals for that.

people who work force of possesses who do not provide health care should be able to form associations with like businesses and associations. we believe the state should be able to form regional pools across state lines so that people who work in areas that do not have health care provided for them can be part of a puloo. we believe in a refundable tax credit for this. we believe that individuals can make informed choices for health care transparency. we will have proposals to provide more transparency in the marketplace. we believe doctors should be reimbursed adequately for their services. we will have a proposal that fixes the position reimbursement problem. we are not sure yet -- the

physician reimbursement problem. we're not sure yet about how that will take place and cost. we are prepared to be engaged in the process. we have been involved in making sure that we have alternatives both legislatively at each of the committees in jurisdictions, and hopefully if the democrats do what they say, we will have a bipartisan solution. we have no problem with president obama's general principles. we believe in a private-sector approach as opposed to a government approach. i will excuse myself to go participate in another committee.

>> we want to build on what works and fix what is broken. we want americans like their health care coverage to keep it. we want to protect americans from being forced into a new government-run health care plan that will eliminate coverage that many americans currently busied do their jobs. this is a major contrast with the democrats' plan which would shift millions of americans out of their existing, employees sponsored health care. our employer base health-care system is a success for the most part. most employers are happy with the coverage they receive at work. i work of the education and labor committee. we build upon the success of the employer based coverage. small businesses -- we want to

make plans more affordable for them and the workers. i want to thank the people for the great job they have done on this. thank you. >> i am from florida and i had the highest number of people on medicare. every day, 8000 additional people are going on medicare as they turn 65. it is having severe financial problems. the other day when the president spoke before the ama, he had some points where he was not well received. the doctors in my district are not billing but informing their patience both medicare and on medicare about the dangers of the obama health plan and what the democrats are proposing.

people want to have access. the one affordability. one of the reasons why am excited about this plan is that i have a large number of people who are 65 -- 55 - 64. they start to have some health problems. this offers them availability and affordability. they will not have to wait until they are 65 to get medicare. there are additional fixes in the bill that would increase funding and availability of qualified health centers which are of great resources in the majority of districts that are very low-cost health care insurance, part of the solution. doctors are warning their patients about what is going to happen, because they see the obama plan is not going to work for the patient. in this bill, we protect the

doctor-patient relationship which is so important. >> as a heart surgeon with over 20 years of experience dealing with some of the most critically ill patients with lung and heart surgery's, i have seen the sickest of the sick in america. i have dealt at the heart of the problem where we deal with the doctor-patient relationship. that is where the primary cost is. the secondary cost driver is the insurance market. what i like about what we have done is we have taken a comprehensive look at this. my goal is to ensure that all americans at the highest quality access to a doctor. our plan will do that. we also look at the insurance market's and make some

substantive reforms including a wide range of choices that will open things up for americans and create different options for different families, small- business is, and so forth. we'll take a comprehensive look at this. if he did not focus on the doctor-patient relationship, the behavior of the doctor and the behavior of the patient, and where that intersection occurs or where it does not occur, that is where we are really driving the cost. we focus on all of those things we mentioned. i believe we have a good plan and a bipartisan support that will meet the principles outlined by president obama and what we have outlawed as a solutions group. we can move forward in a bipartisan way and have a healthcare plan that all americans are proud of. i want to thank our leaders for their efforts.

thank you. >> what do you think of the plan in the kennedy bill on community organization to go out and do well as prevention -- well lesn prevention? >> anytime they talk about community organizations, we think about acorn. we are for community health centers and everybody having access to a primary-care physician. we are not for empowering a lot of activists on the other side to go up and ask people how they are feeling. that will not solve any problems.

it is not hard to find a bill that has something to enhance the finances of community organizations. i think everybody is beginning to see through that for what it is. >> your plan does not have a lot of numbers in it. do you know how much your plan is going to cost? how many of the uninsured would get insurance? >> we think we can come up with a plan where every person has access to insurance. we will have no mandate. we will try to think of ways to encourage the 28 year-old guy who thinks he is invincible to get into the health-care system. a lot of the uninsured fit that category. there are people who are uninsured who do not have

access today. we want to ensure and guarantee they have access to coverage and access they can afford. affordability is a hard to define terms. would you are willing to pay and what you would like to pay could be different. we want this to be as affordable as possible. we will not have coverage paid for by taxpayers for people at five under% of the poverty level. -- 500% of the poverty level. we will look at the numbers. we may start by looking at the numbers with the percentages for we allow medicare part "b" and figure out how to tell those up and dial closedownthose down. we want your