schip, we referring to children.who by no fault of their own, their parents are illegal immigrants and get cut and go to the hospital. what do you suppose hospitals do? >> schip actually covers adults in most cases as well. the point is there is no verification process. not to suggest we should refuse care to illegal immigrants but in terms of coverage, taxpayers ought to know who's getting the coverage when they pay the taxes. >> let me read you what's actually in the bill as opposed to what was not put in the bill. what's in the bill, and here's the exact wording on illegal immigrants and this was approved by three house committees. nothing this this subtitle shall allow federal payments on behalf of individuals who are not lawfully present in the united states t seem pretz s pretty cla lot of people. what's your issue with that? >> because, if you do not have a clause in there that requires verification, then there will be a de facto mandate, if you will, that they will be covered. that language is actually useles

so if you can accept government health insurance for schip, why can't you accept some form of it for all the rest of american? >> it was a block grant to the states where the states ran it. that's why it worked. if we would do that in federal health care, i think we'd be a lot better off because we'd have 50 state laboratories developing their own plans for their own demographics. utah isn't massachusetts and massachusetts is not utah. you can say that about every other state. you know, we're talking about 306 million american people, 85% of whom basically think their health insurance is better than anything they can get. do we need to reform? yeah. but think about it. if you deduct -- they say 47 million people. the president said 30 million in his speech. if you deduct the 6 million who basically work for companies that provide health insurance but they don't buy it, if you deduct the 11 million people who really qualify for chip and or medicaid, you deduct the 9 million who can afford it and deduct the 6 million of undocumented workers, it comes down to 15 million people. so we're

well now let's turn to medicaid and schip provision. title vii under division b. of the house bill h.r. 3200 expands medicaid eligibility to those earning a third above the official poverty level or the minimum income that is required of immigrant sponsors, which i mentioned is one and a quarter% of the poverty level, that falls below the sponsors eligibility for taxpayer-funded health care for the poor, at one and one 3%. the health bill expands medicaid eligibility to 50% above the official poverty rate. that leaves an even larger graph for immigrant sponsors who are poor enough to be on medicaid to still sponsor and bring in additional visa holders. again, this aspect of the legislation has an undermining of fact on public charge doctrine. section 1702 of h.r. 3200 explicitly prohibits states which administer medicaid and schip from makinfurther determinations about new medicaid enrollees eligibility. one such provision requires states to presume someone's eligibility. in other words, these provisions set up a system that amount to the kind of enroll first and

they expect the d-ram schips to rise in the medium term.o campbell's soup, $8 below the 50-week high. volume was good. trading more than 10-day average 1.4 million shares and all of this ahead of fiscal fourth quarter earnings due to be released on friday. the stock finishing with 3.75%. the earnings for campbells are predicted to be unchanged. we'll watch that on friday. maria, back to you. >> an argument can make that securitization of mortgages caused the bubble in the housing market and eventual collapse. wall street hopes it found the next big idea. repackaging life insurance. can it work? we'll talk about it next. >> here is a look at some of today's winners and losers. ick . >>> welcome back. the creation of the securitization market helped bank generate more loans. the real estate bust ground it to a halt. the federal government has tried to get the ball rolling again with programs. is the market responding? paul miller, head of sbr capital markets, jim cane, managing partner with green's ledge group. good to have you on the program

chairman, this is an important debate because medicare, medicaid, the schip program, and this expansion, we are going more and more toward government-funded and eventually government-run health care in the united states. i do not believe that is the direction that we need to go. costs are a problem. senator rockefeller pointed out that the cbo said this they would score $50 billion in savings. well, one of the most important parts of the bill -- we know it is not going to be in any of the bills, medical liability reform. we know no serious medical library reform will be in the bill, and that is a huge cost and united states. defensive medicine, huge lawsuit. we can bring down costs other ways than having government compete with the private sector. another point that i would make on costs is that i am going to bring up an amendment later, and it is healthy behaviors. well, if we get pretty good data out there with a significant number of employees that if you incentivize people who have healthy behaviors, you can save a lot of money in health-care costs, why would that not be a major par

more than 6 million american kids are covered by schip, championed by the late senator ted kennedy. this is what passes for a health care system. in the richest and most ambitious nation on earth, programs that work and that represent a moral public commitment to making sure that the specific favored population groups are covered and then totally dysfunctional out of control expensive dissatisfying inefficient and private for-profit system for everyone else. building a real health care system. taking on the most difficult of all the political fights in american politics is what the new president, barack obama, decided to try do in his first year in office. the nation buries the man most identified with the fight for universal health care, the man whose very eventful 47 years in the u.s. senate are most defined by his work toward health care reform, some of the suspense about whether president obama is going to succeed at this and how is over. before ted kennedy died the committee he chaired in the u.s. senate passed his health reform bill and calls for a major reform of the private

it was in the medicaid provision and taken out under the schip legislation we propose to put it backommerce committee and vote downed on a party line in the ways and means committee. democrats know what they are doing they want to fund i will heels and this is simply a red herring. >> comeman steve king of iowa, thank you very much for your time today, sir. david, i suspect this continue the main reason, both sides are benefits, joe wilson bringing in nearly $1 million. the gentleman running against him urge the marine, rod miller, he is at the million dollar mark. and we saw that group of people who showed up in washington over the weekend arranged lot of them were holding up those "you lie" signs. both sids are finding traction and perhaps most of the traction coming in with the conservative and even with what some might call the far right of the republican party. >> tamron that is such a great point. regardless of the truth of the matter and who is telling the truth and who isn't. i think the evidence is pretty clear that the president was telling the truth and joe wilson is the o

if you remember, the markup with us, the space amendment, schip and medicaid made it illegal, unanimouslyadopted by the committee, but so be it. let's move on to h1n1. states are expected to purchase a portion of the need needed to vaccine to protect our citizens. it includes a 25% subsidy from the federal government. a lot of our states are suffering right now because the economic downturn and may not be able to meet obligation because of limited resources. is there some kind of a plan available under dhs to help some of these states like michigan, california, others that are struggling? i don't want anyone not to get it because of state budget concerns. >> congressman, through the resources that congress has provided and through the resources from the department of health and human services, the vaccine will be free. distributed to the states free. they are not expected to have a cost share. i think there has been a cost share associated with their purchase of anti-virals which are in the stock pile but not with the vaccine. the vaccine is free. there may be an administration fee by the

in fact, in the schip bill earlier this year, we tried on our side of the aisle to get language that was specific to require some sort of proof before someone could sign up for coverage under schip that would show that they were not illegal immigrants. of course, that tougher language was removed. also, with regard to $900 billion or so that our president mentioned last night, the cost of the program, which is more that some believe is $1.6 trillion, he talked about savings as a result of removal of waste, fraud and abuse. now, these programs, medicare and medicaid, which are government-run programs, have been in existence for around 45 years. what have we learned recently that we haven't known for all of these years that we can now remove fraud, waste and abuse that we couldn't for 45 years? in a 48-minute speech last night the president did not bring up one new idea, any new strategy or techniques that would allow us to remove fraud, waste and abuse any better than we have been able to for all these years. truth of the matter is that in order to reduce what we already have as waste

in missouri, with schip, the need to be without insurance for six months. that is the most irresponsible thing to expect people to take their children off of insurance for six months because they cannot afford it to get the schip. i called claire mccaskill, and she said that it could be a state thing. guest: you are right that we have to do this on a national level. states have two problem. one, enormous budgetary pressures, and that is why missouri is making you wait. states, even more than the federal government, tends to be subject to lobbying from insurance companies and special interest. the health insurance industry has over 200 million customers. we need only a national public health insurance option to compete with them and keep them honest, as well as forcing them to cover. host: next phone call from detroit, michigan. [inaudible] guest: the president was a community organizer which means that she spent time with people in middle and low income communities. the american people voted for a man in november caller: does health care conform to the comp

schip. medicare. down here is where i bring your focus. let me predict also we have a chance to kill this and in 15 years we will see the 3d version and you put on your glasses and government will be so complicated that you won't be able to understand it. it's multiple dimensions. anybody that read the bill and didn't look at the flow chart is a brilliant person if they can track all of this. if you read the bill and follow the flow chart, you have to be a brilliant person. i direct your attention down to the private insurers, mr. speaker. this is 1,300 companies today. the president said there are two principles that we need to fix in health care in the united states. one of them is we don't have enough competition among health insurance companies, so we have 1,300 health insurance companies. he said we need one more. i haven't heard the president say 1,301 private insurance companies is the magic number. he would cringe that adding one more to 1,300 is constructive. it's destructive to the private sector and the american people know it.

essentially what you are worried about is if someone is on medicare, medicaid, schip, they might see a deterioration in the quality of the benefits they have. in this bill, we are specific. individuals who would otherwise have received healthcare through any waived program would be guaranteed benefits at least as generous as those offered under the federal program. you raise a legitimate concern that the bill addresses it. >> i think the concern would be that this would insert into our current system of healthcare delivery very substantial instability and ups -- and uncertainty. i am aware of that provision that you cited but i think there are people in my state, for example receiving their coverage through medicare who would not want to trust to the good offices of the secretary that all of this will be taken care of. they just assume keep the care you have through medicare and people on the federal employment health benefit program as well and various others. for those reasons, i could not support the amendment. >> further debate or discussion on this amendment? let me say, bernie,

are not available to get health care under hr-3200, and if you'll remember the space amendment that schip also made it illegal. that was unanimously adopted by the committee, but so be it. let's move on. hn1n. currently states are expected to purchase a portion of the need, needed vaccine to protect their citizens, but it includes a 25 percent subsidy from the federal government. my concern is a lot of our states are suffering right now because of the economic downturn and may not be able to meet their obligation because of limited resources or operation alcon straints is there some kind of plan to help states like michigan, california, others that are struggling? i don't want anyone not to get it because of state's budget concerns. >> congressman, through the resources that congress has provided and through the resources from the department of health & human services, the vaccine will be free. distribute today the states free, they are not expected to have a cost can share. i think there has been a cost share associated with their purchase of antivirals which are in the stockpile, but no

the struggles of this family touched me and inspired me to work with senator kennedy to create the schipprogram, which continues to provide health care coverage toany children of the working poor and others throughout the country in which past was broad bartisan support. over the years, senator kennedy and i worked successfully to get both republicans and democrats on board for a number of causes. we drafted a number of pieces of legislation to provide assistance to aids victims, including th ryan white aids act. i named that the bill right here on the floor with mrs. white sitting in theudience. we worked together along with senator harkino craft and pass the americans with disabilities act. there was also the orphan drug acas well as fda modernization and a host of other bills that would take to back much time to speak about, all of which were bearing the hatch-kennedy, kennedy-hatch name. the final collaboration came on the edward m. kennedy serve america act which i was pleased to and after senator kennedy. right here on the floor, and he cannot afterwards and we hugged each other an

the economic stimulus bill signed into law in february, children's health -- health insurance or the schip, that was expanded and signed into law on february. other things i guantanamo bay are on hold. other things that are on hold, a union organizing, which is awaiting senate house action -- senate and house action. what is your priority? let's go to a camera on the independent line calling from san francisco. -- let's go to tarmara on the democrats' line -- independent line conferenccallim san pentico. caller: i think we need to look at the unemployment. there is a hard core of unemployment in the u.s. right now. i think it to should focus on older workers, workers with disabilities, workers are of work for more than a year. ç-- workers who are out of work for more than a year. host: susan in milford, conn., democrats line. caller: i'm calling about the need karen ferguson act in 1945 that allowed insurance companies and major league baseball to be specifically excluded. this has not been discussed in debate. there has been bipartisan effort to try to repeal this act. it has been called

if you remember, the markup with us, the space amendment, schip and medicaid made it illegal, unanimously adopted by the committee, but so be it. let's move on to h1n1. states are expected to purchase a portion of the need needed to vaccine to protect our citizens. it includes a 25% subsidy from the federal government. a lot of our states are suffering right now because the economic downturn and may not be able to meet obligation because of limited resources. is there some kind of a plan available under dhs to help some of these states like michigan, california, others that are struggling? i don't want anyone not to get it because of state budget concerns. >> congressman, through the resources that congress has provided and through the resources from the department of health and human services, the vaccine will be free. distributed to the states free. they are not expected to have a cost share. i think there has been a cost share associated with their purchase of anti-virals which are in the stock pile but not with the vaccine. the vaccine is free. there may be an administration fee by th

the struggles of this family touched me and inspired me to work with senator kennedy to create the schip program which continues to provide health care coverage to millions of children of the working poor and others throughout the country and with passed with broad bipartisan support. over the years senator kennedy and i wer worked successfully tt both republicans and democrats on board for a number of causes. we drafted a number of pieces of legislation that provide assistance to aids vicms, including the ryan white aids act. i named that bill right here on the floor with mrs. white sitting in the audience. we worked together along with senator harkin to create and pass the americans with disabilities act. there was also the orphan drug act as well as the f.d.a. modernization act as a whole raft of other bills that would take too many time to speak about all of which were bearing the hatch-kennedy, knedy-hatch name. ourinal collaboration came just this year in the form of the edward m. condition did i "serve america" act which i was pleased to name after senator kennedy. right here on t

essentially what you are worried about is if someone is on medicare, medicaid, schip, they might seea deterioration in the quality of the benefits they have. in this bill, we are specific. individuals who would otherwise have received healthcare through any waived program would be guaranteed benefits at least as generous as those offered under the federal program. you raise a legitimate concern that the bill addresses it. >> i think the concern would be that this would insert into our current system of healthcare delivery very substantial instability and ups -- and uncertainty. i am aware of that provision that you cited but i think there are people in my state, for example receiving their coverage through medicare who would not want to trust to the good offices of the secretary that all of this will be taken care of. they just assume keep the care you have through medicare and people on the federal employment health benefit program as well and various others. for those reasons, i could not support the amendment. >> further debate or discussion on this amendment? let me say, bernie,

you've got schip and what the appropriations bill and then the huge bill that was passed, the cap and tax bill here in the house. add that up, it's $3.6 trillion. i think it's reasonable to ask the question, is this thing where the government takes over 18% of the economy going to be expensive? he said it's going to be so efficient we're not going to have any debt and it's going to be fantastic and it will hardly cost anything because we'll take the money out of medicare. with a bill that's sort of plastic, you've got a 1,000-page bill and people want to change it all the time, it hasn't really been finalized this is the plan. all we have is the 1,000-page draft. how do you aguess -- assess how much it's going to cost. here's one way, here's medicare, social security, and medicaid, the biggest entitlements we've got, they're growing out of control. what we're claiming is the socialized medicine bill is not going to do what these other socialized medicine things did. the liberals agree to these numbers. they're saying, yeah, these things are growing out of control. but this proposal is

in my state you have medicaid, you have all kids, and in the united states you have schip -- familiesaking $88,000, their children are still covered over insurance. so how can all these children not be covered if the obama plan does not pass? the numbers just don't add up. and if we look to other countries like canada and france -- you will see that when the government run health care it makes a bad situation worse. guest: i don't think anybody is proposing this should be a government run health care. what government is proposing is one alternative to the situation where there could be possible people who would not good health care elsewhere. i have lived in canada, in as much as it is a government run health care system, it is pretty good. it is pretty good. i have lived in great britain, and health care system is pretty good. of course, there are always going to be problems. there are always issues of one type or another. but i believe unless we fixed the health care system, we are going to have real problems. we have an aging population. significant aging. we have competition out t

essentially what you are worried about is if someone is on medicare, medicaid, schip, they might see a deterioration in the quality of the benefits they have. in this bill, we are specific. individuals who would otherwise have received healthcare through any waived program would be guaranteed benefits at least as generous as those offered under the federal program. you raise a legitimate concern that the bill addresses it. >> i think the concern would be that this would insert into our current system of healthcare delivery very substantial instability and ups -- and uncertainty. i am aware of that provision that you cited but i think there are people in my state, for example receiving their coverage through medicare who would not want to trust to the good offices of the secretary that all of this will be taken care of. they just assume keep the care you have through medicare and people on the federal employment health benefit program as well and various others. for those reasons, i could not support the amendment. >> further debate or discussion on this amendment? let me say, bernie,

then schip and the appropriations, you've got an i.m.f., this cap and tax, the house has passed this one, this is the biggest tax increase in the history of our country, the president made the promise that if you're making less than $250,000, don't worry, we're not going to tax you, except the little detail, any time you flip your light switch, you'll get taxed with this $846 billion, which is, of course the biggest tax hike in our history, and then of course the government health care being proposed even dwarfs that. so we're talking about a pattern and history of tremendous rate of spending. in fact, if you were to take a look at all the deficits from george washington to george bush, it comes out to about $5 trillion, we're looking at $8 trillion for this administration. so we have a promise that this isn't going to cost very much we don't have much historical data to give us any sense this is going to be a financially responsible package. now one of the things that goes to the heart of health care, and i think probably if a bunch of just plain old americans were going to stand ar

similar to what we currently have with our safety net programs i referenced earlier, medicaid and the schipprogram. the president is certainly paying attention and maybe getting a little bit more careful about understanding and reading those how many pages are in the bill? 1,200 did we say, my colleagues? and then the other thing, of course in regard to -- and i want to spend a few minutes before yielding back to my colleague -- we're about done? i yield back to the gentlewoman. mrs. bachmann: i thank the gentleman from georgia and the gentleman from louisiana and the gentleman from from iowa. the american people know we can do better. so i yield back now, mr. speaker. the speaker pro tempore: the gentlewoman's time has expired. mrs. bachmann: i make a motion to now adjourn. the speaker pro tempore: the question is on the motion to adjourn. those in favor say aye. those >> d. you have any idea from your town meetings? >> i think there's a difference between understanding a premium and the general cost that comes from emergency room care and other kinds of care. obviously, i have a very inte

are we talking about extending schip which is another program that is a medicaid like program for children about the federal employees health care plan? to the federal government has a whole bunch on the shelf to pick from. i haven't heard anybody give me get to what we are really talking about. so it is hard to take a position for or against the public plan until we know exactly what it would be. however, our advice, our suggestion, now again, mayo clinic, is that we tend to favor a federal employees like model where there is an exchange, patients can select from a wide range of plans where there is some grading and scalene related to quality. and drugs are covered under the federal program. and have been able to choose that made with government subsidies and they can get a basic product or they can buy up if they would like you're out of their own pocket. that by the way links a little closer to what white and bit, to build a couple of years ago i guess it was, that bill was to float around out there and the idea still exist. so i've not heard the public plan exactly addressed yet enough