There will be a further significant intensification of the Euro-zone debt crisis in the months immediately ahead that could result in the Euro's unraveling within the next twelve months. This crisis poses serious risk to the US economic recovery.

Policies enacted over the last few decades have systematically eroded the ability of manufacturers to earn returns on certain drugs, especially older parenteral drugs sold as generics. We need to reform the policies governing these markets if we're going to lure investment back into these important areas.

We estimate that a family affordability rule could initially lead to as many as 1.3 million more workers accessing exchange subsidies for themselves and their families than under a single affordability rule. If employees pay 50 percent of the premiums in the future, this number increases to 6 million.

Senator Whitehouse, Ranking Member Enzi, and members of the committee, thank you for the opportunity to participate in this very important hearing on health care delivery system reform.

Until the legislative process takes into account the long-term consequences of short-term policy actions (and inactions), we have no assurance that Medicare can be saved.

Do federal agencies carry larger staffs than similar private entities? Is the U.S. government workforce large relative to that of our economic competitors? These questions are more difficult than assessing the pay of individual workers and far less research has been done in these areas.

Vincent Reinhart testifies on monetary policy and the price of oil.

In considering whether the government should back housing finance, the first consideration this committee should have in mind is whether it would be good policy at this time to add to the U.S. government’s financial obligations.