ICYMI: CHAIRMAN SMITH ON SQUAWK BOX: NOT-FOR-PROFIT HOSPITALS "LOOK LIKE HEDGE FUNDS WITH HOSPITAL BEDS."

WASHINGTON, April 28 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) joined CNBC's Squawk Box ahead of a full Committee hearing with hospital system CEOs, highlighting the Committee's ongoing, aggressive push to hold health care empires accountable for the rising cost of and lack of access to health care in America.

Click here to watch the full interview.

Interview Excerpts

On the Ways and Means Committee's work to make health care more affordable and accessible.

"This is all part of a series of looking into various aspects of health care - of how it's broken, how it needs to become more affordable and accessible. We had the five la...