Your wallet, not to mention the hit to the Health Care System overall. In a fox business exclusive the author of the report, Senior Vice President of moodys invest service. Thanks for joining us on set. Outline the risk for me. Basically weve seen the challenges with the Health Care Industry as numerous going into 2014. Obviously the Affordable Care act had a number of issues with the rollout which prevent ad number of people enrolling. We saw basically a older, less poply healthy population enroll. We saw changes to the regulation as the rollout unfolded. Basically these were changes that the Insurance Companies were not expecting which affected their financial and operation systems. Melissa in a negative way. You cite all the things the president said and came out and changed things afterwards. Correct. Melissa changing Regulatory Environment and changes of rules later is negative risk for the Insurance Companies is basically going to cost them money, what youre saying . Clearly. The
Savings would be attached to the 117 million, correct . Yeah what we are doing now is using the one 17 to cover all of the hard costs but i need to come back with the additional funding needs and so what i need do now is identify all of those savings and move them to the Program Management reserve so that the money is available for any future changes. Any other questions for ms. Labonte . Mr moran . We had some correspondence from ca and we have had some discussion about that ask is there any reason we should not accept their rep. Daks, no not at all. Then ill like touses do that and i dont know if we need do that by resolution by by whenever form is on the list. The last time you approved the Program Changes you had in the resolution included the recommendation by ba. W s c a. Any further questions for ms. Labonte . Already ms. , jensen . Thank you mr. President and members of the commission. I want to make a couple of points first of all, your staff has been helpful and cooperative i
Ongoing process and if the program were expanded to include all 17 years old regardless of income to include 18years old in the program and then to survey and get results on the impact on ridership and other benefits from the program. I will give you a quick summary. The full report i believe has been provided to you and is available on our website as well. This first slide shows participation we looked at the first 3 months to march 2013 through may. And the program continued on after that but we had data we got from mta staff to make an assessment. We assumed the estimate number of youth between the ages of 5 and 17 of which 240 thousand had signed up for the program as of may 31st, 2013. We got some updated information inform and that number is 78 percent of the eligible youth in San Francisco. Ill run through the numbers because theyre not showing up on the screen. The costs we came up with the current Pilot Program for t 5 to 17 years old is 5. 7 plus Million Dollars. For the Curr
Continuing the program on, on ongoing process and if the program were expanded to include all 17 years old regardless of income to include 18years old in the program and then to survey and get results on the impact on ridership and other benefits from the program. I will give you a quick summary. The full report i believe has been provided to you and is available on our website as well. This first slide shows participation we looked at the first 3 months to march 2013 through may. And the program continued on after that but we had data we got from mta staff to make an assessment. We assumed the estimate number of youth between the ages of 5 and 17 of which 240 thousand had signed up for the program as of may 31st, 2013. We got some updated information inform and that number is 78 percent of the eligible youth in San Francisco. Ill run through the numbers because theyre not showing up on the screen. The costs we came up with the current Pilot Program for t 5 to 17 years old is 5. 7 plus
Past wed like in this budget to make progress on. Were here a lot today about the revenue side and things were there might be reductions and wanted to make sure that we kept in mind also the expenditure needs or wants that we want to contemplate to advance our strategic goals particularly the two transit goal. Thats whats on the table in summary form for the operating budget now a quick walk through the Capital Budget and a. On the Capital Budget im going to focus on two slides slide 21 the overall numbers for 20152016. The most important thing the numbers assume the voters will approve the g o bond up to two hundred million and the other bond. The last slow down i want to focus on is our last slide of the presentation which gives us an idea of what might happen in the voters dont approve it similar to what director reiskin did on the operation slide well have issues about reliability and implement the t p Capital Budget and declining infrastructure thats United States a dire picture.