Foundation had trended. Someones cellphone is going off. Sorry, the kaiser membership has trended younger over time. And so i think we are all on the same page. They are now with that in terms of it being a factor that has been included in our renewal and is clear that although the kaiser membership has grown and grown in all areas of young and old membership that over all the age has improved. We have a younger population than weve had in 2009. We also talked quite a bit about the risk study. One of the Funding Proposals we are considering is risk premiums and an agreement on how to do the risk study to determine the risk of the population. We have agreed on a medical and pharmacy all claim data based risk study that has been initiated and we have the goal of completing that by february of 2014 for the boards review in march and if we meet that deadline we should be able to go with the pricing, if not well be informed of the risk of the populations and how we manage with them going fo
Blue shields and nor the reported. 2. 4 million in the shared dental plan and a reduction of 1 million estimated medical hmo premium revenues avenue application of the early retirement reassurance program. This is the federal money being used. One of the things that happens is a reduction in the estimated hmo insurance premiums. 700,000 increase to account for the time between the fsa contribution and filing of claims. 800,000 for interest assuming that we have no significant increases in those yearend value including investments. 200,000 reduction for transfers to the general fund. So what does this mean . When you take the 21 million you add it to the 71 million that i was discussing before and you end up with 98. 4 million. When you net out that 68. 6 million for the obligations and reserves, you get a balance of 29. 8 million, 30 million which is a more reasonable trusted size rather the 9. 8 million. We are going to report to you as to how projections are coming into fruition and
Claims. 800,000 for interest assuming that we have no significant increases in those yearend value including investments. 200,000 reduction for transfers to the general fund. So what does this mean . When you take the 21 million you add it to the 71 million that i was discussing before and you end up with 98. 4 million. When you net out that 68. 6 million for the obligations and reserves, you get a balance of 29. 8 million, 30 million which is a more reasonable trusted size rather the 9. 8 million. We are going to report to you as to how projections are coming into fruition and how that impacts our net year assets. Well know more definitely by january or february timeframe. In terms of the general Fund Administrative budget, we are projecting a balance of 176,000 due to delays in hiring. This is to recognize the fact that we have had, that hiring takes longer for some positions and then when you offer people positions, they dont immediately take them because they have lives to take car
Million includes 13 1 2 million in assets and this as we mentioned before they are reserves and an analysis of stables reserves and contingency reserves that will be done and incorporated into next year. 2. 8 million in favorable claims experiences in blue shields and nor the reported. 2. 4 million in the shared dental plan and a reduction of 1 million estimated medical hmo premium revenues avenue application of the early retirement reassurance program. This is the federal money being used. One of the things that happens is a reduction in the estimated hmo insurance premiums. 700,000 increase to account for the time between the fsa contribution and filing of claims. 800,000 for interest assuming that we have no significant increases in those yearend value including investments. 200,000 reduction for transfers to the general fund. So what does this mean . When you take the 21 million you add it to the 71 million that i was discussing before and you end up with 98. 4 million. When you ne
The jolt report coming out at 10 00. Then we have the Kansas City Fed survey, as well. Equity futures this morning, at this hour, at least, are indicated higher. Dow futures indicated up by about 50 points above fair value. S p up by about 6. 5. Andrew, back over to you. Good to have you back. Thank you. Its good to be back. This is a very different place than cnbc asia and bernie. Well talk about that in a bit. Rr done nelly is going to buy consolidated graphics for 620 million. As joe was just mentioning, bank of america lost a fraud trial over u. S. Mortgages yesterday. Live on fraud for claims related to defective mortgages for funds sold to its countrywide unit. And finally, Lehman Brothers, remember them . The Lehman Brothers holding company, this is the one that sort of went through the bankruptcy process is suing giants stadium. It wants to recover more than 100 million of a canceled Interest Rate swaps contract that would used to hedge bonds issued to the arena. The lawsuit ca