With a video connection please keep your camera on. If you go to another proceeding please exit this one on we will recognize each member in the time slot provided during the preceding. And with the next appropriate spot for the remainder of their time once the issues have been resolved. During testimony as staff address the technical issues. I may need to recess the proceedings for the witness to reconnect and finally remember to be muted until you are recognized to minimize the background noise. The House Resolution 965 if there is too much background noise should a member want to be recognize they must unmute themselves at the appropriate time. We are also following the health and safety guidelines issues that include social distancing we urge members on staff to where a mask at all times and thank you for your commitment to a safe environment for all who are here today. Last night on the eve of the date the Paycheck Protection Program expires the Senate Passes a bill from the incep
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With neding to do that davis, chief u. S. Strategist. Panic, correlation started to break down. Are you looking at correlations as you start to look at u. S. Equity . About 20of all, i am years past my prime on hot dog eating contests. So i believe that to you guys. Wehink it is a general trend have seen over the past few months. Markets trying to get back to normal. While we can criticize the fed for maybe overreaching and buying fixed income, in reality, they stymied a panic in the market. We need to watch a host of things for the markets to return to normal. We need to watch volatility, Interest Rates, gold. If we can see these things continue to heal, then the investors are on the sidelines. That the investors on the sidelines will feel more. Omfortable getting back in areas thatclical have so far not been able to mount sustainable rallies. Caroline so you anticipate a rotation, that the beaten up stocks will start to lead the charge again . There is the typical rotation that you g
Loans provided through the c. A. R. E. S. Act during the coronavirus pandemic. The House Small Business Committee held this hearing. I want to thank everyone for joining us this afternoon for our committees First Official remote hearing. I want to make sure to note some important requirements. House regulations require members to be visible through a video connection throughout the proceedings. So please keep your cameras on. Also, if you have to participate in another proceeding, please exit this one and log on later. You are recognized to minimize background noise. Over the last few months, the outbreak of covid19 has led to an unpresented Public Health crisis and dire economic crisis. We have lost over 10,000 people to the disease and 30 million remain unemployed. Back in february as the pandemic was getting worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage
Setting now is under the auspices, frankly, of another Insurance Company cigna. So i think that this is opening up a hornets nest in terms of pricing for all of these specialty drugs. I know that they specialize in drugs that have to be administered intravenously, and it can be administered by the members themselves. But there may be other drugs. So i point this out because this is an issue not resolved for this benefit and i think that it deserves our look at it more carefully for all of our contracts that involve this kind of a pharmacy benefit company, a forprofit company, where our members are paying outrageous amounts of money for drugs that are accessible to them in other ways. Yes, thank you. And i think that is exactly why, you know, we are seeking additional contracts with other providers at this time. You know, the way that the benefit is currently set up, the drugs are paid under the medical plan and not the pharmacy plan. Because the fact that there are injectable drugs. Bu