The committee will come to order. Id like to welcome everyone to the this mornings hearing. Today we consider the nomination of sima vermia to serve as administrator for the centers for medicaid and mediCare Services. Welcome. Were so happy to have you here and your family as well. I appreciate your willingness to lead this key agency at this critical time. And i see that your family joined you here today to lend support, so i extend a warm welcome to all of you and to them as well. Cms is the Worlds Largest health insurer. Covering over one third of the u. S. Population through medicare and medicaid alone. It has a budget of over 1 trillion and it processes over 1. 2 billion claims a year for Services Provided to some of our nations most vulnerable citizens. Having dealt with cms extensively in your capacity as a consultant to numerous state and Medicaid Programs, you know full well the challenges the agency deals with on a daily basis. I suspect you also know that the job youve been
Insurers all morning long. Europe got stung with the worst german factory orders in eight years. Trade deficit at a fiveyear high. The health care proposal. The fight begins over what to repeal and how to replace. Plus, another jobs announcement from exxonmobil. The president thanking exxon, calling the actions the core of his agenda. And a rally snapped. Snap falls 12 . Now below its opening price from ipo day and moving lower in the premarket. First up, Health Related stocks are in focus now that the house gop is repealing and replacing the Affordable Care act. Changes include requiring people without insurance to pay a tax penalty. The use of credits instead of subsidies to help people pay for insurance based on age and income levels. Freezing Medicaid Enrollment at current levels and the tax credits will remain one of the sticky points. Rand paul already out this morning calling it obamacare light. A tweet from the president , getting rid of state lines, promoting competition. It w
The committee will come to order. Id like to welcome everyone to this morning steering and today were going to consider the nomination of seema verma to serve as administrator of the centers for medicare and medicaid services. Welcome, ms. Verma, to the we are so happy to have you here and your family as well. I appreciate your willingness to lead this key agency at this critical time. I see that your family has joined you here today to lend support. I extend a warm welcome to all of them and to you as well. Cms is the Worlds Largest health insurer, covering over onethird of the u. S. Population through medicare and medicaid alone. It has a budget of over one trillion dollars and it processes over 1. 2 billion claims a year for Services Provided to some of our nations most vulnerable citizens. Ms. Verma, having dealt with cms extensively in your capacity as a consultant to numerous state Medicaid Programs, you know full well the challenges the agency deals with on daily basis. I suspec
Good afternoon, and thank you, everyone, for joining us today. Im mary greeley, president of the Health Care Leadership council. The hlc is a coalition of leaders there all sectors of health care. We have hospitals, insurers, pharmaceutical companies, medical device manufacturers, Health Product distributers and many more sectors represented as well. But today i am also speaking on behalf of a campaign that we call protect my doctor and me. Over 670 organizations from throughout the country representing patients, health care providers, employers, americans with disabilities, veterans and others have formally urged congress to repeal the independent payment advisory board. Today were going to share some information and perspective on ipab and what it means for the Medicare Program, for beneficiaries and for those that provide health care to those Medicare Beneficiaries. Let me begin by introducing our panel. We have dr. Alex [inaudible] president elect of the American Association of neu
Authorizing Prime Minister may. We trade, to where a half hours until the open. Robert shiller Robert Shiller coming out and saying stocks are way overpriced. S p futures off by three points. Over 2. 6 r yield around the highest level since 2014. The dollar is a touch stronger as well as crude. I want to focus on what is happening in the u. K. You have the ftse 500 moving higher despite the fact the pound is getting hit or because the pound is getting hit. Up. 5 and dollar pound can dollar at an eight week low. He have to look at that weather you have to look at that to see i would be remiss if i didnt touch on valiant. This is a twoday chart all what happened yesterday when we heard they were selling out. That stock down 15 in nearing the record lows. How low can it really go . We will dissect to that later. David he doubled down and now it does it did not work out. Alix so much drama for so long and now he does it. David this morning in england, we had surprising news out of the bank