Affordable care act. We wanted to start with the chairman of the Senate Health committee, lamar alexander. He has been holding a series of hearings. Here is the senator talking about the goal. [video clip] our goal is to come up with in a census consensus early next week. Hopefully we can have senator mcconnell an Agreement Congress can pass by the end of the month that will limit premium increases next year and begin to lower premiums after that and prevent insurers from leaving the market. That is our schedule. What happens if we dont succeed . Last year, or percent of american counties had one Insurance Company on the exchange. This year 36 have one insurer. Of counties half will have one or zero counties on the exchange. We have heard from state Insurance Commissioners that this monopoly in so many. Ounties drives up premiums without costsharing reductions, the Congressional Budget Office, the joint committee on taxation, and as our witnesses have said, premiums will increase 20 in
Naoam leavy. Want to do an update on the Affordable Care act. We wanted to start with the chairman of the Senate Health committee, lamar alexander. He has been holding a series of hearings. Here is the senator talking about the goal. [video clip] our goal is to come up with in a census consensus early next week. Hopefully we can have senator mcconnell an Agreement Congress can pass by the end of the month that will limit premium increases next year and begin to lower premiums after that and prevent insurers from leaving the market. That is our schedule. What happens if we dont succeed . Last year, or percent of american counties had one Insurance Company on the exchange. This year 36 have one insurer. Of counties half will have one or zero counties on the exchange. We have heard from state Insurance Commissioners that this monopoly in so many. Ounties drives up premiums without costsharing reductions, the Congressional Budget Office, the joint committee on taxation, and as our witnesse
Of edged up yesterday. Jamie dimon am i too early in that promote . Yes, you are permeant yesterday, you got me all confused. Im all over it theyre producing a lot, but theyre not but they dont have the pipelines. Lets get to the road map this morning. Well get to oil but for now, were going to talk markets. The dows win streak is at 10. You saw their futures are looking, at least for a lower open plus, Michael Koors and ralph lauren delivering some upbeat news you got that right, upbeat for the Retail Sector. Both of those Companies Beat the estimates of the analysts. Follow them. Koors up a lot cbs coming in better than expected but they lowered guidance, so the stock is down. Basketball, ad sales. Oh, i thought you meant cvs no. Oh, you have to say channel 2. All the time on the trading desk, you never use the term cbs. You say ive got 50,000 channel 2 to buy too many people bought cvs and that stock is down never use cbs for cbv. Okay. And Charlie Victor was not. It was down it not
Million figure gets thrown around so much. Thats why thats so misleading. It is reimbursements for fee for service treatment. And like other medical providers, planned parenthood is reimbursed for the health care it provides to these patients and thats generally the way Health Care Insurance works anyway, right . Thats exactly right. Just a different insurance program. We rely on providers to take in these patients, especially since medicaid generally reimburses at a lower rate than private insurance. Thats correct. And i think its really important because in so many states, as weve talked about earlier, there are not that Many Health Care providers that will take medicaid patients. In fact, i think dr. Gosar made that point. Medicaid reimburses rather poorly. It does, although were really proud at just looking at the state of pennsylvania, we see 108,000 patients in the state of pennsylvania. Many of them are in rural communities. So when we hear talk about defunding planned parenthoo
Lets get some first word news, hopefully good news of vonnie quinn. Vonnie i will do my best. The leaders of the armed group occupied in oregon have been arrested in a violent standoff. It were headed to a Community Meeting whenever stop by fbi agents. Shooting broke out, one of the protesters was killed, another was wounded. Secretary of state john kerry faced a hard sell in beijing today trying to get china to support sanctions on north korea after the nuclear test last month. China has been reluctant to anything that would destabilize the regime. Donald trump said he is been treated unfairly by fox news and will not be in the debate. Instead, he will be at a fundraiser for veterans. New 24 hours a day covered by more than women hundred 50 news peers around the world. Lets check in on market stuff. Matt some breaking news, United Technologies is that with some numbers that beat on the bottom line. Dollarssed by a billion on sales. 14. 3 billion with the Quarterly Sales figure put out