Colleagues to work with us and work with these witnesses to get it right. Thank you. I yield back. Thank you for being here today. I have a series of quick questions i will like to get to. How many change orders have your received by estimate, either formally or informally leading up to the launch, and what function do they want you to perform . We have received approximately eight change orders. When was the most recent . I believe as recent as august of this year. Ok. I dont know the answer to that, but i think was a low number. Ok. Are you both making changes now with code in order to fix any of the socalled glitches or nonperformance issues question mark that would be yes. How many organizational boundaries between the piece of information traveling from the United States government to the web portal, how many boundaries, how many organizational boundaries, including the states and their access to information does that piece of art man cross does that piece of information cross . I
To matter. For everybody we have to address that question. We need to take care of all of our people. I look forward to seeing how the website can be fixed in this hearing today. I look forward to working with my republican colleagues and democratic colleagues to see that we do a constructive job of making this work i would remind all that when we are dealing with Medicare Part d, not something that originated on the side of the aisle, we Work Together to see to it that it worked. Now is an accepted conclusion to a significant problem. That is improved by the Affordable Care act. I thank you for your courtesy. I hope we can work constructively on this matter. The gentleman from michigans time has expired. I would like to introduce the witnesses for todays hearing. Our first witness is Cheryl Campbell, senior vp for cgi federal health in compliance program. She was appointed to this position in 2009. She is the driver of strategy and execution for the practice to serve the needs of prov
I also think more incentives to encourage annuitization makes sense. There is an area where economists are more divided than a new it is then annuities. Efficient way of allocating your retirement income. Almost no individual will willingly annuitize. Option of am the lump sum, they will take it and walk away. It is a human nature kind of thing. Annuity turns you from a millionaire to somebody getting income per year. I think tax incentives are something along those lines to an courage to encourage annuitization. It is a high hurdle to get over. Back to listen to the chairmans closing comments. Yes, you did. Few in the senate know that secure the issues have thank you all for testifying. Some members may have written questions for you if you would get answers in the next week to us via to us. I think the hearing was a success in many ways because the debate should be about the issue of achieving retirement security. Not budget issues the way that they are issues of how to debate on how
Household also depreciates of the steady state of the Housing Production to 1. 6 million homes in here. How we will get from 900,000 to 1. 6 million in the next year, think we will over the next year but if you look at the fundamentals of the Housing Market in the demography that ultimately drives the plus the fact that housing is relatively affordable if you look at the affordability indexes and take into account housing i think thats an area where theres a lot of potential and upside still. [inaudible] the translation is Interest Rates affect the economy but if you look more fundamentally at the driver, the ways in which it matters you seethe Business Investment is relatively slow over the past year. That is the things that hasnt been as good in the economy but the cost of capital overall is relatively cheap or were businesses and stock valuation is high and profitability as a share of the economy is high. I think a lot of the fundamental determinants of Business Investment are stron
General provides one, the economy, two local communs where they may be located. It may be the largest employer in a particular city or county. The amount of community outreach. The amounts of donations and sponsorships. Carriers are not just big brick buildings filled up full of cash. They are filled up full or employees. They are full of very giving folks that add to the fabric of a particular state or their economy or even the national economy. So i bring i kind of carry all of that stuff around with me. When im making decisions and when im out meeting with carriers or agents or consumers and reminding, you know again, whatever the group is, how valuable the Insurance Industry is to a particular economy or state or local area. That isnt always the case with some regulators. With all the reforms that have been adopted and that are being implemented i think there is a concern within the industry of regulatory fatigue in the sense that the industry believes, and i think rightly so, that