Of this nation. We know that the font of all wisdom is a repository in the governors offices. We know that we have the greatest collection of education leaders in the history of the country on a bipartisan basis. I think theres a bipartisan consensus about that this morning. Im looking forward to this discussion. Im going to kick it off with comments. A few things well look forward to discussing today. How do we help families finance Higher Education . How do we make it more accessible to Diverse Communities . How do we expand opportunities for a career connected learning . How do we use data to really use strategies to prioritize our investment . Im looking forward to everyones comments. Just preliminary comment about i know governors have been doing really progressive work trying to make Higher Education more affordable and accessible to our families. We know the crushing debt burden our families have. And we recognize we got talent on a bipartisan basis. Governor jerry brown in cali
Approval. Again, mippa sounds for medicare improvements for patients and providers act. There are two main things, increase lowincome subsidy, and thats subsidizing part d plans for drug copays and premiums. And also to sign people up for medicare Savings Programs. It happens to cover the cost of Medicare Part a and part b premiums. We passed these dollars through to our high cap, selfhelp for the elderly. Theyre uniquely positioned with their expertise and infrastructure to administer this program. The Social Security administration estimates that the the extra help provided by the programs can be worth up to 4,000 a year in savings for participants. We have had this program for a couple of years now. Last year selfhelp had over 166 folks they helped with one of these either the lowincome subsidy or medical Savings Program applications. Its a small amount of money, but one that has a great impact. Happen to answer any questions the commission has. Thank you very much. Any comments or
More hikes. A big day for stocks but not if you are a bull. The selloff started friday and im even sharper on this monday. Even as stocks suffer their biggest losses since 2008 the bond market started acting more like the usual correlation. Stock started plunging we got a nice rally in the u. S. Treasury market and we ended up benchmark 10 year. Yesterday morning we saw that 10 year testing at 2. 8 . It has been a big year in on movement. We have seen a little of that sign, butd be a good there was about 15 minutes of frantic selling on the dow, that flash crash. It is raising some eyebrows. This runup that we saw in january, this could be some type of a healthy signal. There are a lot of questions on how much pain we would have to endorse here. Guestsf questions to our this morning. Kathleen and a perfect time to be asking them. The biggestre on stock plunging in 6. 5 years. Erasing alls p 500 gains for the year. The vix volatility index wow. And i biggest spike ever spoke to an exper
So those have increased significantly, and thats really due to the to the ihss moe going up. The the Health Benefits piece is fairly oh, excuse me, ive jumped to the wrong one. Pardon me. So if we look at this one, what well see is weve got a large growth of the maintenance of effort, there we go, from 94. 6 to 117. 8, and then, we have a small increase in the office of ageing. This is due to additional dignity fund. We have a fairly stable ihss Public Authority payment. This is the Health Benefits payment, which has stayed fairly steady. And then, the other areas of the budget are really pretty much staying roughly where they are, just kind of basic inflation that adds little bits here and there. Commissioner loo . Commissioner loo i have a question. The question is the ihss consortium, the program in 1819 compared with 1718 is reduced by 25 . Yes, and so this is the item that was the error that i mentioned, so we would add 4. 5 million to the 1819 number. And just to say it again, an
In addition, it is hard in the circumstances to be an entrepreneur when you are outside the foremost Financial System. It is difficult to gain access to capital or form a business when you lack basic Financial Services but the good news is that many nations have made commitments to expanding Financial Service services for the poor and they understand that it is vital to Economic Development and social inclusion. As a result, they are developing Financial Inclusion policies and implementing a new framework that encourages inclusion. Today, robin lewis, john and myself are wanting our third annual Brookings Square card metering progress on Financial Access and usage with the support of the bill we have embarked on a threeyear study of inclusion in 26 developing countries. The short summary is that weve seen progress on Financial Services in many places and there are efforts to help marginalized populations and this is happening through mobile money and digital Financial Services. As part