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
Meeting. Clerk thank you. Yes, just a reminder, this meeting is being televised through sfgtv so there is about a minute, twominute lag time between what were seeing as the producers and members of the live t. V. As opposed to the live event. So please be mindful of that during the presentation. We are going to have Public Comment on almost every single item on the agenda, and so everyone who wants to give Public Comment needs to dial into the conference line listed on the screen. Everyone will have three minutes to speak unless the board president shortens that time at some minute during the meeting, and we will be giving about a 30second delay between the start of Public Comment when its called by the president. Please follow the directions on this screen as it will be shown before every Public Comment for your use at home. Thank you, and that is my guidance for Public Comment. President breslin thank you. Item number 3, please. Item 3 is the approval, with possible modifications, of
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
We have a quorum. Could you please read the announcement. Dont to you covid19 Health Emergency and given the Public Health regulars issued by the San Francisco department of Public Health, they have lifted restrictions. This meeting is held Via Teleconference and held by s sfg tv. Please be aware theres a brief lag time between what is being viewed on sfgtv. I would like to extend our thanks to the staff for the assistance of this meeting. If you wish to make Public Comment on an item dial 888 2733658, access code 3107452 and pound followed by pound again. Dial 10 to be added to the speaker line and you will hear an automated voice that when tell you when its your turn to speak and your twominute speaking time will begin. These instructions will be repeated. If they havent done so, ill ask the commission and staff to mute their microphones to minimize background noise. Your first order of business is approval of the minutes of may 26th, 2020. Commissioners, before you, you have the min
The Senate Environment and public works Works Committee held a hearing on how infrastructure legislation can help the economy recover from the coronavirus pandemic. Senators and panelists discuss the best way to fund road and bridge projects. Good morning. I called his hearing to order. Before i discussed todays hearing i want to say a few words about what is happening in communities across the country today. This is a time of great pain and unrest for our nation. Americans are truly outraged by recent killings. Anyone who watched the video the murder of george floyd has to be horrified and heartbroken. The resulting peaceful protests about police abuse against any american citizen are important and necessary. They listen to the voices of africanamericans about police brutality. Some of the peaceful protests were hijacked by filing criminal, distraction, looting and arson stop. Those who commit these crimes dishonor the memory of george floyd and dishonor the cause and the Peaceful Pro