Within our own 14 states, the cigna brand, the cigna products, may come into our blue cross portfolio within those 14 states. However, in the National Account space it will still continue to compete as cigna, so its a combination of kind of placements in the country that are based on our blue states and our nonblue states where cigna will, in fact, compete. With respect to the best efforts rule that you brought up, we do need to comply with that rule, and we do not need to respond to the rule in terms of how we will comply until after the transaction closes. And then well have two years thereafter to adjust our portfolio, but we do not believe that will be an impediment to the deal nor do we believe that will present any competitive deterioration in the marketplace. Whereas today cigna has every incentive its incentivized naturally to compete as much as possible and fight for as much market share as possible, but boe wont the best efforts rule necessarily limit and cap cignas future co
Staff in preparing for this hearing today. Id also like to thank the chairman of the full committee, senator grassry for his support of the hearing. A few House Keeping matters that i would like to cover before i began, giving open remarks about this hearing, were going to hear from our panel of witnesses who ill introduce in a few minutes. And then well have fiveminute question rounds. I should also note that were expecting an important vote on the floor this morning, so i and other members will likely need to step out briefly to participate. If necessary, we may briefly pause the hearing proceedings, although sometimes that doesnt become necessary depending on the order in which people have asking questions. Were here, as you know, to discuss the proposed mergers between four of the nations five Largest Health Insurance Companies. In early july of this year, aetna announced it had reached a deal to purchase humana for 30 billion, a few weeks later anthem announced its own deal. The d
Rights. Before we start id like to thank the Ranking Member and her staff in preparing for this hearing today. Id also like to thank the chairman of the full committee, senator grassry for his support of the hearing. A few House Keeping matters that i would like to cover before i began, giving open remarks about this hearing, were going to hear from our panel of witnesses who ill introduce in a few minutes. And then well have fiveminute question rounds. I should also note that were expecting an important vote on the floor this morning, so i and other members will likely need to step out briefly to participate. If necessary, we may briefly pause the hearing proceedings, although sometimes that doesnt become necessary depending on the order in which people have asking questions. Were here, as you know, to discuss the proposed mergers between four of the nations five Largest Health Insurance Companies. In early july of this year, aetna announced it had reached a deal to purchase humana fo
Send us a tweet cspanwj. Or go to facebook. Or send an email. The phone lines are open. Take a look at the exchange between donald trump and john kasich on immigration. Mp we have to stop ilLegal Immigration, it is hurting us from every standpoint and causing tremendous difficulty with respect to drugs and what it does to our inner cities and it is such an unbelievable moment because the courts have not been ruling in our favor. It was a 21 decision, a terrific thing that happened. We are a country of laws. We need borders. We will have a wall and the wall will be built. The wall will be successful at if you think walls do not work, ask israel. The wall works. Properly done. Can you just send 5 Million People back with no effect on the economy . We are a country of laws. We either have a country or we do not have a country. We are a country of laws. , they willo go out come back, and hopefully they get back but we have no choice if we are going to run our country properly and going to
Terrorism. John harwood will join us from the white house. Before we do that, lets get up to speed on this mornings other top stories. Michelle . Lets start with oil. Crude prices dropping after fridays opec meeting. As a result theres no agreement on output targets. In fact, the cartel didnt even mention a quota, something we havent seen in decades. Analysts say this is a message that opec or saudi arabia is willing to deal with low prices. You can see wti is back below 40 per barrel. U. S. Gasoline prices dropping again as well. The lundberg survey says the average price is down 4 cents. 2. 10, the lowest level since late january. In global news, big win for venezuelas opposition. The Party Winning control over the National Assembly and changing the balance of power. The victory comes 17 years after hugo chavez started the socialist information. It could mean dramatic changes down there. In corporate news, General Electric is terminating a deal that it had to sell its business, its a