For calling todays hearing in 2004 the voters approved proposition i did mandated the creation of apple Economic Development strategy in 2014 the city realized the cooperation with the office of Economic Analysis retailed that in 2007 proportion i talked about this were before you to present the 2014 update to the strategy that was done in collaboration with the office of Economic Workforce Development and the office of Economic Analysis in coordination with mta and Arts Commission and many others across the city to give you a sense of the structure of today is presentation ill give a belief overview and innovative you up our colleague who lead this in the office to implement the goals and recommendations of the report ted egging on is going to speak on the Economic Performances and talk about continuing barriers to job growth in the city ill be go balk e back up to talk about the conclusion so briefly one the 2007 strategy. Org the citys economy into 20 ports driven by Financial Servi
To have a dedicated Pharmacy Service line that advocates and consumers can call to answer their questions and in addition colorado lien said standardized the tier definition so we know what drugs are in what tier i want to point out not all plans use the tier blue shield as a 1,200 threshold im not certain but it is definitely higher in california recommendations also is that if there are 3 or more Treatment Options for treatment at least one drug in that drug category has to be an tier 13 and this is specifically 5i78d and rheumatoid 5th reiterates and lupus for us it didnt go far enough only one drug is there people need different drugs to treat hiv and aids the board is asking to access the implementation of caps on the speciality tier the issue is that when Insurance Companies putting put caps on the speciality tier cost sharing that means a substantial increases for drugs so it is important for california to keep the formulas reasonable so i want to see the actuary process before
Reductions with the network which helped individuals to reduce the costs this hearing is timely in that this last week im helping a client for 14 months his individual copay was 35 a month until recently changed under the speciality tier which brought him up to 500 a month pharmacy bill this was factoring in the fact you have to pay for individual to the doctor as well as the lab during the pricing and gain access to medication through programs you such Medication Assistance Program and a copay card and assess network we reduced those costs for the individual is looking at 20,250 a month this is well outside of his financial bracket he came to us seeking proving lax assess because of the speciality tearing of the medication we provided him a pass and are actively helping him to continue for his access to life saving services. I want to acknowledge katherine dodge do you want to Say Something about this issue with our familiarity. Thank you katherine dodi want to highlight because we sp
2014 strategy after thirty years of stagnation our city is seeing its share of a regional and National Growth were having an opportunity for the full spectrum of san franciscans but theres a ton to do to make sure our economic boom continues for san franciscans of all strips and background there is a ton of work supporting the industry and our Small Business community as commercial rents is revising and office space scare reserve this will continue to serve as a guidepost as departments cross our city as they work to implement policies to strengthen our local economy thank you oewd and welcome todd to present. Thank you supervisor farrell for calling todays hearing in 2004 the voters approved proposition i did mandated the creation of apple Economic Development strategy in 2014 the city realized the cooperation with the office of Economic Analysis retailed that in 2007 proportion i talked about this were before you to present the 2014 update to the strategy that was done in collaborati
Reserve to return capital to shareholders. Bank of america has been given conditional approval and will have to resubmit its capital plan while the u. S. Unit of Deutsche Bank and sander has it rejected. The big winner may be citigroup which saw its stock initially rise in after hours training after its capital plan was approved a big change from a year ago when it failed the annual test. Kayla tausche joins us now with more on that. It is a big win for citi kayla. It is. Of course you remember last year when citigroup was rejected on qualitative issues and mike korback said he wanted to take the entirety of 2014 to fix those issues and citigroup by many measures was best in class when capital levels came through in the stress test. And in the form of being able to raise its dividends to 5 cents a share and 7. 8 billion buyback. Previous year only done 1. 2 billion. So this is multiple of what been doing before. Lets talk about how the banks are doing so well. Deutsche bank and sander.