I gave them my Insurance Information and they came back and they said, we dont know. I would like to know how common that is and what is being done to try to let folks actually know what something costs. I might add, i had at the time a high deductible, so it was an important question about my outofpocket costs. The second question is Medicare Part d, when i noted it in the biography, mr. White was involved with in 2003, has a provision prohibiting the government from negotiating prices with the drug companies. And my question is, why is that still in the law . You want to take that one, ed . Why dont you start and ill do the first one. The second one real quick. The first one was, why cant they tell me what the price is . Like i said, forget about the email. Ask them what a price is and its like getting trade secrets out of cuba, right . Its next to impossible. What were seeing is that what the price is and what i owe are two different questions, right . So if i have coverage, i think
The fdic has the history in being able to do that. Clearly were in far better shape than we were. Of all the economies around the world the one thats doing the best is ours. It wasnt a miracle. It was because of hard work that we put in place here that allowed us to arent there unintended consequences such as the issues of market liquidity, for example . I do want to comment on one aspect of hansling. I was amazed to read i wish i had his ability to say ridiculous thing and be unphased by the potential reaction. He complained nothing has been done since the bill passed about fanny may and freddie mack. The man has been in control of the house of representatives. Hes chairman over the committee that has jurisdiction. Its the great republican myth. The republicans controlled the congress from 1995 to 2006 and did nothing about fanny may and freddie mac. We would have if we retained control worked on it in 2011. The republicans have been in control of the congress and the house certainly
Again, there was still no mention of a Hospital Systemwide shutdown. And finally at the hearing on june 25th itself there was no mention of a Hospital System shutdown coming in august. Mr. Secretary, im disappointed about the slow, painstaking revelation of this crisis by the department thats led by you. I understand their excuses as to why we are in it this position, however, somebody somewhere took their eye off the ball. Just as congress established a cap on spending for the denver project that va busted, Congress Also provided a budget for va for fiscal year 2015 which the president signed into law and it, too, is now busted. In both instances va has Left Congress with very little time to react to a crisis created by vas own management decisions. While we will not penalize veterans for vas management, or transparency failures, the days when va can come to congress and just say cut us a check are gone. Asking for flexibility without supporting information is not enough. Similar to t
The senate was in session on sunday. They did authorize the export import bank. By now, current funding for transportation projects is set to expire by the end of the week without congressional action. You can watch the senate live on cspan2. Coming next, Robert Mcdonald testifies before the house of Veterans Affairs Committee Full top been question and answer with robert gordon. At 7 00, washington journal is live with this mornings headlines. Robert mcdonald warned that a 2. 5 billion budget shortfall may lead to hospital closures and employee furloughs. He testified as to why there was a budget problem and the possible ways to address it. This is just under three hours. Welcome to this hearing and i appreciate your attendance. We are gathered to discuss vas budget execution for this fiscal year. As the own now, the stakes have been raised considerably since the deputy secretaries testimony on june 5. Deputy secretary was asked this question. If congress does not ask on the 2015 budg
And a new week but old worries over tensions between north korea and the us Keeping Markets on edge. And with Holiday Season in full swing well speak to the founder of one hotel Online Booking firm whos trying to cut out the middle man. And as Airline Passenger arrests soar by 50 , today we want to know what are your flying bugbears . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Know surprisingly my biggest bugbear when a flying is the lack of legroom no surprise, my biggest bugbear. We start with japan, which has just released its latest set of growth figures, and theres good news for the worlds Third Largest economy. It recorded its longest economic expansion in a decade. Japan Beat Expectations with growth of 1 between april and june thats the sixth straight quarter of growth. The numbers are an encouraging sign for the government but dont solve the countrys ongoing financial headaches. Japans productivity per person per hour stands at 23. 45. Th