Good afternoon my pleasure to present this resolution to you today. You have before you a resolution for your approval that allows laguna honda hospital to apply for recertification as a cms provider. You know the u. S. D. Health and Human Services and medicaid and medicare this year agreed to fund necessary medicaid and Medicare Services to all residents requiring nursing through march 19 of 24. The transfer of laguna honda residents was only extended until september 19 of 2023. We are and do everything we can to prepare our hospital and team for successful recertification. Our goal is to apply for and secure recertification before the september 19th date. We continue to make strides in making the nez changes in cms program. The 90 day cms survey number 3 took place in june of this year and resulted in 33 findings of noncompliance this is significant improvement from the first survey in November December of last year had 124 findings of insufficient operations. Our goal is to have all
Well now have item 2, roll call. Thank you president scott. Our roll coloradoed to order is 103 p. M. And roll call starting with president scott, present. Vice president hao and breslin and canning is excused. Dorsey, present. Commissioner follansbee, present. With that, we have a quorum. Can we go to item number 3 . [multiple speakers] it wasnt his fault. Thank you president scott. Item 3 is general Public Comment. A opportunity for members of the public to comment on any matters within the boards jurisdiction that is fot on the agenda. Remote viewing is available on sfgovtv and online using webex. Welcomes public participation. There is a opportunity for the public to comment at the beginning of the meeting and each item. In person comment is first and then virtual. Each speaker is allowed 3 minutes to comment. All Public Comments are made concerning the agenda item presented. A caller may ask questions of the body but no obligation to answer or engage in dialogue. Will hear up to 3
Witnesses and representatives also discuss the issue of data privacy and the need for federal regulation. The subcommittee will come to order in the chair will recognize itself for an Opening Statement for five minutes. I will spend my first little bit to say we have news on our Ranking Member and we Exchange Messages over thanksgiving weekend. What a wonderful lady, what a wonderful person and someone who really puts this committee, the subcommittee and the institution of congress. We have another year to Work Together. You will be sorely missed. Thank you. [applause] oh my goodness. [applause] thank you. We still have a year to get things done and we will get things done. I would just like to thank our witnesses for being here today. Ive got to get my statement in and four minutes. That was important. I should not use all my time. Thank you to our witnesses for being here today. Issues regarding Artificial Intelligence. It is important that we shine a light on a roll ai can play in s
The s p down. 20 . The nasdaq up slightly up. 1 . The treasury market was having. Ism manufacturing numbers came out that were showing growth for the first time in a year and a half. You would think that is good news. It pushed back expectations for rate cuts. You can see the tenyear note at 4. 33. The two hyear note at 4. 71. Yields moved up to the highest level in a couple of weeks. That manufacturing data was a surprise. That was 4. 34. Yeah. 1. 9. It was 4. 20 yesterday. 14 basis points. It was on the stronger than expected ism. You add that together with the higher inflation data with the pce numbers on friday and the comments from jay powell and Christopher Waller last week and all of it has people thinking that june rate cut may not happen. The fed futures fell below Roger Ferguson said it over and over again. He has been our accurate barometer overall of it. We were at six and settle for five. Okay. Four would be good. We decided were going to do three. It could be one or two.
[applause] and the difference between then when we had a decertification and now is the sad faces the tears and now the smiles, joy and excitement. For the people when work at laguna honda this is in the just about their jobs. This is about their patients. This is about the people this they help every day. The people this depends on them. For help for support because they cant take care of themselves. We know what is at stake. When the decertification came to us. We knew we had no other choice but to come together to make hard decisions and to fight for laguna honda. And fight we did. And as a result, we worked really hard and i gotta say no one worked harder then and there the people who physically worked here. And we did all the paperwork. But it was touch and go for i minute and one of the best decisions this the department of Public Health made, doctor coal fax was to send the best add administrator anywhere to help us and guide this ship. I want to thank roland pickins for his wor