Chairman and the Ranking Member, the whole committee here, senator barrasso, senator carper, you have an introduction to make also. We will do that. Lets recognize senator carper because he will be coming back and doing his a little later. Very briefly, welcome to this important hearing, i think the chair and Ranking Member for putting this together and giving us a chance to say something, i ask unanimous consent him if i come back and give it live later this morning i will do that, good to see you, thank you for joining us this is important stuff. I want to thank all of you for being here today, thank you for your help in getting this together. I have taken counts, the last one other than you and me, retiring this year, that means you and me. I hope that is not a message. We did coming, working together in a bipartisan way of accomplishing things, looking forward to working with my colleagues who worked in legislation benefiting users for Transportation Networks and the economy. Since
All right. Ladies and gentlemen, good morning the meeting will come to order this the regularly the Budget Finance Committee excuse me board of supervisors budget finance subcommittee im supervisor cohen chair of this committee and to my left is supervisor katie tang and to my right is supervisor yee and our clerk mr. John carol and linda wong thank you jesse larson and phil jackson from sfgovtv so for assisting us today madam clerk, any announcements . Devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the may 2 board of supervisors agenda unless otherwise stated. Thank you very much call the first item Revenue Bonds or commercial placing the total Principal Amount of San Francisco International Airport subordinate commercial paper notes for any lawful airport. Thank you id like at a call kathy from the airport to make a brief presentation on this item. Good morning chair cohen im kate hartley with the
These options today. Thank you, i look forward to your questions. Let me start was in questions. Many factors contributed to the failure of the coops. Lower than higher expected enrollments, restrictions on investors, risk adjustment formulas, lots of those. Let me start off. What are the top reasons the coop failed in your state . Thank you for your question. Our coop had challenges from inception, in that as the commissioner mentioned, going into a state without Provider Networks cause the company to have to lease those. There were a ministry of cost that were new to the startup, that any startup would have. But in 2014, we had disastrously low enrollment. Truly come at most, 1000 people signed up for the coop plan. Mostly because the rates were somewhat higher than the leader and the wellestablished companies in tennessee. Overcoming those challenges became extremely difficult. And is why we saw significant rate increases for 2015 and beyond because of the enrollees across the marke
Through archival footage. This sunday will feature ronald reagan. And on cspan saturday night at 8 30, the steamboat Freedom Conference debate looks at the effect of legalized marijuana in colorado and other states. Sunday evening at 6 30, coverage continues with former Maryland Governor and president ial candidate martin omalley. He will speak at a townhall meeting of the university of New Hampshire in durham. On cspan2 book tv, starting at 4 00, it is the boston book festival featuring nonfiction presentations. Including Jessica Stern on isis. Iraq and on two Afghanistan War veterans. Connectionsn the fiction writing and life. Sunday night, a Book Discussion with former first lady of massachusetts, anne romney. About her journey with multiple sclerosis. Get our complete schedule at cspan. Org. More than half of the Nonprofit Health Insurance Companies created under the aca have failed. andy and several of mandy and several others testified mandy cohen and several others testified. Ex
To accommodate that request from our folks. And it began doing that. The situation is dire, and we are doing everything we can to preserve the network of providers to make sure their policyholders will continue to have coverage through the end of 2015. Now state regulators have the unenviable task, as i have had, of trying to wind down a company, at the same time conserving it in my state, unlike tennessee without the protection of the Guaranty Fund to assure the Health Care Providers that their bills would be paid. Let me talk for a few minutes about our relationship we do not have minutes. Youre out of time. Heres the thing, we have one vote. He . Lso have staff, is mr. Chairman, the problem is there down to two or three minutes. I dont think they will hold open for us. With all due respect, i will invite my members to go down and vote. Unless someone wants to be very quick. Come back as quickly as possible. We should be up to reconvene in about 10 minutes. Thank you. We are joined b