Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by now but let me remind everyone of a few points. First, you will be able to see each person speaking during the hearing. Whether theyre there in person or remote. As long as you have your web ex set to acti
Ceos testify on Prescription Drug pricing. Members question why the retail price of their drugs frequently increases and at a rate that far exceeds inflation among other issues. This is just under 4 hours. Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by
Are living in a different environment completely and you have reported on World Affairs from all different kinds of directions in the worst tragedies on the planet but you focus on a class and oregon. Why . My mom still on a family farm in the fac place of a humanitarn crisis unfolding there. A quarter of the kids ar that we on my old number six schoolbus are now drawn from this and weve tried to process that. [inaudible] in from hepatitis he survived because he was in the Oregon State Penitentiary and we wondered for a while is this something and then we realized it is a National Problem we have depths of despair. It was kind of a microcosm to which to see that across america. You solve this through the lens of returning home and it could have been titled School Bus Number six. So many are from the friends you had growing up there and expanding from there. And you grew up in manhattan upper middle east and that is a whole different world early in the relationship you saw it on the fol
The meat of the last recession and prior to it. So this panel is going to be a a bit of a History Lesson. Take this off depressingly wonderfully if we can say that as a phrase. Ive heard him speak a few times ive never had to be so negative so that is something to take into consideration. I cut it its got to be a bit of a History Lesson so i want to set the stage a bit for what was going on in the years in the months leading on so when the financial downturn started and so just a reminder of the Great Recession and thought it at the end of 2007 and i was the largest collapse in state revenue on record by 2010 states were looking at a loss of 191 billion dollars in total in revenue that they had lost between from the start of the downturn and of course when there are times of economic downturn hitters more pressure on social Safety Net Services and things that cost a more money and so you have that inverse effect of more budget pressure at a time where the dollars are disappearing and s