Good morning everyone. Im joe the American Enterprise institute and i want to welcomen everyone here in our comforter and everyone watching through electronic means to conference t today addressing the general and very specific question also of stabilizing the Health Insurance market under the Affordable Care act and, in particular, some proposal made by a group of eight governors will actually be following the panel. You may wonder why we have the governor speaking after us and the answer is travel considerations. Fortunately, although this panel is certainly not obligated to confine their remarks solely to the governors proposal, fortunately, the governor did put out a letter last week that is really quite easy to summarize. I will start by summarizing and raising the point so that everyone has a basic grounding in what the governors are talking about and, to some extent, the basic grounding about what were talking about, as well. So, they identify really three categories of actions
The committee on health, education, pensions and labor will please come to order. Senator murray and i will each have a statement and we will introduce witnesses. After the testimony senators will have five minutes of questions. There is a vote scheduled for 10 30. I think we will continue right 10 45. Until 10 4 and then we will alternate going back to vote. I think we will have time for all the witnesses testimony before we have to leave for the vote. We are holding the second in a series on Prescription Drug costs in response to a bipartisan request led by senators cassidy, senator franken, along with senators sanders,white house, and warren, as well as other senators who are interested in this object. Not only was the request for these hearings bipartisan, but both his hearing and the first hearing on drug prices were bipartisan, which means senator murray and i agreed on the witnesses. Despite this, our first hearing in june went so far off track that i delayed this hearing , inst
Sions and labor will please come to order. Senator murray and i will each have a statement and we will introduce witnesses. After the testimony senators will have five minutes of questions. There is a vote scheduled for 10 30. I think we will continue right 10 45. Until 10 4 and then we will alternate going back to vote. I think we will have time for all the witnesses testimony before we have to leave for the vote. We are holding the second in a series on Prescription Drug costs in response to a bipartisan request led by senators cassidy, senator franken, along with senators sanders,white house, and warren, as well as other senators who are interested in this object. Not only was the request for these hearings bipartisan, but both his hearing and the first hearing on drug prices were bipartisan, which means senator murray and i agreed on the witnesses. Despite this, our first hearing in june went so far off track that i delayed this hearing , instead oftors talking about drug prices, w
European law consumers get to know what the factors were that made that determination. I think we need to move to that approach. The make companies more accountable than decisions about American Consumers fairer and more transparent. You do have requirements that when you take adverse action based on Consumer Report you notify the consumer. And were Credit Scores used you have to have key factors that affected the score. One more question and i apologize. If the bill were kept liabilities in the past how much would hundred 45 million americans, how much would those victims of equifax problem been entitled to . First, heres to me there are be a cause of action and right now based on news reports thered be no cause of action under the fair credit reporting act because it was an credit report. Were there to be a breach of a Consumer Reporting database, i believe the figure was a million. The cap was either 500,000 are million. Was consistent with the other Consumer Protection statutes. It
Senator murray and i will be to have an opening statement, and then we will introduce the witnesses. After witness testimony, senators will each have five minutes of questions. Theres a vote scheduled for 10 30. I think what we will do is continue right on through of about 10 45, and then we will alternate going back and forth to vote. I think we will have time to all of us here witness testimony before we have to leave for the vote. We are holding a hearing, which is the second in a series on Prescription Drug costs in response to a bipartisan request, led by senators cassidy, senator franken, along with senators collins, baldwin, murkowski, war and as well as other senators interested in the subject. Not only was the request for these hearings bipartisan, but both this hearing and the first hearing on drug prices were a partisan, which means senator murray and i agreed on the witnesses. Despite this, our first hearing in june when so far off track that i delayed this hearing because