2072 and change for a new alltime high. The nasdaq continues to march ever higher today up about 17 points right now. Were just about 5 now away from nasdaq 5000. 5 . Yeah, right . But think about how long its been. March of 2000 when it hit that mark and signaled the top of the internet bubble all those years ago and not close to that level since that time. And were wondering getting closer whether this number is making some investors nervous now. Hmm. Thinking thats the completion of this bull move. Right . Well debate it. We have a pair of heavy hitting ceos ahead. Joseph swedish as they change from wellpoint effective here and here to ring the closing bell and changing the Ticker Symbol and talking obamacare impact. Plus International Papers new ceo mark sutton in his first interview since taking the reins ago. So a lot to talk to them about. And again, more to get to ask, to see what they got out of this meeting with president obama. Interest dog see that poll during power lunch a
About. Really get five minutes and it took up the balance of his time to explain the concern of the cadillac tax and im hearing about that at home as well. It is yes or no, ms. Tavenner will you undertake to review to rethink that to engage those with whom you work to rethink that and maybe go back to the drawing board warda cadillac tax and to make a work for all americans. The president has been clear he would be willing to work with congress to make improvements. Thankyou for that. In the unguarded moment in the statements that he considered to be a false lead but among them is the adn that Health Care Spending in this nation is the lowest increase in 50 years. I was surprised would you comment on that, ms. Tavenner . Based on the Health Care Expenditure report last week that our office did it is the lowest trend of Health Care Spending it is one of the lowest of 2013. And expenditure is that the alltime low. There is not a lot that is refreshing to talk about aca and recrimination
Until 2018. So now what i see is some players are running away for the health care obligations because now there is a 40 tax over the limits established of the aca. I have four really good employers that sam will be killed that they are trying to get out they are reorganizing and cutting companies and half so now i have the unions and those that were in favor of this bill asking you to repeal it. I am a union member a former Union President and i have the union saying repeal this. Fortunately for me i voted against it. Unlike some people i actually sat down and read it. I had a full staff whole big me with questions. Helping me with questions. So people thought they would benefit. How do i fix this so previously good employers would continue to reduce that . Because they all work 52 weeks a year they get laid off, of bad weather, a broken time so they needed the format to provide for their families to get Health Insurance and now these employers are running away from their health care
Some individuals with both medical and dental coverage were counted twice in the individual affected enrollment numbers. Moving forward, only individuals with medical coverage will be included in our individually affected enrollment numbers. We are now providing weekly snapshots of the 2015 marketplace data, including the number of consumers who have submitted an application, contact kd the caed the call ce visited the website. We have also created a in new data office and have named our first chief data officer. This new office will help cms strengthen its processes and more broadly will help cms better harness and use our vast data resources to provide better care at a lower cost. While this mistake was regrettable, it should not obscure the fact that the afford and care act is working. We have 6. 7 million americans enrolled in Health Care Coverage and paying their premiums as of october 15th and the number of uninsured adult americans is down 26 . Since the beginning of the open En
Not find a plan that is adequate for them. A hardworking young man spent almost the entire weekend trying to up on to obamacare from a plan ha that he lot of and couldnt keep. I watched him try to get a plan through the website through talking with people and connected with websites, he couldnt get it. He had a plan he liked. He is not stupid. He couldnt keep it. Constituents contacted me, saying while they may have found a plan under obamacare, not necessarily a plan that they liked or could keep, but found a plan like mr. Goldman that was reasonable in cost, yet when they got to the point of having to pay their deductibles and copays and out of pocket expenses or the Prescription Drug cost, they couldnt afford it. I would suggest that transparency is what you see is not what you get. My time is expired. I now recognize mr. Cartwright for five minutes. Thank you and i thank the witnesses for appearing today. Yet another instance of the mashes of teeth over the Affordable Care act. Adm