Stabilize the Health Insurance market. This is two hours and 20 minutes. Senate committee on health, labor and pensions will come to order this morning. We are holding our third of for hearings on stabilizing the cost of premiums and ensuring americans are able to purchase insurance in the individual Insurance Market in 2018. This is the market were 6 of insured americans, that is 80 Million People by their insurance. Those who dont get insurance through medicaid while on the job. For the past fee years, the cost of premiums in the individual market copays deductibles up and skyrocketing in many states. Half of these 18 million americans have government subsidies to cushion the blow of the rising prices. Many of those who find themselves in the other half are being priced out of the Insurance Market that they simply cannot afford. That is why these hearings have a narrow objective. Congress and the president do between now and the limit the month to help premium increases in 2018 and l
Going to thaerhear a little about that over the next couple hours. Hes going to join us, famed economist Robert Shiller, cnbc exclusive, to find out what he thinks about people using, yes, bitcoin to buy real estate thats a story were going to cover and ask the professor about it. Amongst other things as well. Geeky valuation questions. No. Yes i studied cfa for exactly this reason i con not rate. Were going to start with health care and a number of health cares from President Trump today on Drug Companies. Health care stocks taking a hit on those comments. Eamon javers is live at the white house if more on that. Reporter here at the whouit house the president of the United States scheduling an impromptu surprise press conference, brought a normal of us reporters to the rose garden, gathered around the podium the president came out with Mitch Mcconnell, republican leader in the senate the purpose of this gathering was for the president to say his relationship with Mitch Mcconnell is be
Playing hockey. He is not able to join us. Mike will cover some of the points he was going to make. Why theres a call to action to increase value in our Health Care System. Ill start first by introducing each panelist and sit down, and then go on. So ill start with mike, who is one of the nations most highly regarded economists. Really what distinguishes mike, not only is he broil yant on the theory and research. Probably more than any other economist, he understands how markets work. And he leads much of the Health Care Policy work coming out of harvard medical school, he also sits on harvards benefits committee, where he learns firsthand why markets are not always efficient. Is that fair to say . He also serves on cbos panel of health advisers. A member of the Massachusetts Health connecter board of directors and vice chair of medpac. We have the fortune of having him serve on our advisory board. Hes one of the pioneers of value based insurance design. And the go to researcher for me
Administration, cash sunscene, talked about his new book. Representatives from twitter, facebook and google testified before congress tuesday. As to russias influence on the 2016 elections. On wednesday, two hearings, live on cspan3, 9 30 achl eastern the Senate Intelligence committee. At 2 p. M. , hear testimony from sean edgette of twitter and kent and walker, general counsel for google. Watch them live, online or listen live on the free cspan radio app. A panel of healthcare policy officials shared their views on lowering costs while trying to maintain quality. Topics included changes in payment models and transitioning from a fee for service to a valuebased reimbursement system. This was hosted foundation. Good afternoon. So wed like to go ahead and get started. Im nancy chalkly. Im delighted to welcome you here today. We have an incredible panel of business and policy leaders. They come at the problems from different perspective. But one unifying theme between all of them is their
Committee. At 2 p. M. , hear testimony from sean edgette of twitter and kent andwalker, general counsel for google. Watch them live, online or listen live on the free cspan radio app. A panel of healthcare policy officials shared their views on lowering costs while trying to maintain quality. Topics included changes in payment models and transitioning from a fee for service to a valuebased reimbursement system. This was hosted foundation. Good afternoon. So wed like to go ahead and get started. Im nancy chalkly. Im delighted to welcome you here today. We have an incredible panel of business and policy leaders. They come at the problems from different perspective. But one unifying theme between all of them is their concern for what rising healthcare costs do to americans. And the need to increase value in our Healthcare System. So each of them will present their own ideas of how to increase value or how they are increasing value in the Healthcare System. A nonprofit nonpartisan organiza