Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li
Their video functions on at all times even when they are not recognized by e chair. Members are also reminded tha they are responsible for muting and on muting themselves and to commute to themselves after ty finishedpeaking. Constent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are rinded that our house rules relatin to the order andhe decorum of the hearing. This hearing is entitled insuringgainst a pandemic challenges and solutions for policiesnd i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 million ople could enter a state of extreme poverty do that tohe global econoc contraction and here in the United States, 67 Million People filed for Unemployment Insurance since march of this year. The harmfu effects of this pandemic are the stability of small bunesses like restaurants can
Almost drawn even. Without sounding sort of like arcane and gob deli bookish here, that items teams seems to that we have less worry of about a recession. That concern eases, even when we do when inverted it takes sometimes a year or two years before it materializes. The nevertheless the fact that is pushed off, a lot of stocks that do business with companies abroad, particularly in asia, china, they are among the stronger advancers. It is helping reverse this bond Market Sentiment that built we were going to enter a slow down. Now people are selling bonds. Buying stocks. More attracted to the yield of the s p 500 for example, which at 2 or so, is significantly better than around the 1 1 2 youre looking at for 10year note. You can well understand what has been going on here, at the corner of wall and broad. Oil prices moved up a little bit. Theyre advancing today. That benefits key Oil Components dominant among 11 s p sectors. What is happening with the nearly 2 runup in oil prices. Be
We have five state Insurance Commissioners. Thank you for coming from long distances, some of you, to be with us to give your testimony on how to help the 18 million americans in the individual Insurance Market. To give an idea of how many people are interested in this, senator murray and i invited senators who were not on our committee, which has about a quarter of the senate is on this committ committee, to come to a coffee with the five commissioners that weve just completed for an hour. We had 31 senators there. Thats a remarkable level of interest. Senator murray and i will each have an opening statement. Then well introduce our five witnesses. After their testimony, senators will have an opportunity to ask witnesses questions and well do it in fiveminute rounds. This includes 23 United States senators. Nearly onequarter of the members of the senate. It includes senators with the widest divergence of views. It has a republican majority of only one. Yet working together the last tw
This hearing is about taking one small step. A small step on the big issue that has been locked for seven years, Health Insurance. It is a step Congress Needs to pick by the end of this month. By the end of this month. To the 18 million americans, songwriters and selfemployed farmers, those that dont get their Health Insurance from the government or onthejob committees 18 million by their Health Insurance in the individual market and about half of them have zero Government Support to help buy that insurance. 18 million is only 6 of those who have Health Insurance in america. So thats the individual market. Nearly 300 million have Health Insurance, e. 18 million have the individual market that is 6 of all of the insured and 9 million of the 18 million have no government help to buy their insurance and are the ones hurt by higher premiums and copayments and deductibles. A 35yearold making 48,000 a year in lynchburg would receive no tax benefit to cover her 7,100 a year premiums. 7,100dol