presentation by mike clark from acon. >> good afternoon president breslin and members of health services board. i will walk through the united healthcare city plan utilization report and claim experience for the calendar year 2018. if you look at the content page, i'll do a brief introduction, remind on restabilization actions and dive into the experience separately for active employees in the city plan and early retirees and include the nonmedicare dependents who are enrolled if the city plan. if we look at the information that i'm going to present to you, again, separate claim experience for active employees, focusing on comparison of 2017-2018 in four areas. how is membership changed? how the contracts size, which is the relationship of total covered individuals employees with independents to the subscribers and then look at financial information claim information on two bases per subscriber. we're looking at service date in the year. when you say, went to the doctor, or had hospitalization between january 1 and december 31st, even if the claim might have been paid, for instance it's

presentation by mike clark from acon. >> we talked little bit about rate stabilization reserves in the last presentation. page 3 give background on each the last two years. for the 2018 plan year, that was approved in june of 2017, the agency approved using was a $4,000,529,000,000 rate stabilization reserve to be applied by down 2018 premiums. we expected at the close of 2018 cycle, that we would have spend down the rate stabilization reserve. we looked at 2017 plan year experience. with that determined because of favorable experience, there was $1,000,661 available. that help all else equal to reduce the total rate increase by 4%. $1,661,000 equat

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the business secretary greg clark at mike uk the manufacturers organisation, we are saying goodbye and pointed out that the first freighter that will reach japan after the 29th of march set off from the uk yesterday with no clarity on what the rules would be when it eventually reached its destination. greg clark speaking to the manufacturers organisation, make uk. the fashion designer karl lagerfeld has died at the age of 85, according to reports by french media. the german designer was best known for his association with france's chanel, he was the creative director there for more than three decades. lagerfeld was instantly recognisable due to his distinctive look of dark suits, white pony—tailed hair and tinted sunglasses. 0ur correspondent leezo mzimba's here. at the helm of chanel for three decades? quite a record. absolutely, he was one of those figures that made an indelible impression on the industry, is well known for his appearance as he was for the clothes he designed, everyone as you say remembers the white hair, the black sunglasses, the high starched collars, that distinct

juan guaido is due to meet mike pence at the talks in bogotÁ. a new business secretary, greg clark is being urged to lead a mission to japan to ask honda to move its plant. honda has decided to close the factory with the loss of three and a half thousand direct jobs and 6000 in the supply chain. the companies as the move is part of global restructuring at not a result of brexit. the philippines is starting the search for a new central bank governor after the death of the old governor over the weekend. he died at the age of just 60 after a long battle with cancer. the deputy governor will be taking the reins until president rodrigo duterte names a successor. the central bank governors raised the benchmark interest rate by 175 basis points last year after inflation rose to a nine-year high. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. president trump says the u.s. will delay a deadline for increasing tariffs on chinese goods, saying substantial progress has

raise prices on goods kimberly clark is raising prices in north america on cottonelle and other brands sara eisen is back with her interview with michael hsu. >> thank you, mike, for hosting us here and doing this exclusive interview with us. >> welcome to dallas. >> it's good to be here. brand new ceo. you're taking over for tom faulk, ceo for 16 years. >> yes. >> what do investors need to know about you >> i've got to tell you, it is quite the honor to come into this role. maybe the biggest thing about me is that i'm a person who sees opportunity. and so because of that, i'm really excited to come into this job at this time because i think it's a great company and tom has built a great legacy, transforming the company over his 30-plus years with the company. but i still see a lot of opportunity ahead of us. >> so, let's talk about that the company is in a bit of a turnaround mode coming off a rough patch on sales with hope in the last quarter. where are you in this transformation >> certainly, we're not satisfied with our performance in the last couple of years, but we are making progress and solid progress in our fourth quarter, what we saw are net sales o

patrick clark, thank you so much for being with us. , making washington work more like main street. why one newly elected senator is taking on the pension plan. we will talk with mikeun next. if you have a bloomberg terminal, check out tv . this is "bloomberg." ♪ this is "balance of power." i am david westin. we're going to go to mark crumpton. marco congress plans to vote today on a spending bill to avoid another government shutdown. president trump signaled he will probably accept the plan, though he has not committed to signing it. the plan provides for $1.3 billion for new border fencing, far short of the $5.7 billion the president had demanded. the measure must be in a before midnight friday to avoid another government shutdown. dozens of india ticket he forces were killed today in the country's worst terrorist attack since prime minister narendra modi came to power in 2014. asian news international reports at least 40 personnel were killed in an attack on the convoy. a pakistan-based terror group has claimed responsibility. the pakistani government has yet to comment on the assault. more than 1000 florida schools paused this morning from moment of silence