. >> thank you director bohe and commissioners for having us nicole with unit health care our account exclusive. the city plan retiree pagers and similar sound-producing electronic devices are prohibited at this meeting. program i'm pleased to have my peers here they'll walk through the presentation and welcome a q and a around this possible new plan >> good afternoon nicole united health care i'm the accounting exclusive i work in managing our partner plan good afternoon. i'm forest burke the chief financial officer for the united care solution our medi-cal business and director bohe and decorators thanks for your time today we've got a presentation probably a little bit longer you want i'll step through that quickly about how the program works and how it might be different than things in the past so nicole you got the - you can run the slides move to the first slide the subsidies slide. >> there you go. >> so a medi-cal advantage plan takes the part organization benefits that are medi-cal part ab part a a hospitalization and skilled nursing worker and b is outpatient and physician s

nicole: and is a product -based rally across the board. 2% of the record all-time highs. they are mostly winners on wall street. take a look at some of these names. travelers. united healthouncement of another frozen. you can really see this across the board. this on the same day we're talking about oil hovering around those loans. melissa: we have all been there. you want to read that story online but you have to pay a monthly membership to read it. pay for an article rather than a monthly fee. this is a real disruptor. they put up a pay wall. >> and is showing some positive results. >> each article cost an average of $0.20. the revenue is split roughly between you and the publisher. it can really add out. do they feel like it will eat into their subscribers? >> i think honestly, right now you pump into these. you need to register again. you have to think multiple subscriptions right now. what itunes did for music we try to do with journalism. we noted that a user spends a lot within one newspaper that is the moment we will try to push a subscription to that user to make it easier and cheaper for them. melissa: i also think it is interesting that you have a money back.