• Category Archives Health Care
  • Where is Investigative Reporting?

    Folks, brain surgery is not routine. Ever.
    Further, you do not discover a blood clot in the brain during a routine physical. In fact a so-called “routine physical” in today’s world catches damn near nothing — ever — simply by design, since you usually spend less than 5 minutes with an actual physician. Granted, a Senator doesn’t get “your” physical, he probably gets an hour with an actual physician. But the point here, in addition to the vast difference between “you” and “Senators”, is that there is no instrument that a doctor has in his office that is diagnostic for a clot on the brain. Generally you find them on a CT (or similar), which is never done routinely because (1) it is relatively expensive and (2) it involves ionizing radiation exposure, which is never appropriate without a damn good reason.
    A 2 centimeter “clot” is of course inadequate to describe what was found, since it only speaks to one dimension and such a thing occurs in three dimensions. Second, a clot occurs after bleeding does, which leads to the next question: What caused it?

    This post was published at Market-Ticker on 2017-07-17.


  • More Ignorance from Rand Paul

    This is just flat-out ridiculous:
    As Paul explains in his letter, ‘While I appreciate the inclusion of Small Business Health Plans in the BCRA, I believe improvements could be made to expand upon this provision to allow for greater freedom for individuals and small businesses to pool together for the purpose of obtaining health insurance coverage.’
    Under the BCRA, self-employed people could participate in small business health insurance plans, but Paul wants ‘the language [to] be changed to allow any individual, including self-employed individuals, to form associations for the purpose of purchasing group health insurance.’
    Basically what Rand wants is two-fold, although this OpEd only focuses on one of the two points.
    This focus is on the ability for any group of people to get together and “form an association” to buy health insurance.
    Think about this one folks. It sounds like a good idea — your church, your civic organization, your local chamber of commerce, your homeowner’s association or scout troop could get together and form an association “for the purpose of buying health insurance”, then negotiate with various insurance companies exactly like a business does.

    This post was published at Market-Ticker on 2017-07-09.


  • Europeans Are Dying For A Drink…Especially The Lithuanians

    “Everything in moderation” appears to be a phrase the Europeans are willing to ignore. A new report shows the average European puts away between one and four drinks a day, enough to notably increase the risk of colorectal and esophageal cancers. Americans drink 20 percent less alcohol each year than Europeans.
    ‘The majority of people aren’t aware that alcohol is a risk factor in these cancers,’ said Professor Helena Cortez-Pinto, a gastroenterologist at Hospital Universitrio de Santa Maria in Lisbon. ‘This epidemiological evidence is clear about the association.’
    As Bloomberg reports, United European Gastroenterology, a nonprofit coalition of specialists, analyzed data collated by the World Health Organization, which shows that Europeans drink more than people on any other continent, an average of 11.2 liters of alcohol per year – the equivalent of just under two drinks a day.
    Americans drink 20 percent less alcohol each year than Europeans, while the average African drinks half the amount. One in every five Europeans over the age of 15 drinks ‘heavily’ – more than four alcoholic drinks – at least once a week.

    This post was published at Zero Hedge on Jul 6, 2017.


  • What’s The Real Story on The NY ‘Doctor’?

    Hmmm.…
    A doctor who killed another physician at a New York City medical center and wounded six other people before taking his own life had sent an email to a newspaper blaming hospital officials for wrecking his career, the New York Daily News reported on Saturday.
    Yes, it was all the hospital’s fault.
    Let’s see what we know. The “doctor” was an immigrant; from Nigeria, it appears. Reuters “mentions” that he obtained a medical degree from Dominica, but doesn’t mention a few other things.
    Like, for example, that his name is a muslim northern Nigerian name. He apparently threatened to kill his co-workers, if this source is to be believed, and then carried out that threat. Oh, and he has three prior arrests, all involving allegations of various improprieties with women, dating back to 2003.
    It appears that he came to New York for the explicit purpose of carrying out this act; CBS New York says he was living in California, which certainly implies he went to a hell of a lot of trouble and this was no “random” incident.

    This post was published at Market-Ticker on 2017-07-01.


  • A Totally False And DANGEROUS Meme

    There’s a meme flying around the last few days that has managed to “snag” a few people I know on Zuckerpig’s site related to vaccinations.
    I’ve seen two variations of it. One “features” a kid (but not an infant) who cannot be vaccinated because she’s immunocompromised and a “attenuated” live vaccine could kill her. The other features an infant too young to have been vaccinated against the evil (in this case, whooping cough.)
    Both are attempts to shame people who are “anti-vaxxers”, and take a shot at the autism claims.
    Let’s start there.
    There is no evidence that vaccines in fact cause autism. Zero. There are a lot of claims that said occurs, but there’s no scientific evidence for it.
    The “meme” is basically a my kid got screwed because of you evil bastards who didn’t vaccinate your kids.
    The problem is that the meme is false.
    Let’s deconstruct it because down this road lies a dangerous and false set of beliefs.
    First, there’s the explicit claim that “if your kid was vaccinated mine would not have gotten sick.”
    This is false unless every single kid is vaccinated with vaccines that are 100% effective.

    This post was published at Market-Ticker on 2017-06-30.


  • Trump Goes After “Fake News” NYTimes, Slams Media Criticism On Healthcare: “I Know The Subject Well”

    One day after he repeatedly lashed out at CNN, on Wednesday President Trump blasted the the NYT in particular, and the broader press in general, for reporting that he is “not totally engaged” on healthcare.
    “Some of the Fake News Media likes to say that I am not totally engaged in healthcare,” Trump tweeted shortly before 7am. “Wrong, I know the subject well & want victory for U. S.”
    Some of the Fake News Media likes to say that I am not totally engaged in healthcare. Wrong, I know the subject well & want victory for U. S.
    — Donald J. Trump (@realDonaldTrump) June 28, 2017

    This post was published at Zero Hedge on Jun 28, 2017.


  • US Is A “Second Tier” Country, According To Social Progress Index

    Most Americans’ idea of happiness involves lounging by the water or on a beach somewhere. But it turns out, human happiness can flourish even in freezing climates far from the equator.
    To wit, the Social Progress Imperative, a US-based nonprofit, released the results of its annual Social Progress Index report, which purports to rank countries based on the overall wellbeing of their citizens. Four Scandinavian countries – Denmark, Finland, Iceland and Norway claimed the top spots, while the US placed 18th out of 128, leaving it in what the SPI defines as the ‘second-tier’ of countries based on citizens’ wellbeing, according to Bloomberg.
    Luckily, being ‘second-tier’ doesn’t seem that bad, according to a definition found in the report.
    ‘Second-tier countries demonstrate ‘high social progress’ on core issues, such as nutrition, water, and sanitation. However, they lag the first-tier, ‘very high social progress’ nations when it comes to social unity and civic issues. That more or less reflects the U. S. performance. (There are six tiers in the study.)’
    ‘We want to measure a country’s health and wellness achieved, not how much effort is expended, nor how much the country spends on healthcare,’ the report states.

    This post was published at Zero Hedge on Jun 21, 2017.


  • A Surgeon Stands Up

    No, this is not the first thing Ramin has posted on this general topic, and no, it’s not the first time he’s gone after the real issue. It is, however, particularly poignant given the circumstances and worth a read.
    Americans pay four to 10 times more for prescription drugs than what citizens of other developed countries pay. It’s true that drug prices must be high enough to pay for research and development, but there is no reason that only American consumers should bear that cost. We effectively subsidize the generous national health systems of Canada and other western countries by allowing them to get away with paying much lower prices that don’t reflect the much greater R&D costs of the drugs they use.
    Exactly.
    When I point out that I can reduce the cost of medicine in the United States by 80% in a single day without screwing one patient or killing one person by withholding (rationing) care I usually get blank stares in response. It’s utterly true, however; when you pay 4-10x — or even 1,000x as much as a market price for something that simply putting a stop to that takes 60-90% or more out of the cost.

    This post was published at Market-Ticker on 2017-06-13.


  • GE CEO Jeff Immelt To Step Down

    In a major shakeup at one of the largest US industrial conglomerates, General Electric said Monday Jeff Immelt, 61, would step down as CEO and Chairman, a move that had been expected by many. Immelt will remain Chairman of the Board through his retirement from the company on December 31, 2017.
    John Flannery, 55, the company’s current president and CEO of GE Healthcare, will take over as companywide CEO effective August 1, concluding a 16 years period during which the stock price of GE has barely budged.
    The company said that the executive changes are result of succession plan run by GE Board since 2011. Flannery joined GE Healthcare in 2014, led turnaround, increasing organic revenue by 5%, and margins by 100 bps in 2016; began career at GE Capital in 1987.
    The company also said that CFO Jeff Bornstein has been promoted to vice chairman.

    This post was published at Zero Hedge on Jun 12, 2017.


  • Slow Emotion Replay

    I just got back from New York, and I have to say, it was a bit of an emotional trip. Without getting into too much detail, some of my meetings dredged up old feelings that I’ve been carrying around for the last few days.
    First, I want to express annoyance about these feelings. They’re not productive; they don’t help me do my job. They’re a distraction. I wish I didn’t have them.
    There are a lot of times in my life where I wish I was just a computer and didn’t have feelings. I’d probably be a much better trader.
    And that’s what this piece is about. We’re all human beings, trading and investing, trying to make money, but these things called emotions get in the way.
    Now, most trading experts will tell you to get rid of your emotions altogether, to get as close to being a computer as possible.
    Let’s be realistic – you can’t get rid of your emotions. The best you can do is to try to use them for your advantage.
    Voluble
    I am probably more emotional than most people. I have a tendency to get really happy or really angry or really sad (more here). I got a stomach flu a few months ago and spent a day at home on the couch, watching 6 hours of My Cat From Hell reruns (and crying).
    I have spent most of the last ten years trying to be as dispassionate as possible – but emotions still sneak out sometimes.
    So if I can control my emotions investing, you can, too. One of the first things to work on is your response to making or losing money.

    This post was published at Mauldin Economics on JUNE 8, 2017.


  • CropMobster: How To Put Your Local Food System To Its Highest Use

    The following video was published by ChrisMartensondotcom on Jun 5, 2017
    In America alone, it’s estimated that up to 40 percent of the post-harvest food supply is discarded, according to The Journal of the Academy of Nutrition and Dietetics. That represents more than 1,200 calories per day for every man, woman, and child in the U. S. — just thrown into the trash.
    Yet at the same time we have food access issues and nutritional deficits that result in widescale health problems and hunger nationwide, despite having more than enough nutritional calories to go around. Our food system is a mess — and it doesn’t have to be that way.
    In this week’s podcast, we talk with Nick Papadopoulos, founder of CropMobster; an innovative company focused on helping communities dramatically improve the potential of their local food sheds. Nick explains how CropMobster provides a platform that any community can build on to connect local producers with local consumers in ways that boost economic development, reduce wastage of food and other resources, and assist local hunger relievers.


  • Which Companies Have The Highest Revenue Per Employee?

    For many companies, the biggest cost is talent. This is especially true of Silicon Valley, where companies sell clicks and digital goods that do not have any material cost. So which companies’ workforces are able to generate the most revenue?
    We decided to analyze every company in the Standard & Poor’s 500 Index to see which ones had the highest and lowest revenues per employee. The Standard & Poor’s 500 Index (S&P 500′) includes the 500 largest American companies listed on the NYSE or NASDAQ. In 2016, S&P 500 companies generated $11 trillion in combined revenue and employed more than 25 million people worldwide.
    We found that Energy companies have the highest average Revenue per Employee, while Industrials and Consumer Discretionaries perform worst on this metric.
    Technology companies performed at the lower end of the range on Revenue per Employee; part of the reason for this however, is other companies in spaces like Energy and Healthcare have large non-employee costs that Technology companies do not have.

    This post was published at Zero Hedge on May 30, 2017.


  • CNN Cuts Ties With Kathy Griffin After Trump Rages At “Sick” Comedian’s Stunt

    For the record, I am appalled by the photo shoot Kathy Griffin took part in. It is clearly disgusting and completely inappropriate.
    — Anderson Cooper (@andersoncooper) May 31, 2017

    Update 2: CNN pulled the plug on Griffin…
    Her partner for the New Year’s Eve shows, Andersoin Cooper, had already disowned her…
    Nigel Farage was quick to respond…
    Update 1: First Lady Melania Trump has spoken out against Kathy Griffin’s actions, questioning her “mental health.”
    ‘As a mother, a wife, and a human being, that photo is very disturbing,’ the first lady said in a Wednesday statement, according to reports.

    This post was published at Zero Hedge on May 31, 2017.


  • Obamacare Finally Repealed

    The American Health Care Act (HR 1628) finally passed by the House yesterday reducing taxes on the American people by over $1 trillion. The bill abolishes the most abusive taxes taxes imposed by Obama and the Democrat party back in 2010 known as Obamacare. The Democrats helped the insurance companies and burdened the youth trying to force them to pay for insurance they did not need to get insurance companies to cover people they would not.
    Obama as a presidential candidate back in 2008, had promised repeatedly that he would NOT raise any tax on any American earning less than $250,000 per year. That was an outright lie. As always, they claim they will only tax the rich, but it never end up that way.

    This post was published at Armstrong Economics on May 5, 2017.


  • Dow Jones News: Dow Drops as House Republicans Pass Obamacare Replacement Bill

    This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
    In Dow Jones news today, the Dow dropped six points as congressional Republicans voted in favor of repealing and replacing parts of the Affordable Care Act.
    Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
    Index Closing Point Change Percentage Change Dow Jones 20,951.47 -6.43 -0.03% S&P 500 2,389.52 1.39 0.06% Nasdaq 6,075.34 2.79 0.05% Now here’s a closer look at today’s most important market events and stocks, plus Friday’s economic calendar.

    This post was published at Wall Street Examiner by Garrett Baldwin ‘ May 4, 2017.


  • The New GOP Healthcare Bill Still Contains a Costly Oversight – but It’ll Get Passed

    This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
    The highly anticipated new ‘RyanCare’ bill has been drafted; the House will vote on it today, with supporters hoping to repeal and replace Obamacare.
    But it’s got a major problem.
    In order to pass, this GOP healthcare bill needs to win over the moderate Republicans who were dissatisfied with the first version’s lack of coverage for Americans with pre-existing conditions.
    It does take steps to do that – but still falls massively short.

    This post was published at Wall Street Examiner by Money Morning Staff Reports ‘ May 4, 2017.


  • S&P Futures Jump Ahead Of GOP Healthcare Vote, Ignore China Commodity Crash

    S&P futures rose on hopes a successful Republican healthcare vote on Thursday will unlock the Trump fiscal agenda, while European shares jumped to a 20 month high on signs Macron is poised to win Sunday’s French election coupled with reassuring corporate results, including strong earnings from HSBC, even as Chinese and Australian stocks fell as commodities, and iron ore futures particularly, tumbled. Oil also declined while the Bloomberg Dollar spot index fell 0.1% in London morning trading, after gaining 0.4% Wednesday. It weakened against all but two of its Group of 10 peers.
    As reported overnight, Iron ore traded in China plunged limit down (-8%) in the afternoon session, with Rubber also limit down (7% lower), and steel rebar, coke, coking coal tumbling over 6% on concerns a crackdown on Wealth Management Products and shadow banking in general – in addition to the worst service sector PMI print in nearly a year – could result in a hard-landing for the Chinese economy (something both PIMCO and Kyle Bass warned about in the past 24 hours). Of note: the drop in iron ore prices was the biggest so far this year.
    Concerns about a crackdown of credit in China also dragged 10-yr treasury futures lower, down 0.44% at the close, while the 21st Century Business Herald reported that Chinese borrowing costs in April surged with the average coupon rate up near 200bp.

    This post was published at Zero Hedge on May 4, 2017.


  • PIMCO Warns “Brace For Lower Growth” From A Less ‘Impulsive’ China

    At the end of February, when we first reported that “The Global Credit Impulse Suddenly Collapsed To Negative“, citing UBS data on China’s credit impulse, we warned readers to ignore the sideshow that is Trumponomics, and focus entirely on monetary and credit developments out of China, especially since said developments were increasingly more concerning.
    Now, over two months later, the same warning is being echoed by none other than the firm which recently regained the title of the world’s biggest active bond fund.
    In the company’s blog, PIMCO’s Gene Fried echoes everything we have said and write that following the defeat of the new U. S. healthcare bill, investors have begun to rethink the likely time frame and extent of the Trump administration’s other top priorities, such as fiscal stimulus. Equity markets stalled and bonds rallied as investors toned down their expectations for global reflation recently.
    None of this is horribly surprising, but by focusing so intensely on U. S. political developments, investors risk missing a silent shift in what has arguably been the strongest driver of global reflation in the last five years: Chinese credit. This driver is now moving sharply in reverse.
    China’s ‘credit impulse,’ the change in the growth rate of aggregate credit to GDP, bears close watching: It has tended to lead the Chinese manufacturing Purchasing Managers’ Index (PMI) by a year (see Figure 1) and the U. S. Institute for Supply Management’s (ISM) manufacturing index by 14 months.

    This post was published at Zero Hedge on May 3, 2017.


  • GOLD & SILVER SMASHED BY CARTEL

    The following video was published by SilverDoctors on May 3, 2017
    The gold cartel smashes gold and silver lower again. Trump says he would be open to meeting with North Korean dictator Kim Jong-un. Obamacare repeal may finally pass the House. Trump talks with Putin.
    The relentless smash of gold and silver prices continued Wednesday.
    Gold was down another $10 to $1245, finally breaking below significant support at $1250. Silver prices are down another 30 cents to $16.55, now a full $2 below recent highs near $18.60.
    The all time record open interest in silver and massive commercial short positions in the COT report was indicating a cartel slam was coming, and come it has. Adding to the downside fuel is the Fed. The Fed is apparently preparing to unleash another rate hike in June, regardless of economic conditions. The metals have stabilized in the wake of the FOMC statement’s 2pm Eastern Time release, and we are looking for a bottom in both metals over the next 48 hours as an excellent entry point opportunity.