• Category Archives Health Care
  • 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.
    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.
    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.


    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.

  • This Change to the GOP Healthcare Bill Will Leave Some Americans Penniless

    President Donald Trump’s tall promises about the new GOP healthcare bill expected this week ring hollow when you look at what the bill does.
    He told ‘Face the Nation’ yesterday (Sunday) that the newest amendment to the controversial legislation shows the plan has ‘evolved,’ before adding that it will cover pre-existing conditions ‘beautifully.’
    But there’s one yuge problem with Trump’s ‘beautiful’ and ‘evolved’ new healthcare bill…
    The GOP Healthcare Bill Actually Hurts the Chronically Ill
    It’s true that the latest amendment to the Republican healthcare bill would preserve the federal rule requiring insurers to cover pre-existing conditions.
    But what the change doesn’t preserve is the federal rule banning insurers from charging higher premiums to a core group of chronically sick individuals – those who have experienced a lapse in coverage.
    Nearly one-third of Americans with pre-existing conditions have experienced a gap in coverage over a two-year period due to job changes, other life transitions, or periods of financial difficulty, according to an April 27 report from the Center on Budget and Policy Priorities (CBPP).

    This post was published at Wall Street Examiner on May 1, 2017.

  • May Day Post-Mortem – Are US Goods Producing Jobs Ever Coming Back?

    The proportions that make up America’s Service, Goods Producing, and Governmental employment have fundamentally changed since WWII. The chart below outlines that nearly all US job growth since 1939 has come from the service sector, with an assist from government jobs. And as for the Goods producing sector, it currently employs the same number as it did in March of 1953 and nearly five million fewer than at it’s peak in 1979. The goods producing sector has been outnumbered by the government sector since 2009, another inglorious milestone for America.
    Apparently, the future of US employment is a narrative about service providers serving service providers with ever more governance (chart below)?!?
    So, what are these classifications? Employment is split up among these groups as follows:
    Service (Wholesale/Retail Trade, Transport & Warehousing, Utilities, Information, Finance, Real Estate, Professional & Business Services, Education & Healthcare, Leisure & Hospitality, Accommodation & Food Services) Government (Federal, State, Local) Goods Producing (Construction, Manufacturing, Agriculture, Forestry, Fishing, Oil / Gas extraction, Mining…plus support services for these activities) Below, US employment is broken down by sector, as a percentage of the total US population since 1939 (as far as the data set goes). The service industry is now (as a %) employing nearly 40% of the total US population…up from just 15% prior to WWII. Government employment has more than doubled from 3% to 7%. However, goods producing employment has fallen from it’s 1943 peak of 14% to just 6% of the population presently making anything.

    This post was published at Zero Hedge on May 2, 2017.


    Gold: $1266.10 UP 2.40
    Silver: $17.21 DOWN 11 cents
    Closing access prices:
    Gold $1268.70
    silver: $17.21!!!

    This post was published at Harvey Organ Blog on April 28, 2017.

  • Will Trump’s Tax Plan Pass: Here Is The Complete Probability Matrix

    With global equity markets enjoying the biggest weekly inflow since the election on what BofA described was rising expectations of a Trump tax deal, the obvious question is “what is the probability of the Trump tax deal getting done.” And, as it turns out, that is also the wrong question, because as Morgan Stanley shows, the outcome from Trump’s tax proposal is not binary. In fact, there are nine distinct possible results, depending on how the various binomial outcomes pan out.
    But first, here is a snapshot of how Morgan Stanley’s Michael Zezas sees the infamous one-pager (which was fully explained by Goldman Sachs earlier in the week).
    A starting point, but we don’t think the timing of tax reform is advanced: The release is a signal that the White House is taking more of a leadership role on tax than they did on healthcare. Yet that fact alone doesn’t change the barriers to action and likelihood of delays (1H18 is our estimated timing), in our view, for the following reasons: Republicans still pursuing elusive healthcare deal – Until Republicans ‘cut bait’ on repealing & replacing Obamacare, they can’t practically start the detailed work of advancing tax reform through the budget reconciliation process. While we see little practical reason for Republicans to remain focused on healthcare, the recently proposed MacArthur amendment signals renewed dedication to the effort. As such, our concern is that they become bogged down in passing amendments to AHCA that satisfy the concerns of moderates, conservatives, and Senate reconciliation rules.

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

  • Trump 100, Margin Debt Stock Bubble and Gold

    – Stocks and the dollar look vulnerable due to Trump’s policies, America’s civil war politics and economic vulnerability
    – Stock bubble on margin debt – ‘Powerful time bomb’
    – ‘There is no alternative’ to stock bubble? Gold?
    – Bank Of America sets a date for the market’s ‘Great Fall’
    – Even uber bull Cramer compares 2000 dotcom bubble bust to today
    – Gold to stay elevated on safe haven demand – Economist
    – Gold’s tempered climb makes gains more ‘sustainable’ Trump’s first 100 days in office have been a whirlwind but so far the ‘Trump Trade’ of being long stocks has worked for investors and speculators. Will markets continue to be so forgiving of the many foreign and domestic policy failures including the failure to repeal ‘Obamacare’?
    It is possible but we think it unlikely as many stock and bond markets, particularly U. S. markets, are now priced for close to perfection – in a far from perfect, massively indebted, volatile financial world.

    This post was published at Gold Core on April 27, 2017.

  • Crashing Canadian Mortgage Lender Bailed-Out By 321,000 Retired Ontario Healthcare Workers

    With Canada’s housing bubble popping amid the collapse of the country’s largest mortgage lender, it was no surprise that a bailout had been orchestrated, and now we know the source of the $1.5 billion ‘loan’ – 321,000 retired healthcare workers in Ontario.
    As we noted yesterday, the stock of Home Capital Group cratered by over 60%, its biggest drop on record, after the company disclosed that it struck an emergency liquidity arrangement for a C$2 billion ($1.5 billion) credit line to counter evaporating deposits at terms that will leave the alternative mortgage lender unable to meet financial targets, and worse, may leave it insolvent in very short notice.
    As part of this inevitable outcome, one which presages the company’s eventual disintegration and likely liquidation, Bloomberg reported that the non-binding rescue loan with an unnamed counterparty will be secured by a portfolio of mortgage loans originated by Home Trust, the Toronto-based firm said in a statement Wednesday. Home Capital shares dropped by 61% in Toronto to the lowest since 2003, dragging down other home lenders.

    This post was published at Zero Hedge on Apr 27, 2017.