Hospitals, doctors drop private Medicare plans over payment disputes

One large health system with hospitals in Virginia and Ohio this year cut off in-network access to consumers enrolled in some Anthem Blue Cross Blue Shield Medicare and Medicaid health insurance plans.

Hospitals, doctors drop private Medicare plans over payment disputes

Related:

Vanderbilt Health to drop some Medicare Advantage plans

H/T: Christopher Westfall | Senior Savings Network (this is not an endorsement)

US economy expanding?

The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”

US economy expanding?

Raytheon’s CEO said on an earnings call that the company stood to ‘benefit’ from DoD budget increases due to the war in Israel

On an October 24 earnings call, RTX Corporation CEO Greg Hayes said that the defense contractor stood to “benefit” from a US Department of Defense’s budget increase which would fund the supply of weapons to Israel and the restocking of weapons in Ukraine.

Raytheon’s CEO said on an earnings call that the company stood to ‘benefit’ from DoD budget increases due to the war in Israel

[2022] The Dark History of Medicare Privatization

Medicare Advantage was supposed to be a money-saver. It’s now become a costly, unaccountable cash cow for private insurance companies that is swallowing traditional Medicare.

The Dark History of Medicare Privatization

Related:

Medicare goes “woke”?! 😉

CMS Unveils ACO REACH: What you Need to Know

The Geo Direct Contracting model is scrapped, and ACO REACH is replacing GPDC…

A new incentive will help to address health equity.

Blue Cross Blue Shield Association

Blue Cross and Blue Shield insurance companies are licensees, independent of the association and traditionally of each other, offering insurance plans within defined regions under one or both of the association’s brands. Blue Cross Blue Shield insurers offer some form of health insurance coverage in every U.S. state. They also act as administrators of Medicare in many states or regions of the U.S.

Argentina election 2023: what you need to know

The vultures are ready to “make the economy scream” if Javier Milei wins!*

Argentina election 2023: what you need to know

Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.

Related:

Argentina election: from peso to dollar?

But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.

Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.

Just scratching the surface:

Read More »

As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact

Last night’s announcement by UAW President Shawn Fain that the union would initially only strike at three non-strategic plants has confused many in the labor movement. The announcement comes as the Biden Administration has stepped in to stop the strike from spread and protect its $15 billion investment in transitioning the auto parts industry to make electric vehicles.

As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact