Posts Tagged ‘Health Care’

The future of Health Care

Friday, April 24th, 2009

The Washington Times has a story today about problems with the EMS ambulances in Washington D.C.   It’s primarily a local story (Washington Times is a local newspaper in addition to trying to have a national audience), but it has clear national implications.

Washington DC is peculiar in the entire country in that it is a city run by the Federal Government.  D.C. is not part of Maryland or Virginia – the city gets its funding from Congress.   The normal city funding model of using Property Taxes can’t work in D.C. because so much of the real estate is owned by the Federal Government and cities and states are not allowed to tax the Federal Government.

The District sent its paramedics off to be evaluated to see how evaluate there ability to perform life saving tasks were.   Only three of 95 paramedics tested had passing scores for entry level paramedics. 

What has been the ciy’s reaction?  They threatened to take legal action against the Washington Times for disclosing the results of the testing.

Welcome to your new heath care system, America.

Health Insurance Stocks being hit hard

Monday, February 23rd, 2009

On second review, the reason for the drop today is a sector wide drop of 10%+ in the health care insurance stocks.

Humana, Healthspring, United Health, Coventry Health Plan, Wellcare Health plan, …

Ford announced a deal with the UAW over retired health care coverage.  There is also a blurb about TARP funds being pushed into Medicaid, or maybe something is happening behind the scenes regarding universal health care….

*** Update ***
And the answer is – the Obama adminstration has found a place to cut spending – Medicare!.   Expect the media to howl about President Obama wanting to kill all the old people…   what’s that silence?…  Hello?….  Anyone there?….