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60% of US Bankruptcies Due To Medical Bills, While 78% Of Those Bankruptcies HAVE Insurance Coveragesilvervigilante.com 1.5 millions US citizens will declare bankruptcy, and a new study suggests that over 60 percent of those individuals will be brought under due to medical bills. Medical bill bankruptcies increased by nearly 50 percent in a six-year period, from 46 percent in 2001 on up to 62 percent in 2007. Most filers hailed from the middle class, and were “well-educated homeowners,” according to a report that will be published in the [...] By Tyler Durden It is a well-known fact that nobody in Congress ever reads, or even skims, any law, and especially not the fine print, it passes until long after it has been enacted into law. It appears the same is just as true for the biggest pillar of support for the Obama administration: America’s labor unions, whose liberal vote every election is instrumental to preserving the outflow side of America’s [...] By Ron Paul: Hurricane Sandy was one of the worst natural disasters the east coast has ever seen. Clean-up and recovery will take months, if not years and estimates run in the tens of billions of dollars. Parts of New York and New Jersey will never be the same. Entire seashore communities have been wiped out, but the determination to rebuild has been lauded as courageous and admirable. Yet as with all [...] Paul Craig Roberts In the guest section there is a new contribution by Dr. Robert S. Dotson. He points out that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and Romney that their replacements for Medicare will save money and improve care. What the schemes do is convert public monies into private profits. The exploding costs [...] WASHINGTON — Millions of poor people could still be left without medical insurance under the national health care law if states take an option granted by the Supreme Court and decide not to expand theirMedicaid programs, state officials and health policy experts said Friday. Republican officials in more than a half-dozen states said they opposed expanding Medicaid or had serious doubts about it, even though the federal government would pick up all the costs in the [...] by Charles Hugh Smith from Of Two Minds America’s Hidden 8% Tax: Sickcare The bloated, inefficient sickcare (“healthcare”) system in the U.S. is in effect an unofficial tax on the entire economy. You may think only European countries have VAT (value-added taxes), but America has one, too–it’s just hidden in the sprawling “healthcare” system, i.e. sickcare. A value-added tax (VAT) is a broad-based consumption tax designed to raise tax revenues from across the entire economy. Since it’s [...] Typical distortions. http://tpmdc.talkingpointsmemo.com/2…ref=fpnewsfeed SAHIL KAPUR MARCH 15, 2012, 2:09 PM 3804 31 N.C. Aizenman Most church-affiliated organizations will be required to offer their workers coverage of birth control as part of their health plans, the Obama administration announced Friday, but they can get more time than other employers to comply. The decision came as a bitter disappointment to organizations ranging from the U.S. Conference of Catholic Bishops to the National Association of Evangelicals, which had lobbied hard for a broad exemption [...] http://www.dailykos.com/ Turns out, it’s not just a one-year trend. Despite competition and choice in the private insurance system, Medicare spending has grown more slowly than private insurance premiums [...] http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html “…Today’s health insurance policies — with high deductibles, co-pays, and many exclusions — offer little protection during a serious illness. Uncovered medical bills averaged $13,460 for those with private insurance at the start of their illness. People with cancer had average medical debts of $35,878. “The paradox is that the costliest health system in the world performs so poorly. We waste one-third of [...] Medical disasters cause over 60% of personal bankruptcies.. http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html “…Today’s health insurance policies — with high deductibles, co-pays, and many exclusions — offer little protection during a serious illness. Uncovered medical bills averaged $13,460 for those with private insurance at the start of their illness. People with cancer had average medical debts of $35,878. “The paradox is that the costliest health system in the world [...] The administration says the survey will address a “critical public policy problem”: the increasing shortage of primary care doctors, including specialists in internal medicine and family practice. It will also try to discover whether doctors are accepting patients with private insurance while turning away those in government health programs that pay lower reimbursement rates. Federal officials predict that more than 30 million Americans will gain [...] Republicans may have passed a plan to end Medicare and replace it with vouchers for private insurance, but apparently they don’t want their political opponents to be able to tell anybody about it: The battle over whether it’s true that the Republican plan would “end Medicare” is about to play out in a critical way in New Hampshire. The National Republican Congressional Committee, which oversees House races for [...] by OldTulsan http://www.newscientist.com/article/dn14986-worlds-largest-health-system-rejects-free-market.html “Free-market economic reforms rolled out across the Chinese health system in 1978 have led to a collapse in healthcare provision for a fifth of the world’s population, researchers have concluded. The Chinese government, recognising the disparities in access to healthcare between the urban rich and rural poor, is planning to overhaul the world’s largest health [...] WASHINGTON – Millions of seniors in popular private insurance plans offered through Medicare will be getting a reprieve from some of the most controversial cuts in President Barack Obama’s health care law. In a policy shift critics see as political, the Health and Human Services department has decided to award quality bonuses to hundreds of Medicare Advantage plans rated merely average. The $6.7 billion infusion could head off service cuts that would [...] via CBS News: (CNSNews.com) – House Budget Committee Chairman Congressman Paul Ryan (R-Wisc.) said President Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road.” Whereas the House Republicans’ FY2012 budget, said Ryan, saves Medicare and helps the United States avoid a debt crisis. “It all comes down to this: Either you fix this problem now where we, [...] |
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