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  • Blue Cross/Blue Shield of Massachusetts reports $57.6 million profit for the 3rd quarter

    Health Insurance companies despite the downturned economy are still showing major profits and as stated below maintaining some pretty large “reserve” funds, money that basically just sits there and collects interest, which is some pretty large dollar amounts and the related reading below will give some...
    Posted to The Medical Quack .... by Barbara Duck on 11-15-2008
    Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, Blue Cross, bankruptcy, Desperate Hospitals, Blue Shield, Venture Capital, Reserve Funds, Profits, Bank
  • 2008 Rankings For America's Best Health Plans Released - Nearly 700 Health Plans Evaluated

    Only one listed here in California, Kaiser Permanente under top 5 Medicare plans, and most I noticed were located in the northeast portion of the US.  In California we are looking at even more healthcare budget cuts and a potential sales tax hike. “The proposed health cuts would mean hundreds of...
    Posted to The Medical Quack .... by Barbara Duck on 11-07-2008
    Filed under: Medically Related, Insurance, healthcare, health insurance, insurers, Rankings, California Health Care, Medical Plans, Best Health Plans
  • Aetna and Costco create yet another prescription program

    One more program to confuse us when needing a prescription, although I’m sure there is money to be saved here, but shoot I like the $4.00 or $10.00 generic prescriptions offered by others, no enrollment and no questions asked, simple.  For the monthly fee, you might need to be a patient with some...
    Posted to The Medical Quack .... by Barbara Duck on 11-06-2008
    Filed under: Medically Related, Insurance, Pharma/FDA News, Other Items of Interest, drugs, healthcare, health insurance, Prescriptions, Medicare Part D, Aetna, Pharmacy, Costco
  • Medical Quack on the Wall Street Journal – November 2008

    Two featured posts this week.  Court Blocks White House Push on Medicare Expenses   This particular statement really bothers me, is CMS now going to take on the role of “doctor here?   “The Bush administration argued that Medicare officials had the right to decide whether the expense incurred...
    Posted to The Medical Quack .... by Barbara Duck on 11-06-2008
    Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, medicare, health insurance, AARP, CMS, Medical Quack, Bush Administration, Risk Management, WSJ
  • Remote Monitoring Technologies Could Shave Health Care Costs By $197 Billion; Broadband-based Applications Can Improve Care For Chronic Disease

    Hospitals and doctors do not get paid until they provide a service, so monitoring a patient remotely has not been set up with the “codes” for payment as of yet, but who knows how this could change down the road if insurers begin to compensate physicians and hospitals to monitor patient activity electronically...
    Posted to The Medical Quack .... by Barbara Duck on 11-04-2008
    Filed under: Medically Related, Technology, Insurance, Microsoft/Windows News, healthcare, microsoft, health insurance, Medical Devices, PHR, Heart Disease, Blood Pressure, Diabetes, HealthVault, Risk Management, Big Brother, American Heart Association, personal heatlh records, Remote monitoring
  • E-Prescribing Reminder – Effective January 1, Medicare will pay 2% bonus to those who use a “Qualified” program or system

    A qualified system is not faxing!   Many offices who are set up with an EMR or EHR are already covered and are either set up and ready to go or have the capabilities.  For those who are not, there’s a permanent link on this page to NEPSI, the free e-prescribing initiative where you can sign...
    Posted to The Medical Quack .... by Barbara Duck on 10-31-2008
    Filed under: Medically Related, Technology, Insurance, Pharma/FDA News, drugs, healthcare, medicare, health insurance, Physicians, Prescriptions, e-prescribing
  • Will Greed lead to Meltdown of the Health System?

    Where does the greed lie perhaps might be the question.  Today it takes a lot of money to create a new drug and as we have seen from the new approach from the FDA, more information and documentation is required. Investors want a return on some of the biotech research that has not quite matured yet...
    Posted to The Medical Quack .... by Barbara Duck on 10-26-2008
    Filed under: Medically Related, Insurance, My Commentaries, healthcare, health insurance, Physicians, HMO, Hospitals, Fraud, NIH, Whistle Blower, Beware of Geeks Bearing Formulas, Greed
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