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
Hopefully the new President and cabinet will offer some relief in this areas. 50% of the hospitals in the US already are either bordering on insolvency or getting very close. In the related reading below there is an entire series on Desperate Hospitals that describe how many are coping and...
Posted to
The Medical Quack .... by Barbara Duck
on 11-12-2008
Filed under: Medically Related, Insurance, healthcare, Budget Cuts, Hospitals, Medicaid, Desperate Hospitals, outpatient services
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
Why are the uninsured not the cause, because they can’t afford to be there for the most part and many hospitals do not take the same amount of charity cases as do others. Recently in Atlanta, the new Grady hospital CEO challenged other hospitals in the area to stop sending all charity cases to...
I don’t know of one doctor or hospital that is not writing off balances of what the insurance companies are not paying. On top of that it is one administrative nightmare, medical assistants can’t get the time in the consultation rooms with the doctors as they are tied up on administrative functions...
Posted to
The Medical Quack .... by Barbara Duck
on 10-23-2008
Filed under: Medically Related, Insurance, Pharma/FDA News, healthcare, health insurance, Claims, Hospitals, bankruptcy, Balance Billing, Patients, Sicko
From the Wall Street Journal Health Videos, which now has a reference on this site. This story examines what is happening to people when hospitals close, where do they go. In this story the hospital is closed by the company and they are building a new hospital, in another more affluent area...
Posted to
The Medical Quack .... by Barbara Duck
on 10-17-2008
Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, Hospitals, Insolvency, Closing hospitals, Ascension Healthcare, elderly, Poor
We still live in a risk management world, one where the Department of Managed Care is shadowed by the power of the insurance companies; laws and regulations just seem to make everyone miserable these days. No matter how you look at it, all the problems these days come from one source, lack of payment...
Posted to
The Medical Quack .... by Barbara Duck
on 10-16-2008
Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, bankruptcy, Balance Billing, Department of Managed Care