Daniel O’Day, Chairman & CEO, Gilead Sciences, recently sent an open letter to the American Public, indicating why its U.S. Patented drug Remdesivir to treat the coronavirus will be a company $$ bonanza with its new pricing. Because of the way the U.S. system is set up and the discounts that government healthcare programs expect, … Continue reading Gilead coronavirus drug is $3,100. We can’t purchase India’s generic for 1/4 the price!
Under Medicare Part B, America's seniors are entitled to drugs administered in the hospital, but they are responsible for 20% of the cost. That sounds reasonable, and Medicare officials say they carefully scrutinize drugs before approval. But I have yet to discover a list of unapproved drugs. It appears that if the FDA says it … Continue reading Pegaspargase – an example of how we don’t control drug costs
The corporate exec was sincere when he explained to me why he didn't pay most of his workers a wage higher than $14.25 an hour: That rate keeps them under $30,000, and that's about the cutoff for Medicaid and many other public assistance programs for a family of three. Without Medicaid they would have to … Continue reading Young couple (drive two Ferraris and own a $700,000 home) charged $21 for 3-day hospital stay. Average senior pays $1,364.
“As long as I’m president, no one will lay a hand on your Medicare benefits,” President Donald Trump told the seniors at The Sharon L. Morse Performing Arts Center. He was celebrating the October, 2019 signing of his executive order to allegedly “protect and improve” the program. Most of the audience clapped, but some had … Continue reading Medicare destruction initiated by Trump, sounds like Paul Ryan. Mr. President feeds us “fake news” to enrich healthcare industry
Last year, Amazon revenues were $232,000,000,000 - the same total amount as all the combined 2018 budgets of the following U.S. federal departments: Small Business Administration, Environmental Protection Agency, Department of Commerce, Department of Labor, Treasury Department, Department of the Interior, Department of Transportation, Department of Agriculture, State Department, Department of Justice, Department of Energy, … Continue reading STEM grad still living at home? Amazon and the other tech giants save billions by hiring foreigners, thanks to an ICE ripoff.
Medicaid rules changed when President Barack Obama pushed through the Affordable Car Act (ACA) and he ensured that the very rich could join low-cost Medicaid, while the working class had to pay high medical expenses, either at work with private insurance or retired under Medicare. While I'm sure Jeff Bezos would never stoop his mightiness … Continue reading Jeff Bezos could go on Medicaid if he played it correctly, but the average working Jill can’t
What a difference a year makes. You are one of the millions of Americans, who don't have company health insurance. Damned with a pre-existing condition, you carry so-called Obamacare (www.healthcare.gov). Next year, you turn 65 and must enroll in Medicare. There's no good news, just bad news for you. Obamacare is a far better plan … Continue reading You turn 65 and then you must go into a Medicare plan, and you pay a fortune more for far fewer benefits
Their employers did not pay the company share (6.2%) for FICA (Social Security) or Medicare tax (1.45%). Their bosses didn't even withhold income taxes...