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in america the second largest and apparently they've been defrauded defrauding the government medicare medicaid and basically admitting patients who didn't need to be admitted but because they were on government subsidized health care medicare medicaid they put the men in charge of government well what's more they're being investigated by the department of justice but wall street didn't react their shares didn't do anything well when h m a an ounce the justice department involvement in the lawsuits investors and analysts shrugged and the stocks for both companies involved in the merger barely budged shell are skolnick who follows health care for c.r.t. capital recently wrote in a note to investors quote investors seem to think that d.o.j. investigations suits and allegations of serious medicare fraud are simply a cost of doing business many settlements run only into the tens of millions that's a corporate slap on the wrist for companies who stocks typically soar when executives push the profit on the lope only if the penalty is at least five hundred million dollars she said are corporations lik
in america the second largest and apparently they've been defrauded defrauding the government medicare medicaid and basically admitting patients who didn't need to be admitted but because they were on government subsidized health care medicare medicaid they put the men in charge of government well what's more they're being investigated by the department of justice but wall street didn't react their shares didn't do anything well when h m a an ounce the justice department involvement in the...
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Feb 17, 2014
02/14
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derive a significant amount of their revenues from these sources and heavily reimbursed by medicare and medicaid and federal grants and research to put them in there by 50%. that number has gone up again because medicare pays for them and the downside is that we have the way we pay for them, we have discouraged the primary care and would reimburse people under medicare much more generously the surgical and nonsurgical specials are double that. so i look at how that scale developed and how it has revised controlled by the ama, which is heavily sad with specialists. so what would the medical profession look like with the government? we probably have more primary care and fewer specialists and lower salaries. finally private health insurance as the cbo pointed out. we subsidize it heavily with attacks rate for the insurance you get through an employer. this figure i find astounding. if you look at the upper right hand corner that number is up 35.4 and that is a percent of all the premiums paid in the country from employer-based insurance represented by the tax breaks and tax subsidies. 35% means mo
derive a significant amount of their revenues from these sources and heavily reimbursed by medicare and medicaid and federal grants and research to put them in there by 50%. that number has gone up again because medicare pays for them and the downside is that we have the way we pay for them, we have discouraged the primary care and would reimburse people under medicare much more generously the surgical and nonsurgical specials are double that. so i look at how that scale developed and how it...
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Feb 20, 2014
02/14
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david: centers for medicare & medicaid services set to release preliminary medicare advantage paymentow with final rates expected in april of this year. liz: rich edson back with us live from d.c. with some ever the numbers. rich? >> well, liz and david, this means billions of dollars to private insurance companies like aetna, unitedhealth and who imagine that. -- humana. they can select the private plans instead of medicare and government reimburses the insurance companies. the payment rates are at issue because obamacare requires government to cut hundreds of million of dollars from medicare advantage and spends it on insurance subsidies. insurance companies embrace for cuts in government reimbursements 6 or 7%. lawmakers are asking the administration hold back on implementing the full cuts. insurance companies pushing back for valuable voting bloc. ahip, insurance lobby, seniors and people enrolled in medicare advantage plans could see benefit reductions and people one increases of 75 to $135 per month or 420 to $900 next year if medicare advantage payments are reduced 6% in 2015.
david: centers for medicare & medicaid services set to release preliminary medicare advantage paymentow with final rates expected in april of this year. liz: rich edson back with us live from d.c. with some ever the numbers. rich? >> well, liz and david, this means billions of dollars to private insurance companies like aetna, unitedhealth and who imagine that. -- humana. they can select the private plans instead of medicare and government reimburses the insurance companies. the...
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Feb 25, 2014
02/14
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> for the people who put together the boards, you didn't put the fact that social security, medicare, medicaid, which is about 90% of the budget. >> those screens are accurate. >> why don't you say what they are? they're not a bunch of hand outs to welfare people. >> even if we gutted the entire military, we would be over a trillion dollars in debt. >> that would be a good start. >> we have to move on. and we'll talk about why, i do believe the president is trying to gut the department of defense, coming up, so he can get something in exchange with republicans, but this in from the department of gibberish. samantha power tweeted this over the weekend. very strange. she tweeted out, daniel pearl's story is a reminder that individual accountability and reconciliation are required to break cycles of siviolence. she's the u.n. ambassador. dana, what was she trying to say there? >> last night, when i tweeted one of my favorite sayings in pr is if you're explaining, you're losing. what i was talking about is her twitter situation. the daniel pearl story is one of atrocious violence against an innoce
> for the people who put together the boards, you didn't put the fact that social security, medicare, medicaid, which is about 90% of the budget. >> those screens are accurate. >> why don't you say what they are? they're not a bunch of hand outs to welfare people. >> even if we gutted the entire military, we would be over a trillion dollars in debt. >> that would be a good start. >> we have to move on. and we'll talk about why, i do believe the president is...
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Feb 23, 2014
02/14
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the people in north carolina to appreciate what they mondaysng to do on the to focus on medicare, medicaid, and school funding for public education. the plethora of issues out there the lives of north carolinians every day. >> one of the things that i noticed last week was that around a table for the summer rights organizations i noticed that there were a majority led by women. >> of course. >> it didn't used to be like that. in the past the majority of the civil rights organizations were led by men. when did that change? you are leading the naacp as their interim or. when will we see a person brought and permanently, and are you throwing your name into that had? t? >> i am not. our selection committee hopes to have a name to offer the meeting.board at our -- if this were 10 years ago, i probably would have been interested. i retired as the clerk of the 2011, and i'm the commercial realtor, and i would go back to my real estate business. i am trying to bring retail to underserved communities. trying to work in my own neighborhood in fort worth. let's go to the women. part of what i believe
the people in north carolina to appreciate what they mondaysng to do on the to focus on medicare, medicaid, and school funding for public education. the plethora of issues out there the lives of north carolinians every day. >> one of the things that i noticed last week was that around a table for the summer rights organizations i noticed that there were a majority led by women. >> of course. >> it didn't used to be like that. in the past the majority of the civil rights...
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Feb 22, 2014
02/14
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the big programs that they have social security, medicare, medicaid are filled with fraud and overbudget. then you have other things where they waste money like amtrak, which loses money every day. they can't even make money with a virtual monopoly in the u.s. postal service. big projects by the government are inherently loaded with pork and bloat and a high government pensions. they just don't work. so if i give a dollar to the government, it comes back to me in the form of about 80 cents or. so add that to the statistics that john gave us running up a debt that we can't pay. my gosh, we will be spending $8 billion a year on interest payments alone. this madness has to stop. it's a pox on both parties. >> that's true. both aisles are definitely at fault here. tracy what do you think? >> to gary's point, maybe an initiative that has worked, bren dark, right? help for homeowners, not so much. cash for clunkers, find me a shovel-ready project that was shovel-ready or completed. nothing is working that they've done. so why not let corporate america finally take the reigns, themself, do this
the big programs that they have social security, medicare, medicaid are filled with fraud and overbudget. then you have other things where they waste money like amtrak, which loses money every day. they can't even make money with a virtual monopoly in the u.s. postal service. big projects by the government are inherently loaded with pork and bloat and a high government pensions. they just don't work. so if i give a dollar to the government, it comes back to me in the form of about 80 cents or....
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Feb 5, 2014
02/14
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the labor force that the cbo believes simply because they can get health insurance through medicare, medicaidome other way. there's this realization by people and by government estimates that, you know, a good chunk of people now are going to simply stop looking for work because they realize now that they can have health care insurance. over the long term it looks as if about 89% of the country will eventually have health care insurance. that's in about the next 10 to 15 years. that's on par with the goal of the law. while they won't hit the 7 million goal in march, remember, they wanted to have 7 million people enrolled, they'll hit about 6 million. in the coming years they'll have 24 million people enrolled by 2017. that's basically on par with where the government wanted to be. >> regardless though, you know the cbo number is out there. how did democrats get around this knowing that it may very well cause problems in 2016? >> it's going to cause a lot of problems. what this does is basically validate the concerns that republicans have been raising for months. we tried asking a few democrat
the labor force that the cbo believes simply because they can get health insurance through medicare, medicaidome other way. there's this realization by people and by government estimates that, you know, a good chunk of people now are going to simply stop looking for work because they realize now that they can have health care insurance. over the long term it looks as if about 89% of the country will eventually have health care insurance. that's in about the next 10 to 15 years. that's on par...
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Feb 1, 2014
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host: do you accept medicare and medicaid patients? guest: absolutely. more than 50% of our patients are medicare or medicaid patients. i merrily medicare. close to 60% of the work we do is in this population of patients. dependent -- i do not know if that is the right word but i will use it -- how dependent is the u.s. health care system on the federal government and moneys from medicare and medicaid and other sources? medicare represents about 23% of the $2.4 trillion spent every year in health care in the country. medicaid is another 15%. i think the latest figures i have seen are about 39% of the $2.4 trillion is medicare and medicaid. it is a major component of the health care spend. host: how would you describe the relationship between the male cat when i and the federal government -- mail -- mayo clinic and the federal government? guest: we have had a long relationship with the federal government, working closely with them to advise them on policy and regulation and sharing our model. we believe our model of coordinated care, focused on the patient
host: do you accept medicare and medicaid patients? guest: absolutely. more than 50% of our patients are medicare or medicaid patients. i merrily medicare. close to 60% of the work we do is in this population of patients. dependent -- i do not know if that is the right word but i will use it -- how dependent is the u.s. health care system on the federal government and moneys from medicare and medicaid and other sources? medicare represents about 23% of the $2.4 trillion spent every year in...
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claus it's always been the party that gives you stuff like santa clause that's right namely medicare medicaid social security forty hour work week the right deionized free public schools and start going stamp school watches the list goes on acting like santa clause is actually the right thing for a general for the for the for the general welfare of we the people and fulfilling the general welfare is a requirement of government at least according to the constitution but acting like santa claus isn't just the right thing to do it's also how politics are supposed to work in a democratic republic give people giving people what they want and what they need made the democratic party successful instruction after election the twentieth century it won franklin roosevelt for terms in office one lyndon johnson is massive victory in the sixty four presidential race and it kept republicans out of power in the house of representatives one hundred fifty five until nine hundred ninety five as long as the democratic party actually like santa claus it will win elections because republicans with their core oppo
claus it's always been the party that gives you stuff like santa clause that's right namely medicare medicaid social security forty hour work week the right deionized free public schools and start going stamp school watches the list goes on acting like santa clause is actually the right thing for a general for the for the for the general welfare of we the people and fulfilling the general welfare is a requirement of government at least according to the constitution but acting like santa claus...
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Feb 1, 2014
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more than 50% of our patients are medicare or medicaid patients. primarily medicare.and close to 60% of the work we do is in this population of patients. host: how dependent -- i don't know if that's the right word. but i'm going to use it. u.s. pendent is the health care on the federal government? guest: well, medicare represents about 23% of the 2.4 trillion spent every year in health care in the country. medicaid is about another 16%. so i think the latest figures ve seen are about 39% of the $2.4 trillion is medicare and medicaid. so it's a major component. host: how would you describe the relationship between the mayo clinic and the federal government, the medicare and medicaid portions? host: we've had a long rehaitian lp with the federal government -- relationship with the federal government, many, many decades working delosely with them to advise them on policy and regulation and sharing our model. we believe our model of coordinated care we believe our model of coordinated care, focused on the patient, provides better efficiency, safer care, better outcomes,
more than 50% of our patients are medicare or medicaid patients. primarily medicare.and close to 60% of the work we do is in this population of patients. host: how dependent -- i don't know if that's the right word. but i'm going to use it. u.s. pendent is the health care on the federal government? guest: well, medicare represents about 23% of the 2.4 trillion spent every year in health care in the country. medicaid is about another 16%. so i think the latest figures ve seen are about 39% of...
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Feb 25, 2014
02/14
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>> the slowdown in health care costs in the past several years has been very pervasive in medicare and medicaid, the private health insurance arena. along report last year documenting that within medicare it was very pervasive. you can see the payments for hospital services, physician services, payments for prescription drugs. you could see it in regions of the country, health care costs and lower health care costs. you can see it in the cost of patients who have high costs and patients who have low costs. a very thorough phenomenon. there has been some work outside of cbo on how much of the national health care spending in be attributed to the weak economy and how much is left to other factors. the range of estimates. our analysis of medicare we could not find a role for the weakness in the economy or the loss of assets. in our report we quantify number of factors that play some role but end up with an untraceable amount in the weak economy or other factors that we can quantify. we think and talk at length in this report in a qualitative sense of the structural changes in health care in this c
>> the slowdown in health care costs in the past several years has been very pervasive in medicare and medicaid, the private health insurance arena. along report last year documenting that within medicare it was very pervasive. you can see the payments for hospital services, physician services, payments for prescription drugs. you could see it in regions of the country, health care costs and lower health care costs. you can see it in the cost of patients who have high costs and patients...
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Feb 26, 2014
02/14
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remember this, by the year 2025, every cent of federal tax revenue will go to medicare, medicaid, social security. that insolvency statement is looming on the horizon and it is driven by demographics. the good news, we live longer, the bad news, we live longer. to attack the saving side, the investment and the lending side to help pay makes no sense. they are creating jobs and opportunity. >> thank you for joining us, frank keating. the president and chief executive of the american bankers association. i will tell you why apple is still the world's top brand. >> can the blackberry brand make a comeback? we're are joined by that technology analyst for bgc partners. we are joined by the global chief executive of interbrand, jez frampton. they work in every industry including automotive, beauty care, inking. oft is the brand value blackberry. very?bout the brand >> there has been discussion about applying the multiple to the messaging portion of blackberry. the connotations associated with blackberry is one of a company that are struggling to turn themselves around and to find their niche.
remember this, by the year 2025, every cent of federal tax revenue will go to medicare, medicaid, social security. that insolvency statement is looming on the horizon and it is driven by demographics. the good news, we live longer, the bad news, we live longer. to attack the saving side, the investment and the lending side to help pay makes no sense. they are creating jobs and opportunity. >> thank you for joining us, frank keating. the president and chief executive of the american...
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Feb 6, 2014
02/14
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cost of medical care going up generally and how that's affecting the various medical programs medicare and medicaidnd etc.. you're projecting the cost of medicare going up i'm trying to balance that against the argument that obamacare is reducing the cost curve. >> congressman there has been a very pronounced slowdown in the rate of growth of health care cost per person in both federal programs in the private sector over the past few years and more and we have taken significant lesson from that and low word our projections for the federal programs going forward. but we have not lowered them so much as to have no more growth left. that would be an extraordinary turn of events. what role the affordable care act is played in the slowing of health care costs is quite unclear channels at this point. >> you are basically saying there are conditions out there before obamacare that increase health care costs and you expect those conditions independent of government action to continue to some degree? >> exactly, not at the rate we thought before but as a positive rate. >> that gets to be aging of the popula
cost of medical care going up generally and how that's affecting the various medical programs medicare and medicaidnd etc.. you're projecting the cost of medicare going up i'm trying to balance that against the argument that obamacare is reducing the cost curve. >> congressman there has been a very pronounced slowdown in the rate of growth of health care cost per person in both federal programs in the private sector over the past few years and more and we have taken significant lesson...
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Feb 25, 2014
02/14
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the report is from the nonpartisan centers for medicare medicaid services.igher premiums will effect 11 million americans. only 6 million americans will see lower costs. house speaker john boehner put out this response last night. for all of the promises of lower costs for small businesses the administration now admits far more of these workers will pay higher rather than lower premiums under the law. kathleen sebelius is standing by obamacare. >> there is no evidence and every economist will tell you this there is any job lost related to the affordable care act. >> that is drawing a lot of chris sichl. they cut from home healthcare funds cut deep enough to force companies to have to layoff workers. 500,000 healthcare workers jobs in jeopardy. >> this brings us to our look who is talking. the former speech writer says president obama is lying about obamacare. >> how many times is he going to lie to us about obamacare. it is untrue. he is making stuff up in order to make the laws. there is no good news about obamacare. he has to say something. the problem is
the report is from the nonpartisan centers for medicare medicaid services.igher premiums will effect 11 million americans. only 6 million americans will see lower costs. house speaker john boehner put out this response last night. for all of the promises of lower costs for small businesses the administration now admits far more of these workers will pay higher rather than lower premiums under the law. kathleen sebelius is standing by obamacare. >> there is no evidence and every economist...
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Feb 25, 2014
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jon: republicans making hay of the new report coming out from cms, center for medicare & medicaid services. roughly 11 million employees of small business will supreme premiums spike because of obamacare. the good news six million will supreme premiums drop. >> right. jon: but two out of three are seeing an increase. >> that is going to be the problem. obamacare will have winners, no doubt about it. people that didn't have coverage will have coverage. but people will be paying a lot more. the political problem in this election year the losers are always louder than the winners. this is also runs contrary to what were promised when obamacare was struggling to get the votes on capitol hill. there were a lost promises made you look back at now, really haven't born out to be true. jon: the law requires that you can not discriminate based on age. so the young people who are, you know, healthy and don't need the kind of health care services are going to be paying higher premiums to support the older folks, right? >> that is going to be the real difficult challenge for the administration. if they
jon: republicans making hay of the new report coming out from cms, center for medicare & medicaid services. roughly 11 million employees of small business will supreme premiums spike because of obamacare. the good news six million will supreme premiums drop. >> right. jon: but two out of three are seeing an increase. >> that is going to be the problem. obamacare will have winners, no doubt about it. people that didn't have coverage will have coverage. but people will be paying a...
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Feb 25, 2014
02/14
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it actually weakened existing programs like medicare and medicaid, and for people who don't deal with these programs on a day in and day out basis, of course, medicare is for seniors, for health care for seniors, medicaid is a separate program which is shared by the states and the federal government to provide the safety net health care program for low-income texans in my state. but because of the massive new burdens that obamacare is placing on the health care safety net, which is already failing the neediest members in society, the share of physicians accepting new medicaid patients in texas has fallen from 67% in 2000 to only 32% in 2012. so in 2000 it was 67% of physicians would accept the new medicaid patient, and today it's roughly a third, one out of every three. of course, the reason for that is the federal government continues to pay less and less, now i think it's roughly 50 cents on the dollar compared to private insurance, to a physician who treats a medicaid patient. so we know that many texas physicians including a majority of established primary care physicians aren't a
it actually weakened existing programs like medicare and medicaid, and for people who don't deal with these programs on a day in and day out basis, of course, medicare is for seniors, for health care for seniors, medicaid is a separate program which is shared by the states and the federal government to provide the safety net health care program for low-income texans in my state. but because of the massive new burdens that obamacare is placing on the health care safety net, which is already...
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Feb 25, 2014
02/14
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. >> the cbo report finds mandatory spending which includes social security, medicare, medicaid, ands projected to raise $85 billion or 4% to $2.1 trillion this year. interest on the debt is worse. projected to increase 14% per year, almost quadrupling in dollar terms between 2014 and 2024. >> we're going to be spending more in interest in a couple years than we do on our national defense. >> the obama administration acknowledges the cuts are controversial but are done with a specific intention. >> in order to sustain our readiness and technological superiority and special operations forces and cyb cyber resources. >> democrats also maintain the military needs to be smaller with a drawdown from two wars. >> we do not need, i don't think, for the defense of our country to be able to have a defense doctrine that is cause for fighting two land wars at the same time. >> the price is going to be paid for this. whether it's in the middle east, whether it's in the pacific, whether it's in europe. >> house republicans may have someloveerage over the cuts. they can appropriate money for defen
. >> the cbo report finds mandatory spending which includes social security, medicare, medicaid, ands projected to raise $85 billion or 4% to $2.1 trillion this year. interest on the debt is worse. projected to increase 14% per year, almost quadrupling in dollar terms between 2014 and 2024. >> we're going to be spending more in interest in a couple years than we do on our national defense. >> the obama administration acknowledges the cuts are controversial but are done with a...
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Feb 5, 2014
02/14
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growth in spending for social security, medicare and medicaid above all else. by aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm, hurting economic growth, hurting job growth and it continues to do so to this day, this refusal to take action on investment and infrastructure and the foundations of our national economy in many areas. there has been a lot of talk about the report and what you said about the affordable care act. i want to go through a couple things. you found the premiums offered in the exchange would actually be going down 15% compared to your earlier projection. >> for 2014. >> on page 125 you point out there is, quote, no compelling evidence that part-time employment has increased as a result of t
growth in spending for social security, medicare and medicaid above all else. by aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm,...
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Feb 6, 2014
02/14
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growth in spending for social security, medicare and medicaid above all else.y aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm, hurting economic growth, hurting job growth and it continues to do so to this day, this refusal to take action on investment and infrastructure and the foundations of our national economy in many areas. there has been a lot of talk about the report and what you said about the affordable care act. i want to go through a couple things. you found the premiums offered in the exchange would actually be going down 15% compared to your earlier projection. >> for 2014. >> on page 125 you point out there is, quote, no compelling evidence that part-time employment has increased as a result of the
growth in spending for social security, medicare and medicaid above all else.y aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm,...
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Feb 26, 2014
02/14
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KDTV
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. >>> el reporte presentado al congreso por el centro de medicare y medicaid, proyecta cuÁnto pagaran de la reforma, como john boehner, ven al reporte como una validaciÓn de lo que dijeron que la ley de salud es mala para la economÍa. >>> este estimado estÁ abierto a mÁs interpretaciones. >>> otros no creen que cifras cuenten la historia. >>> lo mÁs importante aquÍ, es que el estimado no incluye subsidios a pequeÑas empresas que bajarÁn el costo final, hay subsidios para pequeÑas empresas, si los incluimos, las cifras cambian. >>> los requisitos de la ley de salud tienen nerviosos a los empresarios. >>> es un gasto grande, la verdad, pero tambiÉn es bien para el empleadÓ, pues, quÉ bien. entonces vamos a conforme a la ley. >>> el reporte da una idea de los costos, y la posibilidad que suban, no los tranquiliza. >>> en realidad, independientemente de la reforma de salud, para millones los aumentos no son nuevos, la agencia nacional de pequeÑos negocios dijo que aÑo tras aÑo por Últimos 5 aÑos, la cobertura medica aumentÓ para el 96% de pequeÑas empresas. >>> los estimados indican que p
. >>> el reporte presentado al congreso por el centro de medicare y medicaid, proyecta cuÁnto pagaran de la reforma, como john boehner, ven al reporte como una validaciÓn de lo que dijeron que la ley de salud es mala para la economÍa. >>> este estimado estÁ abierto a mÁs interpretaciones. >>> otros no creen que cifras cuenten la historia. >>> lo mÁs importante aquÍ, es que el estimado no incluye subsidios a pequeÑas empresas que bajarÁn el costo...
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Feb 25, 2014
02/14
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it has been in medicare and medicaid and the private health insurance arena. we heard a long report last year documenting that medicare is very pervasive. you can see this in payments for hospital services and payments for physician services, payments for prescription drugs. you can see it in regions of the country that tend to have high health care costs and countries that have low health care costs. you can see it of patients who have low costs so as to arrow phenomenon. there has been some work outside the cbo and how much to us the slowdown can be a chair reduced to a weak economy and how much is left for other fact there's in the range of estimates and the only analysis of medicare we cannot find a role for the weakness in the economy although loss of assets and asset value in americans. we quantify a number of factors that played some role but end up with a large amount of the slowdown that is not traceable in the ways to the weak economy are the factors that we can quantify. we think and we talked at some length in this rep board for in a qualitative sen
it has been in medicare and medicaid and the private health insurance arena. we heard a long report last year documenting that medicare is very pervasive. you can see this in payments for hospital services and payments for physician services, payments for prescription drugs. you can see it in regions of the country that tend to have high health care costs and countries that have low health care costs. you can see it of patients who have low costs so as to arrow phenomenon. there has been some...
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Feb 28, 2014
02/14
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FBC
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we have social network, the internets, people get medicare, medicaid, they won't be impoverished.re is wealth that will keep the economy from falling into a deep depressions. that demographic trends, older and pull money out of the market, those old people have a lot of wealth today and will keep spending and don't need jobs in their 60s and 70s, that will prevent a 20% or 30% correction. >> we are not saying people could pull money out of the market but stop spending when their kids leave the nest. you don't understand the demographic argument. >> the story people have been saying that all these developed economies will come crashing down when all the aging people is going to bring them down because none of the people are working is nonsense. cheryl: is that why you are predicting saying that we will see this move to 5500? or because of something else? >> demographics get worse. we predicted this 20 years ago, japan went off the same demographic cliff. nobody saw it going. demographic trends are going to get worse that stocks are overvalued. liz: we have to do this another time.
we have social network, the internets, people get medicare, medicaid, they won't be impoverished.re is wealth that will keep the economy from falling into a deep depressions. that demographic trends, older and pull money out of the market, those old people have a lot of wealth today and will keep spending and don't need jobs in their 60s and 70s, that will prevent a 20% or 30% correction. >> we are not saying people could pull money out of the market but stop spending when their kids...
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Feb 28, 2014
02/14
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CNNW
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unless the country does something about the long-term entitlement spending, social security, medicare, medicaid where the real money is. >> that's right. you know, we've known for some time now that we are going to need a budget that both increases tax revenue in some smart ways, but also lowers entitlement spending and really reforms entitlement. that is an issue that we haven't grappled with yet. and we are going to absolutely have to do that longer-term. one thing that's been very hopeful in the latest gdp numbers is the business spending is up a little bit, even though the fourth quarter number was revised down, business spending was up. in order to keep business spending going up, you need to give a sense of certainty about entitlement reform. >> rona, thanks very much for joining us. >> thank you. >>> cities across america could soon turn to a new generation of surveillance camera in a bid to reduce crime. the cameras developed by an ohio company can track an entire city at one time from nearly two miles in the sky. brian todd joining us back from ohio, saw this surveillance system. how d
unless the country does something about the long-term entitlement spending, social security, medicare, medicaid where the real money is. >> that's right. you know, we've known for some time now that we are going to need a budget that both increases tax revenue in some smart ways, but also lowers entitlement spending and really reforms entitlement. that is an issue that we haven't grappled with yet. and we are going to absolutely have to do that longer-term. one thing that's been very...
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Feb 8, 2014
02/14
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growth in spending for social security, medicare and medicaid above all else. by aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm, hurting economic growth, hurting job growth and it continues to do so to this day, this refusal to take action on investment and infrastructure and the foundations of our national economy in many areas. there has been a lot of talk about the report and what you said about the affordable care act. i want to go through a couple things. you found the premiums offered in the exchange would actually be going down 15% compared to your earlier projection. >> for 2014. >> on page 125 you point out there is, quote, no compelling evidence that part-time employment has increased as a result of t
growth in spending for social security, medicare and medicaid above all else. by aging the population, expansion of health insurance subsidies and rising cost of health care per person. >> thank you, mr. van hollen. >> thank you, mr. chairman. a quick comment on the fed. the federal reserve pointed out perfect that congress created a fiscal drag on the economy, made things worse than the fed made some accommodating actions but their message to congress was sequester is doing harm,...
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Feb 17, 2014
02/14
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medicare, medicaid, s-chip, and all the obamacare dollars back to the states, and says to them, you designour own system. we'll have to work that out in the process of it. for me, it's important for me to get it out early and to say to states, we do trust you to be able to make these decisions. states already do medicaid. a lot of people don't know that. medicaid is already run by the state. there's already a health care authority in every state. this would just give that state greater flexibility to take care of a larger group of people. and for anyone who says, the states can't do better than the federal government, i would point them to a website, i would point them to medicare fraud, i would point them to medical equipment fraud. you're telling me the federal government's doing a great job of this? i would say, let's let the states try. >> i think it's a brilliant idea, and especially i like it, because it's consistent with the tenth amendment that says if it's not in the constitution, then according to the constitution out of the bill of rights, it should be left with the states. and
medicare, medicaid, s-chip, and all the obamacare dollars back to the states, and says to them, you designour own system. we'll have to work that out in the process of it. for me, it's important for me to get it out early and to say to states, we do trust you to be able to make these decisions. states already do medicaid. a lot of people don't know that. medicaid is already run by the state. there's already a health care authority in every state. this would just give that state greater...
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Feb 7, 2014
02/14
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the category that includes medicare, medicaid and the subsidies through insurance exchanges require evenre under the current law. and the interest payment and the government are projected to grow rapidly because the return of interest rate. in a sharp contrast, the rest of the federal government's noninterest spending for the benefit program and the the department on the ones i just mentioned and for all other nondefense activities is projected to drop from 9.5% of gdp this year to 7.5% in 2024 under the current law. that would be the lowest percentage since 1940 which was the earliest here which comparable data had been reported. thus a sharp increase in share of the federal budget would go to the benefits from a few large programs and a shrinking share would go towards most of the rest of the government functions under the current law. the deficits recorded in recent years have substantially increased federal debt and the amount of debt relative to the size of the economy is high by historical standards. we estimate federal debt held by the public would equal 74% of gdp at the end of t
the category that includes medicare, medicaid and the subsidies through insurance exchanges require evenre under the current law. and the interest payment and the government are projected to grow rapidly because the return of interest rate. in a sharp contrast, the rest of the federal government's noninterest spending for the benefit program and the the department on the ones i just mentioned and for all other nondefense activities is projected to drop from 9.5% of gdp this year to 7.5% in 2024...
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Feb 26, 2014
02/14
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billion in 2013 from individuals and companies who continued to bilk the government out of medicare and medicaid costs. >>> apparently there is a gold rush in the hills. a lucky northern california couple has struck it rich after discovering $10 million worth of gold coins on their property. the two were walking their dog when they just stumbled upon six rusty metal cans holding the treasure. the coins are uncirculated kurnty from the 1800s and some are so rare they could fetch $1 million a piece. >> and it's literally a buried treasure story, walking along the road seeing a can full of gold coins. why doesn't it happen to you and me? pretty exciting for them, i would say. i don't know a lot about them, but i heard that they needed the money. >> they want to keep it anonymous. they don't want people to know about them because they want to ward off unwanted treasure hundredo hunters on their property. >>> let's get the latest in sports. good morning, francis. >> let's start this morning with raymond felton. who was freed on bail after his arrest on weapons charges including two felonies for a gun
billion in 2013 from individuals and companies who continued to bilk the government out of medicare and medicaid costs. >>> apparently there is a gold rush in the hills. a lucky northern california couple has struck it rich after discovering $10 million worth of gold coins on their property. the two were walking their dog when they just stumbled upon six rusty metal cans holding the treasure. the coins are uncirculated kurnty from the 1800s and some are so rare they could fetch $1...
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Feb 26, 2014
02/14
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billion in 2013 from individuals and companies who attempted to bilk the government out of medicare and medicaidclaims have been recovered in the last five years. >>> a new fox nus polls shows 61% of voters have no confidence in congress. 34% have some and 5% have a great deal of confidence. >>> what costs $1.2 million? it takes six months to build. then it goes, you know, 270 miles per hour? >> airplane? >> airplane, close, but maybe on the ground with wheels. this is the hennessy venom gt. it is the fastest production car in the world. the venom edged out the previous fastest car by a mere half a mile per hour. so with a longer runway, hennessy says its car will go even faster. so i don't know who these people are in the world who actually get a chance to drive these things, 1.2 million that buy one. >> you wouldn't do it? >> hennessy. >> you're not going for a ride in that? >> no, not in this reality of mine, that i call my life, thank you. >>> now a look ahead and a look back. hollywood comes to washington today. ben affleck has state department meetings talking about the congo and seth roga
billion in 2013 from individuals and companies who attempted to bilk the government out of medicare and medicaidclaims have been recovered in the last five years. >>> a new fox nus polls shows 61% of voters have no confidence in congress. 34% have some and 5% have a great deal of confidence. >>> what costs $1.2 million? it takes six months to build. then it goes, you know, 270 miles per hour? >> airplane? >> airplane, close, but maybe on the ground with wheels....
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Feb 5, 2014
02/14
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so if you take out social security and health care, medicare, medicaid and the health care exchanges, spending connected to gdp as a percentage of gdp less money on government programs than we did in 1940, preworld war ii. that's where we're projected to go. the problem is are deficits going to tn to because of the aeji aejing. >> i was going to say the next 10, 15 years, social security, medicare, medicaid is going to be taking up every dime. you have erskine bowls saying that's happening right now. >> how do you solve the problem for an aging population? you can't legislate your way out of here. you can't get people to go younger. you can't get people to say, hey, take some testosterone or some sort of steroid -- >> donnie does temperature he's on human growth hormones. >> makes him look great in baby gap. >> you're doing it the way you always do it. i'm the guy that says you have to trim the entitlement programs for the next 15, 20 years but just subtracting is not the way to grow the economy. we've got to integrate. >> the good thing about the u.s., you have to integrate more. you
so if you take out social security and health care, medicare, medicaid and the health care exchanges, spending connected to gdp as a percentage of gdp less money on government programs than we did in 1940, preworld war ii. that's where we're projected to go. the problem is are deficits going to tn to because of the aeji aejing. >> i was going to say the next 10, 15 years, social security, medicare, medicaid is going to be taking up every dime. you have erskine bowls saying that's...
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Feb 19, 2014
02/14
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the federal writing checks for social security, medicare, medicaid leaves less money for traditionals so you have to find other ways around the problems. bus again, social media creates a different way to mobilize forces. i also don't think that this election that is coming up or maybe even one after that will end the basic political gridlock that washington is dealing with. you have a whole combination, constellation of forces seem to pushing president, not just this one, future once, potentially in this direction as well. jenna: we're part of this great exriment which is america. i don't want to oversimplify things, jerry, we often think about things in good and bad terms. based on your thinking on this is this good for the country? that for example, state, local governments are empowered, maybe non-government groups are empowered or potentially bad for our country because there is less power potentially in the power of the president? >> there is bigger social force. there is decentralization of power and internet is creating that a lot of ways in american society. this may be one.
the federal writing checks for social security, medicare, medicaid leaves less money for traditionals so you have to find other ways around the problems. bus again, social media creates a different way to mobilize forces. i also don't think that this election that is coming up or maybe even one after that will end the basic political gridlock that washington is dealing with. you have a whole combination, constellation of forces seem to pushing president, not just this one, future once,...
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Feb 26, 2014
02/14
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if you look how medicare, medicaid, all the government program that involve some subsidies and premiumst is structured it is not that much different than obamacare. that's the problem, if you have government that much involved in an insurance program, it is almost like on autopilot. that is what we have here. bill: but the politicians don't touch this stuff because it is outside control of the budget. if you had a vote you could not do anything bit. >> i agree. politicians never touched fannie and freddie until it blew up and costs us a lot of money. that is where we're going. sound great, fannie and freddie, affordable homes for everybody. this sound good too, medical care for elderly and sick and people that can't afford it. the row to serfdom always begins with good intentions. when government is this much enmeshed in a program like this it always leads to disaster. bill: a couple things he fears coburn says, obamacare is next one to join the club of medicaid as we just pointed out. medicare, 16,750%. defense health programs, 1300%. veterans medical care, 4500%. all this now -- liste
if you look how medicare, medicaid, all the government program that involve some subsidies and premiumst is structured it is not that much different than obamacare. that's the problem, if you have government that much involved in an insurance program, it is almost like on autopilot. that is what we have here. bill: but the politicians don't touch this stuff because it is outside control of the budget. if you had a vote you could not do anything bit. >> i agree. politicians never touched...
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Feb 23, 2014
02/14
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bob, i'm sure with any new program whether you go back to the start of social security or medicare or medicaidthere are always problems. but the goal is to cover more people so that we can improve the wellness of our people and not have the constantly escalating costs of health care. >> schieffer: where do you think it is right now? >> health care reform is? >> schieffer: this whole plan, is this going to work. >> it's going much better. it will continue to improve. look, the main goal here and larger battle is to bring down the costs of health care which is keeping us from being a more productive job generating country. you can't put dollars in to job creation if every year you're cutting checks, small businesses, medium business, large. both 17, 15, 18 percent increase in your health care. so that's the goal. we'll achieve that goal by working together and making this work. >> schieffer: do you think that democrats, very many democrats will ask the president to come and campaign for them now? i hear a lot of them don't want him in their states now because this thing is so unpopular. i'm not
bob, i'm sure with any new program whether you go back to the start of social security or medicare or medicaidthere are always problems. but the goal is to cover more people so that we can improve the wellness of our people and not have the constantly escalating costs of health care. >> schieffer: where do you think it is right now? >> health care reform is? >> schieffer: this whole plan, is this going to work. >> it's going much better. it will continue to improve....
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fixes for the medic medicare medicare fixes both medicaid and medicare the reimbursement rates are so low that doctors are turning it away so you have in these in these major cities like tons of doctors more than half who are now saying that they're inclined tell me have small quotas on taking medicare but a lot of doctors who just don't take any i'm sure it's so so having private insurance actually puts these guys have. what i think is particularly ironic here is republicans in arkansas in order to placate them democrats have to allow them to accept a republican version of a democratic plan which in its inception was created by the heritage foundation says another issue here all of your money my general impression is that if we're going to deal with health care i think we would much better off using private insurance and then helping those who can't afford to get it rather than forcing us all into in obamacare situations we don't like while the obama because we know that with food you know if people need food we don't make everybody get together a program for food and hand out food w
fixes for the medic medicare medicare fixes both medicaid and medicare the reimbursement rates are so low that doctors are turning it away so you have in these in these major cities like tons of doctors more than half who are now saying that they're inclined tell me have small quotas on taking medicare but a lot of doctors who just don't take any i'm sure it's so so having private insurance actually puts these guys have. what i think is particularly ironic here is republicans in arkansas in...
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Feb 8, 2014
02/14
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for months we have been showcasing theish issue s sincee launch of medicaid and medicare. and this has been sold to the country with these basic promise s. >> if you like health insurance, you like your doctor, you like your plan, you can keep your doctor and keep your plan. >> if you like your doctor or health care provider you can keep them. >> if you like your doctor you will be able to keep your doctor, period. >> if you like your health care plan you will be able to keep your health care plan, period. if you like your health care plan you can keep that, too. >> if you like your doctor, you keep your doctor, if you like your current insurance you keep that insurance. period. end of story. >> now, the naysayers and tyc n nn oi owe cynics doubt we can do this. >> more than 6 million were kicked off the plan before they were told to just ignore that part of the law. new enrollees learned they cannot get the promise they were told. and it was known as the lie of the year. the problem started with the website that did not work. just six people were able to sign up on day on
for months we have been showcasing theish issue s sincee launch of medicaid and medicare. and this has been sold to the country with these basic promise s. >> if you like health insurance, you like your doctor, you like your plan, you can keep your doctor and keep your plan. >> if you like your doctor or health care provider you can keep them. >> if you like your doctor you will be able to keep your doctor, period. >> if you like your health care plan you will be able to...
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Feb 28, 2014
02/14
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medicare, medicaid, social security, interest of the debt. by 2025 every cent of tax revenue will go to that and that alone. that is why the gloom exists. >> i going to rip up the script. minimum wage. in zÜrich, switzerland, the numbers work up to $12 and here in new york, seven dollars? i am going to guess in tulsa, oklahoma, and mcdonnell -- mcdonald's the mid to value meal is a little cheaper. how do you do a minimum wage of the federal pages when you have bases we have that disparity? >> as republican is probably high treason but i have never been concerned about minimum wage at a certain level. obviously if you set $50 that will not be good because then you will starve job creators. 7.25 dollars to $10, that is a big jump and from the analyses of last week, a major number of number of people who will not be able to work, that is not good. it is a liberal more democrat agenda. these are the things they believe very strongly in. >> here is what is curious. you are a week -- were a republican governor and the only republican governor from
medicare, medicaid, social security, interest of the debt. by 2025 every cent of tax revenue will go to that and that alone. that is why the gloom exists. >> i going to rip up the script. minimum wage. in zÜrich, switzerland, the numbers work up to $12 and here in new york, seven dollars? i am going to guess in tulsa, oklahoma, and mcdonnell -- mcdonald's the mid to value meal is a little cheaper. how do you do a minimum wage of the federal pages when you have bases we have that...
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Feb 27, 2014
02/14
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second, medicare advantage plans can't charge more than medicaid for things like skilled nursing, chemotherapy and other specialized services, protections saving thousands of dollars for seniors. in the first three years of the affordable care act, medicare recovered $15 billion in fraudulent payments under medicare because of new tools designed to root out fraud and waste and abuse in the affordable care act. and older americans that haven't yet reached medicare age are saving money because the act reduced the amount of discrimination in premiums against older americans by saying that insurance companies can't charge more than three times what they charge younger workers what they charge older workers. and so for seniors in particular, we're trying to make it clear that some of the unnoticed benefits, the fact that nobody is asking you for a co-pay when you go in for a medicare checkup, that you are saving money every time you go in to the pharmacy. those didn't happen magically. those didn't happen because of republican health care policies. they happened because of the affordable care act.
second, medicare advantage plans can't charge more than medicaid for things like skilled nursing, chemotherapy and other specialized services, protections saving thousands of dollars for seniors. in the first three years of the affordable care act, medicare recovered $15 billion in fraudulent payments under medicare because of new tools designed to root out fraud and waste and abuse in the affordable care act. and older americans that haven't yet reached medicare age are saving money because...
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Feb 23, 2014
02/14
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. >> talk to us about this realization he made with medicare medicaid, and your solution. >> we did notake the medicaid covered,, everyone is because we had a unique transition. i want to go back to the original question. a good point about your supermarket analogy. i use the one about taking on our cell phones and say how many of us in america can tell us what our cell phone plan is? if i did not have unlimited texting, my two teenagers would put me in the poor house. they can tell you that it is $10 to get prescription drugs, they can tell you it is the dean dollars to go to the doctor, but they do not know what it is all about. you talked about it in new hampshire with employees. one of the biggest areas of medicaid and state employee benefits. you think the concept of the cell phone plan, we have done that in a limited margin in the past marketplace. one of the few places, corrective eye surgery, most all people had it too expensive. today, just about anybody could say about for corrective eye surgery for a couple hundred dollars. i still want quality, so you match it to out there.
. >> talk to us about this realization he made with medicare medicaid, and your solution. >> we did notake the medicaid covered,, everyone is because we had a unique transition. i want to go back to the original question. a good point about your supermarket analogy. i use the one about taking on our cell phones and say how many of us in america can tell us what our cell phone plan is? if i did not have unlimited texting, my two teenagers would put me in the poor house. they can tell...
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Feb 13, 2014
02/14
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food that made you fat or that you chose to eat this food that made you fat if you are on medicare or medicaidmore money. stuart: they are lying to you, they concealed the harm and the fat and sugar can do to you. >> how far we going to go to say it is the governments job to take care of us rather than our own job to take care of ourselves and be responsible for our own situations which mark this lawyer on with neil last night's try to talk attorney aty general into filing lawsuits and name him as the lead lawyer because the three would be the states spend wer more money on medicare and medicaid to cure for the ills caused by obesity, caused by the lies that the large food companies perpetrated on innocent people that wouldn't have thought this food. it is a long stretch, but it worked with tobacco. absolutely not. it was just a wealth transfer from big tobacco to big government. that is all this will be if it succeeds, a wealth transfer from big food to big government. and the plaintiff lawyers will @et rich in this. nicole: har hardware sales staggering. stuart: 4% is a sizable decline. than
food that made you fat or that you chose to eat this food that made you fat if you are on medicare or medicaidmore money. stuart: they are lying to you, they concealed the harm and the fat and sugar can do to you. >> how far we going to go to say it is the governments job to take care of us rather than our own job to take care of ourselves and be responsible for our own situations which mark this lawyer on with neil last night's try to talk attorney aty general into filing lawsuits and...
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Feb 17, 2014
02/14
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after, being a republican i want to go after entitlement reform and do something, save money in medicare, medicaid. cut a deal and blame the other side. [laughter] that's how they used to do it. now they don't do anything and blame the other side. cut the deal. we had to give on entitlements because the other side insisted on it. we had to give on corporate tax reform because the other side insisted on it, there wouldn't be a deal otherwise. to do that you have to first convince the public it is essential that we deal. once you convinced them of that that the most important thing in the world is to deal and to come proprize to make government to work. to be grown them and listening to the full-mooners out there, then, government will work again. both side haver to tell their people, a deal, at some point is necessary. and at that point they will give and will give. you won't like some of it they will want to push it on us. if we don't come repromize and negotiate there will be no government. do you like the way it is now? no. nobody does. we have to grow up. we have to become grown-ups. that is my
after, being a republican i want to go after entitlement reform and do something, save money in medicare, medicaid. cut a deal and blame the other side. [laughter] that's how they used to do it. now they don't do anything and blame the other side. cut the deal. we had to give on entitlements because the other side insisted on it. we had to give on corporate tax reform because the other side insisted on it, there wouldn't be a deal otherwise. to do that you have to first convince the public it...