ARDX Awarded Contract for Exchange Stakeholder Technical Assistance DailyFinance Stakeholders include a variety of entities and individuals involved in the implementation including insurance issuers, agents, brokers, Pharmacy Benefit Managers (PBMs), Third Party Administrators (TPAs), State Reinsurance Vendors and many others. |
Saturday, October 13, 2012
ARDX Awarded Contract for Exchange Stakeholder Technical Assistance - DailyFinance
tenamup.wordpress.com
Thursday, October 11, 2012
Community Foundation chief
ycoguqi.wordpress.com
But the foundation’s 14 employees still have theit jobs because meetingthe organization’s prioritgy goals requires “every single person says Walker Sanders, the foundation’s president. “Thwe times are tough and we’re going to be sure we’re ther and are proactive and responsivd to the needs that are The recession has been tough on the which has seen the valuer of its assets fallto $87.2 million from $114.3 million at the end of 2007. And totak contributions to the foundationn fellfrom $17.5 million in 2007 to $13.5 millionb in 2008. Grants the foundation however, grew from $11.7 million in 2007 to $12.
7 milliom in 2008, mainly because the foundation in recent years has acted as fiscao agent for a growing number of community with grants for thosee projects flowing through the In mid-2008, when it was clear the economy was deterioratin g into a recession, Sanders says, the foundation’s boarr and staff took a hard look at the organization’x expenses. While cutting as many operatinbg expenses asit could, he says, the foundation concluded it did not want to make any staftf cuts because that could undermined “a very strong strategic plan that’s in high The foundation was “created to be a long-terkm permanent entity that would provide the resources for this community when the times are tough,” he And with the foundation fully staffedr for the first time since the 2002 recession, he it needs its entire staff to focud on its priority goals of addressingy immediate community needs and expanding its resources to address futurew needs.
Thus, the foundation created an emergencyu fund that is available to local groups facing crises in their operations. The foundation used some of the moneyto seed, in partnershipo with United Way of Greaterf Greensboro, a special fund to addressa immediate needs for emergency shelter and food this past winter. That known as Operation Greensboro Cares, raised $400,000o in three weeks in and all the money was distributes by the endof March.
As part of a strategivc plan it adoptedin 2006, the foundation has been workingb to increase its own financial capacity, improve its philanthropic serve as a “trusted community partner,” and boost its marketing and The financial effort has included raising endowmentas for women and public art, and from young professionals. To improve its philanthropic services, the foundation has investec in technology to help donors use the web to trackk and handle their fundz at the foundation and to make recommendations on grantw to be made from those Efforts to be a trusted community partner includeethe foundation’s role in initiatives such Hispanic s in Philanthropy; the Guilford Green Foundation, a groul that focuses on issues involving lesbians, gays, bisexualss and transgender people; the Guilford Education and the Gate City Co.
To boost its marketing and the foundation has revamped the look of its web site and adder features such as videos that tell storiea aboutits work. And this the site will add features that connect donorw with community causes theycan support. Anothedr strategy the foundation is using to cope withtoughb times, Sanders says, is to keep communicatinv with its donors and thank them for their “This is the time when nonprofits really need to get out and go to theirt funders and constituents, thank them for what they’red doing, and be very transparentf in what they’re seeing and experiencing,” he
But the foundation’s 14 employees still have theit jobs because meetingthe organization’s prioritgy goals requires “every single person says Walker Sanders, the foundation’s president. “Thwe times are tough and we’re going to be sure we’re ther and are proactive and responsivd to the needs that are The recession has been tough on the which has seen the valuer of its assets fallto $87.2 million from $114.3 million at the end of 2007. And totak contributions to the foundationn fellfrom $17.5 million in 2007 to $13.5 millionb in 2008. Grants the foundation however, grew from $11.7 million in 2007 to $12.
7 milliom in 2008, mainly because the foundation in recent years has acted as fiscao agent for a growing number of community with grants for thosee projects flowing through the In mid-2008, when it was clear the economy was deterioratin g into a recession, Sanders says, the foundation’s boarr and staff took a hard look at the organization’x expenses. While cutting as many operatinbg expenses asit could, he says, the foundation concluded it did not want to make any staftf cuts because that could undermined “a very strong strategic plan that’s in high The foundation was “created to be a long-terkm permanent entity that would provide the resources for this community when the times are tough,” he And with the foundation fully staffedr for the first time since the 2002 recession, he it needs its entire staff to focud on its priority goals of addressingy immediate community needs and expanding its resources to address futurew needs.
Thus, the foundation created an emergencyu fund that is available to local groups facing crises in their operations. The foundation used some of the moneyto seed, in partnershipo with United Way of Greaterf Greensboro, a special fund to addressa immediate needs for emergency shelter and food this past winter. That known as Operation Greensboro Cares, raised $400,000o in three weeks in and all the money was distributes by the endof March.
As part of a strategivc plan it adoptedin 2006, the foundation has been workingb to increase its own financial capacity, improve its philanthropic serve as a “trusted community partner,” and boost its marketing and The financial effort has included raising endowmentas for women and public art, and from young professionals. To improve its philanthropic services, the foundation has investec in technology to help donors use the web to trackk and handle their fundz at the foundation and to make recommendations on grantw to be made from those Efforts to be a trusted community partner includeethe foundation’s role in initiatives such Hispanic s in Philanthropy; the Guilford Green Foundation, a groul that focuses on issues involving lesbians, gays, bisexualss and transgender people; the Guilford Education and the Gate City Co.
To boost its marketing and the foundation has revamped the look of its web site and adder features such as videos that tell storiea aboutits work. And this the site will add features that connect donorw with community causes theycan support. Anothedr strategy the foundation is using to cope withtoughb times, Sanders says, is to keep communicatinv with its donors and thank them for their “This is the time when nonprofits really need to get out and go to theirt funders and constituents, thank them for what they’red doing, and be very transparentf in what they’re seeing and experiencing,” he
Wednesday, October 10, 2012
Dining options slip on icy economy - New Mexico Business Weekly:
burdukovahycel.blogspot.com
The weak economy has devoured a dozeh restaurants justsince January, providintg an oversupply of space left vacant by troubled nationakl chains. Successful local operators are possible candidates tofill it. Whiled all retailers are feelingthe recession’s squeeze, restaurants are particularlh vulnerable as consumers dine out less and, when they do eat out, opt for lower priced fare. Sales are off sincse last September between 1 and 10 percent at manylocal establishments, say localo experts, while publicly tradef national chains such as , and the were off 7 percenft or more on comparable units in the fourth quartedr of 2008. Most national have either put off expansions or cutit back.
It’w not likely Albuquerque will land any of the majoe names it covets in theforeseeabld future. Those names include Cheesecake Factory, , and the two big namess in steak, and . Expect future expansiohn here by the few healthy national casual dining chains suchas , whic opened on Montgomery last year. Despite Albuquerque’s reputation nationall as a strongrestaurant market, it has not been immune to the Both national and local chains are leaving high-profile locations empty in the North I-25 corridoe and Uptown. With an abundance of lease and acquisition ratesare dropping, in some cases beloq appraisal values.
The rangw of closures has hit all categories, from fast-food icon to casualp dining spots such asand , to upscale Cajun seafood franchisw . The closures provide opportunities for thosde restaurateurs who canget financing, but that is “The guys who can play now must have great credit and must have five yeares of experience in the business. They also must put 30 to 50 percentt inthe deal,” observes Davis Fite, who specializes in restaurantsa for . “In commerciall real estate, the restaurant categor y is the most difficult to get financedrighr now.” Fite added that a Montana-based chain will move into Albuquerqued and take three locations in the coming months.
Perhaps the most high-profilew availability is the formerd and the adjacent restaurants just nortuhof I-40 on Louisiana Boulevard. They were recentlg acquired out of bankruptcyby Scotttsdale-based , which now is offerinv the properties for sale or lease. “I see two new restaurantss there or a bank and a In my opinion this is the best site in Even though times are people still haveto eat,” said Perry managing partner at Tradecor. “Albuquerque is holding up fairly wellright now. It’sz doing 10 times better than Mann developed thePF Chang’ s site and owns several restaurants here. The former Copeland’s, at 10051 Coors NW, is beinyg offered for $2.
8 milliobn and is among the larger (7,775 square feet) and more moder sites available. John Henderson of Maestas & Ward has had severa l showings. Meanwhile, the value of restaurantss that have sat on the markert for several years hasdropped markedly. The forme ’s at 5001 San Mateo NE has been emptt for five years and its price has slippedfrom $2.7 millioh to its current $1.85 million. For successfup local restaurateurs, the vacancies are expansion Nick Kapinson operates in Nob Hill and isinvestinh $500,000 to lease and renovate the Johnny Carino’s site. His new restaurant will have aMediterraneanh concept, but will not be callex Yanni’s.
Kapinson hopes to open by late Marcyh and is partnering withJimmy Daskalos. “The reason restaurantds are failing is becausesthey don’t take care of their people and are not Kapinson said. “In this economy, you can’t be You can’t be on the golf It’s no big secret: This is hard ’s Terry and Pat Keene and ’as Kathy Punya have expanderd their enterprises. The focus for futurr restaurant developmentis Uptown. Developer Gary Goodman hopex to build a dozen new restaurantsat .
Hunt Development’a adjacent Quorum project is proposing at leastf threenew eateries, but both projects need tax incrementt development district approvals from the “When you look to see who is expanding, the food category is active while everything else is Trent Stafford, vice presidenf at Hunt said. “We do anticipate slippage at thehigher end. I don’tg expect people to be spending $200 for dinner this year.
”
The weak economy has devoured a dozeh restaurants justsince January, providintg an oversupply of space left vacant by troubled nationakl chains. Successful local operators are possible candidates tofill it. Whiled all retailers are feelingthe recession’s squeeze, restaurants are particularlh vulnerable as consumers dine out less and, when they do eat out, opt for lower priced fare. Sales are off sincse last September between 1 and 10 percent at manylocal establishments, say localo experts, while publicly tradef national chains such as , and the were off 7 percenft or more on comparable units in the fourth quartedr of 2008. Most national have either put off expansions or cutit back.
It’w not likely Albuquerque will land any of the majoe names it covets in theforeseeabld future. Those names include Cheesecake Factory, , and the two big namess in steak, and . Expect future expansiohn here by the few healthy national casual dining chains suchas , whic opened on Montgomery last year. Despite Albuquerque’s reputation nationall as a strongrestaurant market, it has not been immune to the Both national and local chains are leaving high-profile locations empty in the North I-25 corridoe and Uptown. With an abundance of lease and acquisition ratesare dropping, in some cases beloq appraisal values.
The rangw of closures has hit all categories, from fast-food icon to casualp dining spots such asand , to upscale Cajun seafood franchisw . The closures provide opportunities for thosde restaurateurs who canget financing, but that is “The guys who can play now must have great credit and must have five yeares of experience in the business. They also must put 30 to 50 percentt inthe deal,” observes Davis Fite, who specializes in restaurantsa for . “In commerciall real estate, the restaurant categor y is the most difficult to get financedrighr now.” Fite added that a Montana-based chain will move into Albuquerqued and take three locations in the coming months.
Perhaps the most high-profilew availability is the formerd and the adjacent restaurants just nortuhof I-40 on Louisiana Boulevard. They were recentlg acquired out of bankruptcyby Scotttsdale-based , which now is offerinv the properties for sale or lease. “I see two new restaurantss there or a bank and a In my opinion this is the best site in Even though times are people still haveto eat,” said Perry managing partner at Tradecor. “Albuquerque is holding up fairly wellright now. It’sz doing 10 times better than Mann developed thePF Chang’ s site and owns several restaurants here. The former Copeland’s, at 10051 Coors NW, is beinyg offered for $2.
8 milliobn and is among the larger (7,775 square feet) and more moder sites available. John Henderson of Maestas & Ward has had severa l showings. Meanwhile, the value of restaurantss that have sat on the markert for several years hasdropped markedly. The forme ’s at 5001 San Mateo NE has been emptt for five years and its price has slippedfrom $2.7 millioh to its current $1.85 million. For successfup local restaurateurs, the vacancies are expansion Nick Kapinson operates in Nob Hill and isinvestinh $500,000 to lease and renovate the Johnny Carino’s site. His new restaurant will have aMediterraneanh concept, but will not be callex Yanni’s.
Kapinson hopes to open by late Marcyh and is partnering withJimmy Daskalos. “The reason restaurantds are failing is becausesthey don’t take care of their people and are not Kapinson said. “In this economy, you can’t be You can’t be on the golf It’s no big secret: This is hard ’s Terry and Pat Keene and ’as Kathy Punya have expanderd their enterprises. The focus for futurr restaurant developmentis Uptown. Developer Gary Goodman hopex to build a dozen new restaurantsat .
Hunt Development’a adjacent Quorum project is proposing at leastf threenew eateries, but both projects need tax incrementt development district approvals from the “When you look to see who is expanding, the food category is active while everything else is Trent Stafford, vice presidenf at Hunt said. “We do anticipate slippage at thehigher end. I don’tg expect people to be spending $200 for dinner this year.
”
Tuesday, October 9, 2012
Madoff gets 150 years in prison - Kansas City Business Journal:
jiqatili.wordpress.com
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's scheme. The mastermind behind the biggesy Ponzi schemein U.S. history was sentenced on Mondayy morning in federal court in Manhattan to 150 yearsbehind bars, the maximum requester by federal prosecutors. Madoff's attorney had asked for a far more lenient sentence of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge describexd his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duratio and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in March to 11 countsincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their losses are estimatec at morethan $13 billion. Prior to sentencing, Chin heards from nine of the victims who talked abou thedevastation Madoff’s fraud had causedc to their lives and their families.
Many of Madoff’s wealthu clients lived in South Florida and lost their life savingds tohis scheme. Fox, 86, said she is still furiousw that the and the federalkgovernment didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they failedx us. Nobody seems to do anything abour it,” Fox said. She also took issue with the largwe fees being paid to peoples such asIrving H. Picard, the trustee who is handlinf the liquidation ofBernard L. Madoff Investment “The trustee Picard is making hisown rules. They’rre paying these guys millionsof dollars. It woulds be better to pay theinvestors directly,” Fox said.
Fox, a widow who once workedc as secretary inNew York, said she invested $50,000 in 1987 because she was relatede to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’ d made over the years on “phantom” income from Madofv accounts. However, she is worriedf that her disbursements may eventually be targeted in clawbaco efforts by the trustee in bankruptcy proceedings who has begunh sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the governmenft has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protection “Some of the people I know are too busy with thesw other issues to really care that much abouft what happened today. They believed he would spende the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorn Yoss, said he believes the couryt had little choice but to levy the maximum sentence on Madoff.
“I don’t thinok the victims should have been victimized again by havinfg him be able to leave prisobnone day,” said Atlas, whose firm continue s to advise clients about tax returns and possibly future claimx against investment advisors who investe with Madoff. “I’m wondering if the trustew will be able to locate more than the billiojn plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and propertty involved in certain of his crimes, according to a news release from the U.S. Department of Justice.
“Whilee today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District ofNew York, said in a news release. “Wew are focused on tracing, restraining and liquidatinb assets to maximize recoveries forthe victims.”
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's scheme. The mastermind behind the biggesy Ponzi schemein U.S. history was sentenced on Mondayy morning in federal court in Manhattan to 150 yearsbehind bars, the maximum requester by federal prosecutors. Madoff's attorney had asked for a far more lenient sentence of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge describexd his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duratio and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in March to 11 countsincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their losses are estimatec at morethan $13 billion. Prior to sentencing, Chin heards from nine of the victims who talked abou thedevastation Madoff’s fraud had causedc to their lives and their families.
Many of Madoff’s wealthu clients lived in South Florida and lost their life savingds tohis scheme. Fox, 86, said she is still furiousw that the and the federalkgovernment didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they failedx us. Nobody seems to do anything abour it,” Fox said. She also took issue with the largwe fees being paid to peoples such asIrving H. Picard, the trustee who is handlinf the liquidation ofBernard L. Madoff Investment “The trustee Picard is making hisown rules. They’rre paying these guys millionsof dollars. It woulds be better to pay theinvestors directly,” Fox said.
Fox, a widow who once workedc as secretary inNew York, said she invested $50,000 in 1987 because she was relatede to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’ d made over the years on “phantom” income from Madofv accounts. However, she is worriedf that her disbursements may eventually be targeted in clawbaco efforts by the trustee in bankruptcy proceedings who has begunh sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the governmenft has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protection “Some of the people I know are too busy with thesw other issues to really care that much abouft what happened today. They believed he would spende the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorn Yoss, said he believes the couryt had little choice but to levy the maximum sentence on Madoff.
“I don’t thinok the victims should have been victimized again by havinfg him be able to leave prisobnone day,” said Atlas, whose firm continue s to advise clients about tax returns and possibly future claimx against investment advisors who investe with Madoff. “I’m wondering if the trustew will be able to locate more than the billiojn plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and propertty involved in certain of his crimes, according to a news release from the U.S. Department of Justice.
“Whilee today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District ofNew York, said in a news release. “Wew are focused on tracing, restraining and liquidatinb assets to maximize recoveries forthe victims.”
Sunday, October 7, 2012
Bellingham couple assist in rescue of man whose boat capsized - The Seattle Times
ogarawo.wordpress.com
Bellingham Herald | Bellingham couple assist in rescue of man whose boat capsized The Seattle Times Bellingham couple assist in rescue of man whose boat capsized. A Bellingham couple in their salmon-fishing boat assisted in the rescue of 19-year-old Ryan Harris after his aluminum boat capsized northwest of Sitka, Alaska. By The Associated Press ... Wash. couple helps rescue man adrift in Alaska |
Saturday, October 6, 2012
Dunkin
ovaluleq.wordpress.com
The coffee and baked goodzs chain signed a deal with to developl 12 restaurantsin Dayton. The franchisee, Giantr Oil, plans to open a locatiom in 2011 and the remaining 11 withi the next five Giant Oil, headquartered in the Tampa Bay has a background in the retail as well as management, ownershilp and operation of convenience stores. Lynette McKee, vice president of franchising for parent company, Dunkin’ Brands Inc., said there is demand for Dunkin’sd products in Dayton. “Thesw restaurants will satisfy a growing demand in the marke t for high quality coffee and bakedf goods that are availableall day,” McKere said in a news release.
There is one Donuts/Baskin Robbins location in the Dayton on Springboro Pike near theDayton Mall. In additiob to the 12 locations Giant Oilwill Dunkin’ Donuts is looking for additionapl franchisees to develop a minimum of threr locations in the surrounding areas of Springfield, Tipp Middletown, Eaton and Lima. Dunkin' Donuts is looking for franchisees who have a net wortnof $1.5 million and liquid asseta of at least $750,000, McKee said. In addition, the franchises or management team should haverestaurantr experience.
The average Dunkin' Donutss store employs between 20 and 30 McKeesaid Dunkin' has decided to ramp up its presence in Daytonm as a part of its growth strategy of expandingf in existing markets and findin g new markets across the country. Dunkin’ a subsidiary of Canton, Mass.-based Dunkin’ Brands has nearly 9,000 locations in 31 countries. Donuts’ global sales in 2008 were $5.5 billion.
The coffee and baked goodzs chain signed a deal with to developl 12 restaurantsin Dayton. The franchisee, Giantr Oil, plans to open a locatiom in 2011 and the remaining 11 withi the next five Giant Oil, headquartered in the Tampa Bay has a background in the retail as well as management, ownershilp and operation of convenience stores. Lynette McKee, vice president of franchising for parent company, Dunkin’ Brands Inc., said there is demand for Dunkin’sd products in Dayton. “Thesw restaurants will satisfy a growing demand in the marke t for high quality coffee and bakedf goods that are availableall day,” McKere said in a news release.
There is one Donuts/Baskin Robbins location in the Dayton on Springboro Pike near theDayton Mall. In additiob to the 12 locations Giant Oilwill Dunkin’ Donuts is looking for additionapl franchisees to develop a minimum of threr locations in the surrounding areas of Springfield, Tipp Middletown, Eaton and Lima. Dunkin' Donuts is looking for franchisees who have a net wortnof $1.5 million and liquid asseta of at least $750,000, McKee said. In addition, the franchises or management team should haverestaurantr experience.
The average Dunkin' Donutss store employs between 20 and 30 McKeesaid Dunkin' has decided to ramp up its presence in Daytonm as a part of its growth strategy of expandingf in existing markets and findin g new markets across the country. Dunkin’ a subsidiary of Canton, Mass.-based Dunkin’ Brands has nearly 9,000 locations in 31 countries. Donuts’ global sales in 2008 were $5.5 billion.
Friday, October 5, 2012
Obama: Doing 'nothing' about health care not an option - Business First of Louisville:
houghtalingbaemo1268.blogspot.com
“Health care reform is not somethinv I just cooked up when I took Obama told a crowd ofabouf 1,500 people Thursday at in the Green Bay subur of Ashwaubenon. “It is centrall to our economic future. In past yeard and decades, there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congrese to pass a comprehensive health care bill by the end of the summef and ready for his signaturde by fall. Many Democrats, includinbg the president, favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programs such as Medicarwor Medicaid.
Most Republicans and many businessd groups, however, say a competing plan that isn’t profit-drivejn would drive private insurers outof business. On the , a physician’s group Obama is schedule d to meet with Mondayin Chicago, said it is opposed to a government-sponsored insurance Obama said his administration is workinbg on a Health Insurance Exchange that would allow people to compare insurance benefits and None of the plans included in the exchange would be allowef to deny coverage based on pre-existing conditionsw and all must include an affordable, basic benefit “I also strongly believe that one of the options in the Exchangr should be a public insurance option – because if the privats insurance companies have to compete with a public it will keep them honest and help keep prices down,” Obama said.
Supporterx of health care reform say it would provide healt insurance coverage to millions of Americanss and make coverage more affordable for thoswe who arealready covered. Because healthb insurance premiums have doubled over the lastnine years, and have growhn at a rate three times faster than wages, even those with coveragw have reached a breaking point, Obama said. Employers are not farint any better. Small business owners have been forcedr to cut health care benefits or drop coveragse entirely because ofrising costs, Obama said. “Wed have the most expensivw health care system in the Obama said.
“We spend almostt 50 percent more per person on health care than the next mostcostlg nation. But here’s the thing, Green Bay: we’rs not any healthier for Obama vowed to let Americansz who are content with theirt coverage and their physicians keep whatthey have, but said the countrgy has reached a point wherr doing nothing about the cost of health care is no longer an “If we do within a decade we will be spending one out of every five dollars we earn on health care,” Obama said. “In 30 it will be one out of every three.
” Obamaz acknowledged covering all Americans would be but promised health care reforn would not add tothe country’s defici t over the next 10 years. “To make that we have already identifiefd hundreds of billions worth of savings in ourbudgetg – savings that will come from steps like reducinhg Medicare overpayments to insurance companies and rooting out waste, fraued and abuse in both Medicare and Obama said. In Obama is proposing that Congressz scale back the amountthe highest-income Americans can deducf on their taxes and use that money to help financ health care.
Obama spoke for aboutr 20 minutes and then took questions from six peopls in the audience who expressedx fearover “socialized medicine,” asked questions aboug wellness and even questioned the country’s educatioj system. Regarding the idea of socializecd medicine, Obama said that isn’f what he, or anyone in Congress,
“Health care reform is not somethinv I just cooked up when I took Obama told a crowd ofabouf 1,500 people Thursday at in the Green Bay subur of Ashwaubenon. “It is centrall to our economic future. In past yeard and decades, there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congrese to pass a comprehensive health care bill by the end of the summef and ready for his signaturde by fall. Many Democrats, includinbg the president, favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programs such as Medicarwor Medicaid.
Most Republicans and many businessd groups, however, say a competing plan that isn’t profit-drivejn would drive private insurers outof business. On the , a physician’s group Obama is schedule d to meet with Mondayin Chicago, said it is opposed to a government-sponsored insurance Obama said his administration is workinbg on a Health Insurance Exchange that would allow people to compare insurance benefits and None of the plans included in the exchange would be allowef to deny coverage based on pre-existing conditionsw and all must include an affordable, basic benefit “I also strongly believe that one of the options in the Exchangr should be a public insurance option – because if the privats insurance companies have to compete with a public it will keep them honest and help keep prices down,” Obama said.
Supporterx of health care reform say it would provide healt insurance coverage to millions of Americanss and make coverage more affordable for thoswe who arealready covered. Because healthb insurance premiums have doubled over the lastnine years, and have growhn at a rate three times faster than wages, even those with coveragw have reached a breaking point, Obama said. Employers are not farint any better. Small business owners have been forcedr to cut health care benefits or drop coveragse entirely because ofrising costs, Obama said. “Wed have the most expensivw health care system in the Obama said.
“We spend almostt 50 percent more per person on health care than the next mostcostlg nation. But here’s the thing, Green Bay: we’rs not any healthier for Obama vowed to let Americansz who are content with theirt coverage and their physicians keep whatthey have, but said the countrgy has reached a point wherr doing nothing about the cost of health care is no longer an “If we do within a decade we will be spending one out of every five dollars we earn on health care,” Obama said. “In 30 it will be one out of every three.
” Obamaz acknowledged covering all Americans would be but promised health care reforn would not add tothe country’s defici t over the next 10 years. “To make that we have already identifiefd hundreds of billions worth of savings in ourbudgetg – savings that will come from steps like reducinhg Medicare overpayments to insurance companies and rooting out waste, fraued and abuse in both Medicare and Obama said. In Obama is proposing that Congressz scale back the amountthe highest-income Americans can deducf on their taxes and use that money to help financ health care.
Obama spoke for aboutr 20 minutes and then took questions from six peopls in the audience who expressedx fearover “socialized medicine,” asked questions aboug wellness and even questioned the country’s educatioj system. Regarding the idea of socializecd medicine, Obama said that isn’f what he, or anyone in Congress,
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