Drudge Retort: The Other Side of the News

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Wednesday, August 10, 2016

A woman was fatally shot by an officer while participating in a "shoot-don't shoot" exercise during a two-hour citizens academy hosted by the Punta Gorda Police Department in southwest Florida.

Friday, July 15, 2016

Republican Donald Trump announced Indiana Governor Mike Pence as his vice presidential running mate on Friday, putting a seasoned conservative politician at his side who could help rally more party loyalists behind his White House bid.

Wednesday, July 13, 2016

For the first time, a federal judge has suppressed evidence obtained without a warrant by U.S. law enforcement using a stingray, a surveillance device that can trick suspects' cell phones into revealing their locations. U.S. District Judge William Pauley in Manhattan on Tuesday ruled that defendant Raymond Lambis' rights were violated when the U.S. Drug Enforcement Administration used such a device without a warrant to find his Washington Heights apartment. "Absent a search warrant, the government may not turn a citizen's cell phone into a tracking device," U.S. District Judge William Pauley wrote.


I am a bit of a cynic on what motivates big medicine. This is big business and like all business it all boils down to the money. The ACA is set up so there is no reason to control costs and here is why.

An insurance company must spend 90% of policy premiums on healthcare. If they exceed 10% on non-healthcare they have to pay a rebate to the policy holders. On the surface that sounds "good". The thing is virtually all the competition in insurances wants to have their 10% bigger - even the non-profits. So they have to balance growing that 10% while competing with other insurance companies. If everyone's rates go up 40-50% it's just an increase in costs right?

If they want that 10% to be 200 million rather than 100 million, they will allow the rates being charged to them to go up so they can charge more for the policy and therefore earn more on the same number of policies. And then people will say "well then someone will just come along and negotiate a better deal." Sure that can and does happen. And sure there are regional operators with lower cost plans - for those "in network". If you don't mind waiting on a list and driving an hour for any sort of Dr visit that works. But lets get real that is why things like the price on Insulin and Epipens have also been allowed to soar. If I go to Canada and buy "retail" - i.e. no insurance - I pay less than my deductible in the US.

Honestly I would not be one bit surprised if there wasn't collusion going on. "But that would be illegal..." Sure and it wouldn't be the first time it's happened in business. It wouldn't be close to the first time.

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