As I pay my hefty health insurance premiums ( I could buy a new car every year with what it costs our family to purchase insurance) I saw this article:
British Fear "American Style" Health Care System
As leaders debate ways to reform healthcare, politicians repeatedly tell a worried public that Britain will not turn the National Health Service into an 'American-style' private system.
American Style Health Care terrifies the British and as the government is looking to overhaul their system, people are most frightened of the imposition of an "American Style" system. The system with the highest cost, some of the worst outcomes in the industrialized world and where people lose their homes because of health care related bankruptcy.
"Ask a Briton to describe "American-style" healthcare, and you'll hear a catalog of horrors that include grossly expensive and unnecessary medical procedures and a privatized system that favors the rich. For a people accustomed to free healthcare for all, regardless of income, the fact that millions of their cousins across the Atlantic have no insurance and can't afford decent treatment is a farce as well as a tragedy."
I fear our "American Style Health Care", too, but I find it interesting that the British system with all of it's warts and costs, is far more preferable to them than an American Style system.
Happy Friday everyone!
ReplyDeleteI just had to share this. I couldn't stop laughing, and I thought we could all use some humor :-)
http://www.youtube.com/watch_popup?v=EVwlMVYqMu4&vq=medium#t=125
Good one, Thor!
ReplyDeleteSo off we go to the races, one more day.
Here's to Green!
@Dss
ReplyDeletegood thoughtful post, Dss.
Having 3 MD's in the family, each has a different perspective on the flaws of the system. And being here in Sing with some medical needs of my own, I have yet a different perspective on this system here.
I think it will take a few years to sort out, but I'm thinking the information age is about to invade the medical community. In the past, you were a captive of the local system. But hospitals figured this out, and farmed out reading x-rays to India. (Whether this met ISO 9001 quality is still up for debate). But this has introduced the information age medical care system.
soon, there will be a Craigslist for medical care. This will dramatically reduce the cost and improve the quality of care. If you're sick, you will post your sickness and the interested parties will post their cure and your cost. There will be arrangements for people who are not mobile (like heart transplants) and the doctors supplying the service will be the mobile elements.
The system will change. The current system is not sustainable, from a cost/benefit veiwpoint, and from an accessibility viewpoint.
Soon, I won't have to worry about finding gangs selling body parts on the internet. I am truly looking forward to that time. Doctors will have their star ratings, like sellers do now on Amazon or Craigslist.
It will improve, beyond your wildest dreams.
Happy Birthday To Mannwich. Older, but not necessarily wiser. Body definitely aches more though.
ReplyDeleteGreat post, Denise. But I do know that those at the very top of the global food chain who've made out the most (by far) over the past 30-40+ years must never, EVER be asked to sacrifice anything for the greater good. They're entitled to everything they have and more and bear no responsibility to the communities where they got wealthy in the first place.
ReplyDeleteRamp up today? Early '08 is back in a different shade.
ReplyDeleteMight take a shot at RIMM on the long side soon, as Rock suggested. If I were still shorting it, would have probably covered this morning. Due for a bounce.
ReplyDeleteGermany blinks today. A temporary fix (I guess everything is "temporary" though?):
ReplyDeletehttp://www.calculatedriskblog.com/2011/06/morning-greece-merkel-agrees-to.html
Michael Hudson nails it. Again. Do people not see this? Still?
ReplyDeletehttp://www.nakedcapitalism.com/2011/06/michael-hudson-free-money-creation-to-bail-out-financial-speculators-but-not-social-security-or-medicare-or-you-know-its-bad-when-michelle.html
The richest among us who've mostly benefitted off of THIS very system, by far, should be the ones to "sacrifice" first and foremost, by far, as well. What am I missing? Wake up, Rip van Sheeple, before it's too late.
Shared "burden" nowhere to be found. No wonder why they're smiling.
ReplyDeletehttp://www.nytimes.com/2011/06/18/business/global/18euro.html?_r=1&hp
Great post by BR this morning:
ReplyDeletehttp://www.ritholtz.com/blog/2011/06/news-flash-the-emperor-has-no-clothes/
@jeff,
ReplyDeleteHappy Birthday. As Rock mentions, it's good to wake up. It's a privilege, not a right.
ICan
The real story behind oil's drop may be that the Yemen revolution may be coming to an end.
ReplyDeleteAl-arabiya and the businessinsider are reporting, Saleh is not going home.
"Yemen revolution is over. President Saleh will not return to Yemen, says Saudi official"- businessinsider.com
ICan
Totally agree, I Can. Gorgeous day outside too. Think I'll have to get out for a little extra today and this weekend. Thanks a lot!
ReplyDeleteFunny, joke, or WTF?
ReplyDelete"China's most audacious rip-off: an entire Austarian town is being reproduced. The people of Hallstatte up in arms" - businessinsider.com
I know their is joke in India, "Indians are good at coping". We can laugh at ourselves. Sad!
Creativity comes from FREEDOM!
ICan
Anyone watching AAPL - Greg is forsure.
ReplyDelete$322 - below 200dma.
ICan
Morning folks! Great post Denise! The best piece of advice my other half gives folks after 15 years inside the "Health care" Industry is to avoid it at all costs if you can. Most especially the pharmaceuticals. That's pretty sobering news to most people coming from a pharmacist.
ReplyDeleteI agree with that, Thor. It's one of my biggest motivators for staying healthy. Namely to be forced to use that system as much as possible. I also would like to live a longer, healthier life, but avoiding this system is a BIG (spiteful) motivator for me.
ReplyDeleteICan, still above the 50 on the weekly. Watch for bounce this afternoon.
ReplyDeleteTo be forced to NOT have to use that system...
ReplyDeletePay attention Manny.
Wall Street laying off again?
ReplyDeletehttp://dealbook.nytimes.com/2011/06/16/as-profits-wane-wall-street-braces-for-new-layoffs/?hp
More QE please.
Manny - why is Wall Street bracing for layoffs while at the same time saying this is just a slow down? Do they know something we don't? Actually, they probably know something we DO know and that's why they're getting ready to lay off. . . .
ReplyDelete@Mannwich!!!!
ReplyDeleteWow, it's your birthday???!!!??
So so happy happy!
I was going to stop drinking today, but now that I know it's your birthday, well, I gotta go get another bottle of glenlivit.
BTW, glenlivit here costs $197. Jesus.
But, for you, well, it's worth it!
I promise to think of you as I strain it through my kidneys.
BTW, that discomfort you refer to is called "pre-diabetes". Basically, the more you sleep, the more discomfort you feel.
Welcome to the older crowd.
Manny I missed that!! Happy Birthday Buddy!
ReplyDeleteThirty Eleven right?
What are we in now Gemini? You seem pretty sane to me for a Gemini Manny! ;-)
Thanks guys. LOL Rock. Yes, I'm sure I'll be having a few drinks this weekend. Might start early, actually. Thirty Eleven is right.
ReplyDeleteHitting the horse races tomorrow for a day of watching and gambling on the ponies. Might play some cards while there too. We were going to rent a boat and hit Lake Minnetonka but the weather is just too unreliable. Thunderstorms in the forecast so we'll go watch the ponies run instead.
@Thor: I wonder if that's Wall Street's way of extorting Benny, Timmy and the O-man for some more QE and/or lighter regulations? Can't go hard on the banks now or everything well go to shit. That's their weak rationale anyway.
Manny -ah, I hadn't thought of that. Turning the algos down so that the feds are scared into doing whatever Wall Street wants. Lucky us :-/ They already do whatever they want, maybe this is their way of getting rid of Elizabeth Warren for good.
ReplyDelete@Thor: Part of me thinks they did that a bit the last crisis too, and maybe the one before that. It's straight out of the Chicago School's playbook. Welcome to "Disaster Capitalism". It's all in "The Shock Doctrine" if you want to read it. Foment and create disasters which allow TPTB to grab even more of what they want from the scared shitless Sheeple (wow, holly alliteration, Mannwich!)
ReplyDeleteI'm seeing more and more smart, informed people knocking down the idiots parroting back Plutocrat talking points in the comments sections of a lot of the stories I've been reading online lately. Politico specifically in this case. Very nice to see for a change! I love to see people exposing propaganda for what it is.
ReplyDeleteMaybe that's something we CAN do to try to help change things? Point people to the truth and do our part to counter the idiocy we see reporting in the MSM and elsewhere.
Nasdaq in the red . . .
ReplyDeleteWowzers - they're trying to get Elizabeth Warren to run against Scott Brown in Mass! Now wouldn't THAT be a nice consolation prize for her!
ReplyDeleteIf the D's were smart, they would get her to run, and then immediately appoint her to head all the financial committees in the Senate on day one.
ReplyDeleteExcellent article over at NC - Yves is on fire lately!
ReplyDeletehttp://www.nakedcapitalism.com/2011/06/michael-hudson-free-money-creation-to-bail-out-financial-speculators-but-not-social-security-or-medicare-or-you-know-its-bad-when-michelle.html
Free money creation to bail out financial speculators bot not social security and medicare
Rock - $200 for a bottle of booze, ghee whiz that is spendy.
ReplyDeleteThere are more things on this planet that do not know then I do know.
But I do have a couple secrets when it comes time for picking out adult beverages and am happy to share them with you - This works great with most wines and beers, but not so much with the Spirits.
When you pick up a bottle of wine and hold it in your hand, turn it around until you can see the "Alcohol Content" if this is above 12% and the cost of the wine is under $7 - Buy this wine as it is a quality product.
The same works great for beer, the higher the alcohol content and the lower means the better the buy..
Now the first couple sips your taste buds might fight you and your stomach might fight you, but after a couple glasses, you won't care enuff to notice - Also I said "sips" but it really is in your best interest just to slam the first couple glasses down as fast as possible so you can get the “won’t care” stage quicker.
If you follow these few simple steps your live may hate you, but your wallet will love you.
Mangy Mutt
Does ANYONE care if Wall Street layes people off?
ReplyDeleteI am not sure how this is even news worthy.
If they were going to up grade their HFT computers Now that would be news worthy.
But what do these people do?
How many of them will be let go?
And most importantly why do I care?
Mutt
@Thor: I think that's as a way for the Corporatist Dems (which means basically 95% of them now) to neutralize or neuter Warren on the banking stuff, so I wouldn't get too excited about it. I don't think she'd like the Senate very much. Very entrenched in the establishment for the most part and interested in keeping the status quo in everything, including the banks. That's also been Yves Smiths take on her running for Senate over at NC.
ReplyDeleteManny - Who said anything about her staying in the Senate for more than one term? ;-) There are elected office above that I think she'd be a great fit for.
ReplyDeleteI know I know, never gonna happen. A boy can dream right?
You know folks - another possibility for the market moving forward is the same slow grind down that we've seen on the way up. . . It IS possible that we could get through this and NOT see a huge crash I think.
ReplyDeleteWell, what do we have here? A politician actually "doing the right thing"?
ReplyDeletehttp://www.buzzfeed.com/gavon/republican-new-york-senator-comes-out-for-gay-marr
Sorry,
ReplyDeleteBusy day again. Happy Birthday, Manny! Go and have a great time celebrating especially if the weather cooperates.
We have warm and humid here today, but very nice.
Rock,
ReplyDeleteFrom yesterday,
Yes, thanks for the info on the wood. We are still not real happy with the outcome despite the wait time as the windows are not made of the same wood all over... Some is a little lighter even with a much heavier application of stain just on those parts.
Oh well.
Rock,
ReplyDeleteI just thought that the article was funny. How horrified at even the thought of "the American Style" system in Britain, whose system is rated one of the worst in Europe.
@Denise: The link to the article appears to be broken - FYI.
ReplyDeleteManny,
ReplyDeleteThanks, it should be working now.