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June 30th is Approaching Quickly
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Is Medicare Advantage the Key?
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Steve Forbes' comments. Click here to read.
This is why I have never believed that Medicare Advantage would fade away.
On one hand, the carriers would compete aggressively. On the back end, competition among Medicare Advantage carriers are so large, the Medicare population is so important, that they could extract savings from healthcare providers.
The idea of getting everyone on the same page is almost inconceivable, you would need a party to be large enough to drive the coordinated, collective costs down. Our system is so fragmented among big, credible parties, and each passing day proves that a political solution is untenable.
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World's Most Unenviable Job
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The One on the Right is Stuck, Big Time
Feb 27: Fed gradually increasing interest rates
May 17: Powell described the pandemic as having caused “a level of pain that is hard to capture in words.” Comment: he's not to blame for switching course, the switch was due to COVID19.
May 18: 60 Minutes: "Well, I would say the main thing is to get back on the road to recovery. And I think that can happen relatively soon, likely to happen in the second half of the year." Comment: ok, so there's going to be a rebound
June 10: Fed Officials Project No Rate Increases Through 2022 Comment: ok, when I said rebound, I didn't say a very good one.
Basically, if they tell you how bad it is, consumer confidence declines, and people stop spending, creating further declines. So you need to dig HARD to get the actual facts. But, under fire, he knows history is watching.
Press Conference on June 10:
”It’s just going to be very hard to say. But my assumption is that there will be a significant chunk, well into the millions—I don’t want to give you a number because it’s going to be a guess—but well, well into the millions of people who don’t get to go back to their old job. In fact, there may not be a job in that industry for them for some time. There will eventually be, but it could be some years before we get back to those people finding jobs.”
A couple of weeks ago, I posted comments from my old professor, and former Fed governor Kroszner. Did Fed Chairman copy and paste? I'd say it's probably more that it is that obvious....
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