2 Ekim 2012 Salı
Urgent Care Centers Booming : The Free Market at Work
History has a way of lighting the dark areas brought by progressive socailists.
Urgent Care Centers Are Booming
Source: Phil Galewitz, "Urgent Care Centers Are Booming, Which Worries Some Doctors," Kaiser Health News, September 17, 2012.
October 1, 2012
A person that has a minor illness no longer has to go to a clinic and wait in long lines to be seen by a doctor. Urgent care centers are rapidly expanding, opening in convenient locations such as shopping centers and big-box stores like Walmart and Target, says Kaiser Health News.
The convenience with which patients can access care for minor ailments makes urgent care centers are the next big thing in medicine.
•An estimated 3 million patients visit urgent care centers each week.
•Since 2008, the number of facilities has increased from 8,000 to 9,300. This excludes limited walk-in clinics in pharmacies and big stores.
•Growth is expected to accelerate as the health care system experiences stress from the Affordable Care Act's implementation.
•A study found that one in five visits to the emergency room can be treated at an urgent care center, saving up to $4.4 billion annually in health care costs.
Many people find the convenience of urgent care centers to be particularly attractive. They are conveniently located and provide hours of operations that most clinics do not. So while a traditional doctor's office may close at 5 p.m., urgent care centers are open in the evening and on weekends. The lower costs are also a selling point to consumers.
Patients can get X-rays, urine samples and blood work done at these centers in a very efficient manner. At some centers, employees monitor how long people have been waiting to ensure that no patient has to wait longer than an hour.
The rise in urgent care centers has caught the eye of insurers who have added these centers to their provider networks. One insurance provider, Humana, went as far as to purchase Cocentra, the nation's largest chain of 324 urgent care centers.
Medical Students Knowledge of ObamaCare Scary
ObamaCare will be the most 'reality check' the new doctors will ever face. They will either embrace it and be satisfied with it's restrictions or rebel by starting 'off line' business or leave the profession all together.
Medical Students Lack Knowledge of Health Care Overhaul
Source: "Medical Students Lack Knowledge of Health Care Overhaul," Reuters, September 25, 2012. Tyler N. A. Winkelman, Ryan M. Antiel et al., "Medical Students and the Affordable Care Act: Uninformed and Undecided," Archives of Internal Medicine, September 2012.
October 2, 2012
Many medical students have shown they don't fully grasp the tenants of the Obama administration's health care law. This is problematic because these future doctors are directly affected by the law and are the ones that need to implement many of its provisions, says Reuters.
Admittedly, all the fault is not of the individuals, but rather the education they receive in medical school. Classes focus heavily on the science of health rather than the political dimension of providing health care.
A survey was recently taken of about 850 medical students in Minnesota to assess the extent of the knowledge that medical students have about the new law. Forty percent they had no opinion about the law -- most likely because there was a lack of understanding about it.
In January 2011, an online survey of about 1,235 medical students was taken. About 843 students, or 68 percent, responded back with their answers.
•Forty-eight percent said they understood the basic components of the law.
•On the other hand, 40 percent of students said they did not.
•Furthermore, 47 percent of students said they supported the law. This is close to the same proportion of people who said they understood the basic components of the law.
•Only 13 percent of respondents said they didn't support the law.
•About 69 percent agreed that doctors were obligated to play a role in its implementation. This includes people that disagreed with or didn't have an opinion on the law.
Researchers found the students that identified themselves as liberals were more likely to support the law and argue that they were responsible for its implementation. They also found that students who understood the law were more likely to support it.
Many in the medical field hope that schools will begin to supplement their curricula with information about health policy. Some ways a school can incorporate education about health policy is to offer courses during a student's preclinical years, workshops, online education or assign independent reading.
Medical Device Tax Drives Jobs Out, Unemployment Up
Wrong, there are a lot of people that still have the spirit of accomplishment and common sense to know it is being destroyed by progressives. This November it can be turned around by voting out the problem.
ObamaCare's Tax Raid on Medical Devices
Source: Evan Bayh, "Evan Bayh: ObamaCare's Tax Raid on Medical Devices," Wall Street Journal, September 27, 2012.
October 2, 2012
The industry responsible for pacemakers, chemotherapy systems and defibrillators is now facing a heavy tax that could cripple its ability to provide life-sustaining products. The Affordable Care Act's tax on medical devices will ruin an industry that is productive and drives the economy, says Evan Bayh, a former governor and U.S. senator from Indiana.
•More than 400,000 employees are employed in the medical device industry, not to mention another 2 million for those involved in supply and distribution.
•Average compensation is $58,188 in this industry.
•In contrast, the national average for all employment is $41,673.
•The U.S. device industry earned $5.4 billion more in exports than on imports of such devices.
The average American derives immense benefits from a thriving medical device industry. Much advancement has been made in areas such as: artificial hips and knees, devices for cancer treatment, vascular surgery, and more. However, all that is threatened by the Affordable Care Act that was recently upheld by the Supreme Court.
•There will now be a 2.3 percent tax on medical device sales.
•This equals a 15 percent tax on profits.
•Add this to a 35 percent corporate tax and state corporate taxes, the industry will have a tax rate that exceeds 50 percent.
•The result of this is being felt already -- for example, Cook Medical in Indiana has cancelled plans to build new facilities annually.
•Device maker Zimmer plans to lay off 450 workers while another device maker, Stryker, is anticipating a layoff of 1,000 workers.
•Compounding the job loss is the fact that production is moving overseas to Europe and Asia, permanently taking U.S. jobs away.
The tax was imposed under the theory that the addition of newly insured patients would cause an increase in medical devices being sold. However, that calculation ignores that medical device consumers are already covered by Medicare, Medicaid and private insurers. According to the Congressional Budget Office, there will be no increase in sales to offset the added $30 billion cost.
The tax increase will come at the expense of research and development or operations of many medical device companies. As a result, the industry will lose innovative vigor that gave it a competitive edge in the international arena.
Economic Growth, Pride Lost : Progressive's Agenda
This November show Mr Obama is wrong. Vote him out. Restore prosperity and pride in out country.
Missing in Action: Growth
Source: Steve Conover, "Missing in Action: Growth," The American, September 17, 2012.
October 2, 2012
Surrounding debates over economic policies are two issues: the growth of the national economy and the growth of federal debt; however, neither is talked about together. Republicans tend to headline the increasing size of the debt while Democrats tend to headline economic growth. This approach is flawed and not conducive to coming up with strategies to curb the federal debt, says Steve Conover in The American.
It is necessary for lawmakers to look at the two issues side-by-side to assess the best policy decisions. The national debt is tied to the nation's economic growth; if the country experiences economic growth, the national debt becomes a smaller issue relative to the economy.
•The federal debt currently sits at $16 trillion.
•A 2009 budget forecasted a real growth rate of 4.2 percent by 2013.
•However, that trajectory didn't pan out, but had it the deficit and debt would not be as much of a concern today.
With election season nearing the end, both sides are doing a poor job of highlighting the necessity of increasing growth to decrease the relative size of the debt. Republican policymakers that only respond to the state of the debt and deficit back themselves into a corner where they can only discuss what kind of spending cuts to make.
Democrats, on the other hand, ignore the question of overall debt relative to economic growth. Rather, they rely on their message of income inequality to appeal to the general public. Pandering to their respective bases, Democrats and Republicans are crowding out real discussions about increasing economic growth.
Federal Programs Spend More, Reward Less
History shows us how this works. The Stimulus? How did that work? etc, etc, etc,!!!
Which Federal Policies Help or Hurt Economic Growth?
Source: R. David Ranson, "Which Federal Policies Help or Hurt Economic Growth?" National Center for Policy Analysis, October 2012.
October 2, 2012
Many policies pursued by the Obama administration, as well as some pursued by the preceding Bush administration, have widely been thought to be stimulative. They have led instead to prolonged economic weakness, as a careful reading of history would have suggested. To turn the situation around, Washington needs to stabilize the dollar, freeze and reduce its spending, cut tax rates, and let the markets set interest rates freely, says R. David Ranson, a senior fellow with the National Center for Policy Analysis and president and director of research at H.C. Wainwright & Co. Economics.
So-called stimulus spending doesn't work:
•The faster government spending increases relative to the economy, the more slowly the economy grows; thus, excessive public spending "crowds out" spending by the private sector.
•The average dollar spent by government results in about two-thirds of a dollar of reduced private sector spending.
•As a result of stimulus spending, since its lowest point in the second quarter of 2009, real gross domestic product (GDP) has been growing at a rate far below that of previous cyclical recoveries: 1.75 percent per year through the first quarter of 2012.
Higher levels of government employment lead to the loss of private sector jobs:
•For every additional government worker, roughly half a private worker disappears, leading to a net gain of only half a worker.
•Over a three-year period, every government employee added results in a reduction in total employment of more than three workers!
Taxes:
•The fact that federal revenue has never surpassed 20 percent of GDP consistently suggests that tax rates in excess of 20 percent may well be revenue losers.
•Decades in which the top marginal rate of income tax increased were decades of inferior economic growth and stock-market performance.
•The evidence shows that reductions in marginal tax rates of 10 percentage points or more lead to higher levels of investment and higher stock prices.
Deficits and a declining dollar:
•Deficit spending does not stimulate economic growth, but it does stimulate inflation.
•Higher growth and better stock-market performance occur when the Federal Reserve creates less rather than more money. What debt monetization does stimulate is the rate at which the dollar depreciates.
•Depreciation in the value of the dollar has twice as great an effect on output as it does on employment, suggesting that one of the consequences of a decline in the dollar is lower labor productivity -- putting downward pressure on workers' wages.
1 Ekim 2012 Pazartesi
College Students (Many) Take Path of Least Resistance
It's not they're stupid, it's just they have no idea what they want to do so they take the path of least resistance, liberal arts, which directs them into careers that are of no use. What the student gets along with a worthless degree is a huge debt that they will be paying for years after they graduate.
Is College a Lousy Investment?
Source: Megan McArdle, "Is College a Lousy Investment," Newsweek, September 9, 2012.
October 1, 2012
For decades, the idea that one must get a college education was ingrained into the mind of every youth. The benefits were clear: an education that would last a lifetime, a better job and higher earning potential than people without a degree. In recent years, there has been debate over whether these supposed benefits of college are still true. Indeed, the extra time and money spent pursuing a college diploma may leave individuals worse off than they were before they set foot on campus, says Megan McArdle, a special correspondent for Newsweek.
•The costs of college are rising faster than inflation by 3 to 4 percent a year.
•Between 1992 and 2008, the number of bachelor degrees awarded rose by almost 50 percent.
•College graduates make 80 percent more than people that only have a high school diploma.
•However, new graduates have bad job prospects -- about half of all recent graduates are unemployed or in jobs that do not require degrees.
Student loans are widely available and subsidized by the government, which makes it attractive for students to go to school and accept the loans as a means of paying for it. This has allowed universities to increase the costs associated with going to school because there is a very high supply of students that can now afford to go to school.
•Schools provide high-speed internet, world-class fitness facilities, and other amenities in order to stay competitive with other schools.
•In addition, there has been a steady rise of administrators to support all types of functions the schools have and an increase in salary for professors.
•All these costs are then imposed onto the students who pay higher tuition rates.
Despite the higher costs, recent studies show that students are not learning much that would be valuable to them in the job market. Many students go to school thinking all they need is the credential of a degree, thus doing less work during their time in school.
Just as the housing market suffered from people that borrowed money to add "value" to their homes, so too will the market for higher education. On the current path, the student loan bubble will burst, causing chaos. One possible solution that deserves consideration is for the government and employers to advocate more apprentice-style programs. This would allow students to learn the skills necessary in their desired field of work without the unreasonable costs.
John Force Racing
John Force Racing 4f59f3e161d141331295201
Results for John Force Racing
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