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revelarts
10-16-2013, 11:12 AM
Big Pharma, Big Insurance and the traditional medical establishment hospital care system



Obamacare Will Bring Drug Industry $35 Billion In Profits
Despite expiring patents on blockbuster drugs and a wave of new regulation from the Affordable Care Act that will cost drug makers, the pharmaceutical industry will reap between “$10 billion and $35 billion in additional profits over the next decade,” a new analysis shows.
The health law, which will bring millions of uninsured Americans health benefits beginning in January 2014, will be a critical boon to pharmaceutical industry balance sheets, increasing revenue by one-third by the end of the decade, according to a new report from research and consulting firm GlobalData of London. That means the U.S. pharmaceutical industry’s market value will mushroom by 33 percent to $476 billion in 2020 from $359 billion last year.


The increase in sales and profits comes amid a wave of expiring patents on some of the industry’s most popular brand name drugs such as Lipitor from Pfizer (http://www.forbes.com/companies/pfizer/) PFE +1.71% (http://www.forbes.com/companies/pfizer/) (PFE), the blood thinner Plavix sold by Bristol-Myers Squibb (http://www.forbes.com/companies/bristol-myers-squibb/) BMY +2.45% (http://www.forbes.com/companies/bristol-myers-squibb/) (BMY), the diabetes drug Actos from Eli Lilly (LLY) and Takeda Pharmaceuticals as well as various cholesterol treatments sold by Abbott Laboratories (http://www.forbes.com/companies/abbott-laboratories/) ABT +5.78% (http://www.forbes.com/companies/abbott-laboratories/) (ABT) and its recently spun off proprietary business AbbVie (http://www.forbes.com/companies/abbvie/) ABBV +1.61% (http://www.forbes.com/companies/abbvie/) (ABBV). In large part because of competition from cheaper generic drugs, a report last year from IMS Health (http://www.forbes.com/health/), for example, said pharmaceutical manufacturers will see “minimal growth in their branded products through 2016.”
But the health law will pave the way for a major rebound in sales with an estimated $115 billion in new business over a 10-year period. Enrollment in the Medicaid health insurance program alone is expected to increase by about 19.5 million people, GlobalData said.
“The (Affordable Care Act) represents a dramatic transformation in the fortunes of pharmaceutical companies in what is the world’s largest market for prescription drugs,” said Joshua Owide, head of GlobalData’s industry dynamics team in a statement to Forbes. “This reform was inevitable in the US, and while a number of the changes will negatively impact pharma’s fortunes, the overall balance could be positive, thanks to an additional 32 million formerly uninsured citizens becoming potential customers, resulting in up to $115 billion of new business over a period of 10 years.”


http://www.forbes.com/sites/brucejapsen/2013/05/25/obamacare-will-bring-drug-industry-35-billion-in-profits/


....
Hospitals and other health care providers have been applauding the Supreme Court ruling. Why? Because, like it or not, the Act adds millions of new customers to their market and a way for insurance companies to pay for services. That can only mean more business for them. To me, that means growth. Maybe you're not in the health care business. But that doesn't mean that the health care business can't do business with your business. Growing organizations will still need help with office supplies, technology (http://www.inc.com/technology?lc=int_mb_1001), waste removal, capital equipment, even landscaping. Smart business owners I know hitch themselves with growing industries and promote services to them. This way they grow together.

http://www.inc.com/gene-marks/health-care-reform-business-opportunities-11-ways-to-profit.html/1



ObamaCare Enriches Only The Health Insurance Giants and Their Shareholders
So far in 2013 the value of the S& P health (http://www.forbes.com/health/) insurance index has gained 43%. Thats more than double the gains made in the broad stock market index, the S & P 500. The shares of CIGNA are up 63%, Wellpoint 47% and United Healthcare 28%. And if you go back to the early 2010 passage of ObamaCare, you will find that Obama’s sellout of the public interest has allowed the public companies the ability to raise their premiums, especially on small business, dramatically multiply their profits and send the value of their common stocks up by 200%-300%. This is bloody scandalous and should be a cause for concern even as the Republican opponents of the bill threaten the close-down of the government.
We warned you back on December4, 2009 in my blog ” The Horrendous Truth About Health Care Reform” that the Obama White House was handing a “ free ride for the health insurance industry” that would allow premium hikes of 8%-10% a year by CIGNA, Humana (http://www.forbes.com/companies/humana/) HUM +1.78% (http://www.forbes.com/companies/humana/), Aetna (http://www.forbes.com/companies/aetna/) AET +1.23% (http://www.forbes.com/companies/aetna/), UnitedHealth Group (http://www.forbes.com/companies/unitedhealth-group/) UNH +1.99% (http://www.forbes.com/companies/unitedhealth-group/) and Wellpoint, and as well a $500 billion taxpayer subsidy, a half trillion dollars without any requirement that the health insurers had to spend the subsidy on medical care. Several US Senators including Jay Rockefeller of West Virginia spoke to me openly of the outrageous sellout being foisted on the nation’s uninsured citizens.
At the time I wrote, Goldman Sachs research operation estimated that the 5 giants would increase profits by 10% a year from 2010 to 2019, sending their shares up an average of 59%. In truth, the shares of CIGNA and some others are up a multiple of several times since the contest was resolved by a very tight vote in early 2010. One startling reason for this amazing performance was that Obama took off the table “proposals to significantly reduce health care costs” as the giveaway in getting the bill through, according to Ron Susskind’s best-selling book ,”Confidence Men,” which I wrote about in a blog on September 24, 2011. ( “Obama’s Incoherent Policy (http://www.forbes.com/policy/)-Making”) Some 3 years later, UnitedHealthCare Group(UNH) was rewarded by being added to the elite list of the Dow 30 industrials.
http://www.forbes.com/sites/robertlenzner/2013/10/01/obamacare-enriches-only-the-health-insurance-giants-and-their-shareholders/

bingster
10-16-2013, 11:31 AM
Awesome and informative post.

Unfortunately, only the bad news seems to get out. I find it hypocritical that conservatives are angry over Cleveland Clinic cuts due to cuts in Medicare, while at the same time they scream for cuts in Medicare. I don't know if this story has been spoken of on this forum or not.
http://www.usnews.com/news/articles/2013/09/18/citing-obamacare-cleveland-clinic-to-cut-300m-warns-of-layoffs?s_cid=rss:citing-obamacare-cleveland-clinic-to-cut-300m-warns-of-layoffs
Citing Obamacare, Cleveland Clinic to Cut $300M, Warns of Layoff

aboutime
10-16-2013, 01:26 PM
You will soon learn. There were NO WINNERS.
Instead, you should have announced WHO the LOSERS ARE. As in THE AMERICAN PEOPLE.

Trigg
10-16-2013, 02:37 PM
Awesome and informative post.

Unfortunately, only the bad news seems to get out. I find it hypocritical that conservatives are angry over Cleveland Clinic cuts due to cuts in Medicare, while at the same time they scream for cuts in Medicare. I don't know if this story has been spoken of on this forum or not.
http://www.usnews.com/news/articles/2013/09/18/citing-obamacare-cleveland-clinic-to-cut-300m-warns-of-layoffs?s_cid=rss:citing-obamacare-cleveland-clinic-to-cut-300m-warns-of-layoffs
Citing Obamacare, Cleveland Clinic to Cut $300M, Warns of Layoff




I scream for cuts to Medicaid, especially for those lazy asses who receive it instead of getting a job.

bingster
10-16-2013, 02:52 PM
I scream for cuts to Medicaid, especially for those lazy asses who receive it instead of getting a job.

Like the nice folks who work for McDonalds and Walmart? Those companies appreciate the tax payers subsidizing their work force, while at the same time, you rail against raising the minimum wage. Kind of a self full-filling professy, eh? No minimum wage, more spending in Medicaid. The corporations know who to laugh at, while you vote for their candidates. Fun fun fun!

aboutime
10-16-2013, 02:53 PM
I scream for cuts to Medicaid, especially for those lazy asses who receive it instead of getting a job.


Trigg. Kinda funny how bingster just managed to NOT mention the FRAUD, WASTE, and ABUSE in Medicaid which, by some coincidence, manages to make it cost so much more. Giving those Lazy asses the opportunity to BREAST-FEED off of the rest of America who doesn't cheat, lie, and steal.

bingster
10-16-2013, 02:55 PM
Trigg. Kinda funny how bingster just managed to NOT mention the FRAUD, WASTE, and ABUSE in Medicaid which, by some coincidence, manages to make it cost so much more. Giving those Lazy asses the opportunity to BREAST-FEED off of the rest of America who doesn't cheat, lie, and steal.

I've always been for investigating Waist, Fraud, and Abuse. You cons going to pay for it? I've seen studies that say that it would pay for itself, but I don't see your politicians wanting to pay more for anything!

bingster
10-16-2013, 02:57 PM
Trigg. Kinda funny how bingster just managed to NOT mention the FRAUD, WASTE, and ABUSE in Medicaid which, by some coincidence, manages to make it cost so much more. Giving those Lazy asses the opportunity to BREAST-FEED off of the rest of America who doesn't cheat, lie, and steal.

Sure, it costs more and more and McDonald's and Walmart don't care either way. You'll keep paying for their workforce and cheer lead those who fight to keep minimum wage from going up. Typical cross purposes of your ideology. Fun to watch you vote against your own self interest. :dance:

aboutime
10-16-2013, 03:04 PM
Sure, it costs more and more and McDonald's and Walmart don't care either way. You'll keep paying for their workforce and cheer lead those who fight to keep minimum wage from going up. Typical cross purposes of your ideology. Fun to watch you vote against your own self interest. :dance:


bingster. Do you have any idea what you THINK you are talking about?
What has any of what you claimed above got to do with the WASTE, FRAUD, and ABUSE of Medicare?.....Unless of course. YOU happen to be ONE of those who is Abusing, Defrauding, or Wasting my tax dollars for you to claim all sorts of pain...on OUR DIME.

glockmail
10-16-2013, 03:42 PM
Good read. Stole it.

fj1200
10-16-2013, 04:05 PM
Like the nice folks who work for McDonalds and Walmart? Those companies appreciate the tax payers subsidizing their work force, while at the same time, you rail against raising the minimum wage. Kind of a self full-filling professy, eh? No minimum wage, more spending in Medicaid. The corporations know who to laugh at, while you vote for their candidates. Fun fun fun!

Umm, they are by definition not the "lazy asses" referred to. But the problem with just raising the minimum wage is that employees are not magically more productive by whatever percentage raise that they would get. If you want to raise the real wages of those at the bottom of the scale you should raise the demand for their labor or lower the supply of low wage workers. This can be accomplished by instituting growth policies, i.e. tax cuts, and by minimizing illegal immigrants that compete directly with them for jobs. Neither of those are Democrat positions IIRC. What say you?

aboutime
10-16-2013, 04:09 PM
Actually bingster. YOU will be among the so-called WINNERS in Obamacare come January 1st, 2014.

Hope you have hidden your piggy bank, and closed out your bank accounts since...Obamacare will be authorized to Visit your accounts...via the IRS, and Mister Obama will happily oversee the withdrawal, and GARNISHMENT of your personal funds to pay the FINE.....I mean...tax you don't intend to pay.

bingster
10-16-2013, 04:28 PM
bingster. Do you have any idea what you THINK you are talking about?
What has any of what you claimed above got to do with the WASTE, FRAUD, and ABUSE of Medicare?.....Unless of course. YOU happen to be ONE of those who is Abusing, Defrauding, or Wasting my tax dollars for you to claim all sorts of pain...on OUR DIME.

You're the one who brought up Waste Fraud and Abuse, not me.

bingster
10-16-2013, 04:29 PM
Actually bingster. YOU will be among the so-called WINNERS in Obamacare come January 1st, 2014.

Hope you have hidden your piggy bank, and closed out your bank accounts since...Obamacare will be authorized to Visit your accounts...via the IRS, and Mister Obama will happily oversee the withdrawal, and GARNISHMENT of your personal funds to pay the FINE.....I mean...tax you don't intend to pay.

No need for that. I'm perfectly happy with my veteran bennies. They'll have to go fish.

aboutime
10-16-2013, 04:30 PM
You're the one who brought up Waste Fraud and Abuse, not me.


You're the one who IGNORED the Waste, Fraud, and Abuse. Doesn't matter, but nice liberal try like Obama...blaming Bush.

bingster
10-16-2013, 04:40 PM
Umm, they are by definition not the "lazy asses" referred to. But the problem with just raising the minimum wage is that employees are not magically more productive by whatever percentage raise that they would get. If you want to raise the real wages of those at the bottom of the scale you should raise the demand for their labor or lower the supply of low wage workers. This can be accomplished by instituting growth policies, i.e. tax cuts, and by minimizing illegal immigrants that compete directly with them for jobs. Neither of those are Democrat positions IIRC. What say you?

But what cons refuse to learn is that over 90% of people receiving Medicare, Medicaid, or Social Security (Romney's 47%) are elderly, disabled, or working.

You listen to Republican ads and listen to conservative bloggers and all you hear is complaining about less than 10% of the country. Meanwhile, they advocate slashing and thrashing those entitlements, ignoring that north of 90% number.


http://www.washingtonpost.com/blogs/ezra-klein/files/2012/09/2-10-12bud-f1.jpghttp://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/18/who-receives-benefits-from-the-federal-government-in-six-charts/
http://cdn.theatlantic.com/static/mt/assets/politics/nonpayers.banner.taxfound.jpg
This is always fun to look at. Romney's 47%
http://www.theatlantic.com/politics/archive/2012/09/where-are-the-47-of-americans-who-pay-no-income-taxes/262499/

tailfins
10-16-2013, 05:10 PM
Sure, it costs more and more and McDonald's and Walmart don't care either way. You'll keep paying for their workforce and cheer lead those who fight to keep minimum wage from going up. Typical cross purposes of your ideology. Fun to watch you vote against your own self interest. :dance:

Obamacare is a ripoff. In my case the incentive is to go uninsured! When employers offer to deduct $18,000+ from your paycheck and you say "no, thank you", you are disqualified from buying the SAME POLICY 40% cheaper on the exchange. Since the $18,000+ exceeds 8% of my income, I get an exemption from the penalty. The old system is MUCH better.

fj1200
10-17-2013, 07:55 AM
But what cons refuse to learn is that over 90% of people receiving Medicare, Medicaid, or Social Security (Romney's 47%) are elderly, disabled, or working.

You listen to Republican ads and listen to conservative bloggers and all you hear is complaining about less than 10% of the country. Meanwhile, they advocate slashing and thrashing those entitlements, ignoring that north of 90% number.

This is always fun to look at. Romney's 47%

So no actual comment on the issues at hand and just rehashing some talking points? Your much heralded return is fizzling. Entitlements are what will be "thrashing" the budgets in the out-years. Comments??? or talking points???






Oh, and sorry for having to oppose you and your "leftie" policies. I need to bone up my "righty" cred to some around here. It's an agenda thing. ;)

Trigg
10-17-2013, 08:46 AM
But what cons refuse to learn is that over 90% of people receiving Medicare, Medicaid, or Social Security (Romney's 47%) are elderly, disabled, or working.

You listen to Republican ads and listen to conservative bloggers and all you hear is complaining about less than 10% of the country. Meanwhile, they advocate slashing and thrashing those entitlements, ignoring that north of 90% number.


http://www.washingtonpost.com/blogs/ezra-klein/files/2012/09/2-10-12bud-f1.jpghttp://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/18/who-receives-benefits-from-the-federal-government-in-six-charts/
http://cdn.theatlantic.com/static/mt/assets/politics/nonpayers.banner.taxfound.jpg
This is always fun to look at. Romney's 47%
http://www.theatlantic.com/politics/archive/2012/09/where-are-the-47-of-americans-who-pay-no-income-taxes/262499/


always with the medicare and SS as an entitlement argument. I and every other working person pays into and should receive those benefits, otherwise the government needs to stop taking it out of my paycheck.

The problem with entitlements and fraud comes from medicade, food stamps, WIC, housing benefits, free lunches, free college.

Those are the benefits that are breaking this country.

fj1200
10-17-2013, 09:05 AM
always with the medicare and SS as an entitlement argument. I and every other working person pays into and should receive those benefits, otherwise the government needs to stop taking it out of my paycheck.

The problem with entitlements and fraud comes from medicade, food stamps, WIC, housing benefits, free lunches, free college.

Those are the benefits that are breaking this country.

What is breaking the country is spending that has grown too fast and revenues that have been far below what they have been historically to GDP. What will break our budget in the out years is that entitlements, or whatever you want to call them, have been promised in far greater scale than will be received in revenues.


http://www.heritage.org/static/reportimages/51466D90E75563976ABDCF2304B7E909.gif

A dated graph so it doesn't take into account BO's budgets but the entitlement aspect has not changed.

bingster
10-17-2013, 11:32 AM
always with the medicare and SS as an entitlement argument. I and every other working person pays into and should receive those benefits, otherwise the government needs to stop taking it out of my paycheck.

The problem with entitlements and fraud comes from medicade, food stamps, WIC, housing benefits, free lunches, free college.

Those are the benefits that are breaking this country.

Wrong, Medicaid is part of it, but the rest of what drives cons crazy is small potatoes. We need to reform SS/Medicare/Medicaid. Up the Waste/Fraud/Abuse security on all.

aboutime
10-17-2013, 03:29 PM
always with the medicare and SS as an entitlement argument. I and every other working person pays into and should receive those benefits, otherwise the government needs to stop taking it out of my paycheck.

The problem with entitlements and fraud comes from medicade, food stamps, WIC, housing benefits, free lunches, free college.

Those are the benefits that are breaking this country.



Trigg. What the poor liberal, democrats always use as more reasons to avoid actually talking, or discussing the other BIG TICKET items...they need to keep going to support their endless dependency on Big Government...like Obamacare.
They don't care about what happens to the country, or their neighbors as long as IT DOESN'T AFFECT THEM in their pocket, bank account, or expected delivery in the mail each month.

Drummond
10-17-2013, 03:39 PM
Oh, and sorry for having to oppose you and your "leftie" policies. I need to bone up my "righty" cred to some around here. It's an agenda thing. ;)

Ah, that explains it ! Thanks for the explanation, FJ.

By the way .. I see you 'stand w/ Lady Thatcher' ...?

Congratulations on amending the 'Thatcher' jibe in another post, to now give her a more respectful title. This is as it should be.

But if you really do stand with Lady Thatcher .. are you aware that her ashes are buried next to her husband, Denis ? So, if you really do 'stand w/' her ... I suspect you are running the risk of getting arrested ?

Just thought I'd point it out, FJ.

Have a nice day ...

fj1200
10-17-2013, 03:45 PM
Ah, that explains it ! Thanks for the explanation, FJ.

By the way .. I see you 'stand w/ Lady Thatcher' ...?

Kind of a dolt aren't you? I don't recall ever NOT standing with Mags. :slap:

Trigg
10-17-2013, 03:45 PM
Wrong, Medicaid is part of it, but the rest of what drives cons crazy is small potatoes. We need to reform SS/Medicare/Medicaid. Up the Waste/Fraud/Abuse security on all.


What part of the RAMPANT abuse of food stamps, WIC, housing supplements, free lunches and college are small potatoes. There is a HUGE problem with the abuse in these programs.

Only recently have they started rechecking income in Indiana. Up until 2 yrs ago they checked income for a child in 8th grade, if they qualified for free college at that time, they never checked again.

This is not small potatoes.

Medicare and SS are paid for by the beneficiaries, a percentage is given to people who are mentally handicapped.

Personally I am all for reforming SS, but the dems will have none of that. STOP taking it out of my paycheck and I will invest it as I see fit.