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Archive for February 2009

$100 billion of lost revenue – flown the coop…

caymanObama To Target Tax Havens In Budget

Sam Stein stein / Huffingtonpost.com

As part of the budget that he will introduce this Thursday, President Barack Obama will call for the closure of tax havens that allow companies to pay greatly reduced tax rates, an administration official tells the Huffington Post.

The inclusion of “funding for a robust portfolio of IRS international tax compliance initiatives” could help Congress make up an estimated $100 billion of revenue that is lost when companies set up what are often P.O. box addresses in locales like the Cayman Islands.   (Read the whole story)

Real Simple – Hiding income so as not to have to pay tax dollars, it is tax evasion.

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AIG & Citi – BAD CREDIT RISK

Let us apply their same lending rules back on them.     BAD Risk – NO

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HEALTH-CARE FRAUD – A Billion Dollar Business!

hospitalmoneySince 1986 False Claims Act judgments and settlements against fraud feasors have totaled over $20 billion.  Below are the top 20 recoveries to date.   NOTE  that all 20 of the top 20 are health-care and BIG Pharma related!   These are the very companies that you rely upon…   They all inform that are looking out for your health.   They bombard your every TV hour with ads informing you of the latest drugs and procedures they have to cure all the illnesses they conjure up and then promote…    It’s really your  pocket book that they are concerned about!

 

Please consider BOOKMARKING http://www.taf.org so as to be an informed consumer!

THE TOP 20

1- Tenet Heathcare — $900,000,000 under the False Claims Act
2- HCA — $731,400,000 under the False Claims Act
3- Merck – $650,000 under the False Claims Act
4- HCA — $631,000,000 under the False Claims Act
5- Serono– $567,000,000 under the False Claims Act
6- TAP [Taketa-Abbott Pharmaceutical] Pharmaceutical Products Inc. — $559,483,560 under the False Claims Act
7- Schering Plough — $255,000,000 under the False Claims Act
8- Abbott Labs– $400,000,000 under the False Claims Act
9- Fresenius Medical Care of North America (National Medical Care) — $385,000,000 under the False Claims Act
10- Cephalon – $375,000,000 under the False Claims Act
11- Bristol Myers Squib — $328,000,000 under the False Claims Act
12- SmithKline Beecham Clinical Laboratories Inc. doing business as GlaxoSmith Kline — $325,000,000 under the False Claims Act
13- HealthSouth — $325,000,000 under the False Claims Act
14- National Medical Enterprises — $324,200,000 under the False Claims Act
15- Gambro Healthcare — $310,000,000 under the False Claims Act
16- Schering-Plough– $292,969,482 under the False Claims Act
17- AstraZeneca Pharmaceuticals — $266,127,844 under the False Claims Act
18- St. Barnabas Hospitals — $265,000,000 under the False Claims Act
19- Bayer Corporation — $257,200,000 under the False Claims Act
20- Schering-Plough — $255,000,000 under the False Claims Act

You can read all the details regarding the fraud judgements & settlements here 

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Members of Congress Offer Prescription for GM Competitive Disadvantage

rxFeb 20,2009 Healthcare-Now  –  Congressman Dennis Kucinich (D-OH) and two other Members of Congress today sent a letter to the CEO of General Motors, Mr. Richard Wagoner, Jr., to propose a different kind of auto industry rescue plan that eliminates the competitive disadvantage of inflated health care costs.

As health care costs continue to spiral out of control, the brunt is borne in large part by employers that provide health care. General Motors and other U.S.automakers have significantly higher health care costs than their international competitors — as much as $1400 per car. In the letter, Members of Congress point out that the adoption of H.R. 676, the United States National Health Care Act, would level the playing field and stimulate the economy.

Under H.R. 676, all American residents would receive a National Health Insurance card. The card would be good for health care services at all health care facilities across the country in the National Health Insurance system. Families would be able to choose any licensed doctor and any hospital. There would be no premium, deductible or co-payment. No one would receive a bill for any medically necessary health care services, and by eliminating inefficiencies, the plan would cost the same amount of money that is now spent on health care.

Representatives Marcy Kaptur (D-OH) and John Conyers (D-MI) also signed the letter.

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Socialism – that Evil word!

uncle-sam2To all you who think the United States is not a socialist country, think again!  Like it or not, BIG change is on the way…  And, this might not be as bad as you have been brainwashed to believe?   Read the post from Oct 5th (LINK)  I would like to have day care, education and health-care provided for my tax dollars!   A job might be nice too!?!

Socialism defined: Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equal opportunities for all individuals, with a fair or egalitarian method of compensation.

Nationalizing troubled banks may be the only answer  –  By Kevin G. Hall | McClatchy

WASHINGTON — Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary. His successor, Ben Bernanke, doesn’t rule it out. From editorial pages to the blogosphere to boardrooms, this is the question on many minds: Should the United States nationalize some banks?

A few months ago, it would have been heretical to suggest that Bank of America could become Bank Owned by America. Now, however, the U.S. economy is sinking faster than anyone thought possible, and respected economic authorities are suggesting that temporary bank nationalization, once the domain of Third World basket cases, could be the best solution.  (Read the whole story here)

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Jobs for 2009 and beyond…

This video is a good representation of where things are headed unless YOU, the America in worker gets serious and motivated enough to participate in making real changes happen.  There isn’t one politician that can ,or will do it for you.   You have to let your voice be heard!

Nearly three out of five survey respondents from a Peter Hart Research Associates poll report that they would join a union if they could, but workers attempting to unionize currently face a hostile legal environment and are commonly intimidated by aggressive antiunion employers. The Employee Free Choice Act would help workers who want to join a union do so by ensuring fairness in the union selection process with three main provisions: workers would have a fair and direct path to join unions through a simple major¬ity sign-up; employers who break the rules governing the unionization process would face stiffer penalties; and a first contract mediation and arbitration process would be intro¬duced to thwart bad-faith bargaining.   (read the whole story)

Passing the Employee Free Choice Act and making it harder for management to threaten workers seeking to unionize would be good for American workers. It would help boost workers’ wages and benefits. And putting more money in workers’ pockets would provide a needed boost for the U.S. economy. Increasing unionization is one good way to get out of our current economic troubles.

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Subsidizing COBRA Is Not Enough!

Subsidizing COBRA Is Not Enough–We Need Single Payer
By Andrew Coates, MD–

COBRA is a law that allows you to keep your employer-sponsored health insurance for 18 months if you lose or change jobs. To do so, you have to pay 102% of the cost (the full premium plus a 2% surcharge).

The stimulus package just passed provides for laid off workers, who had health insurance on the job, to receive a subsidy of 65% of the health insurance premium for up to nine months.

According to a report by FamiliesUSA, the national average unemployment benefit is $1,278 monthly. Under COBRA, national family coverage averages $1,069 per month. So laid off workers, in order to keep health insurance for their families, will have to pay more than $375 a month but after nine months will have to come up with the full $1,069.

To keep family coverage under COBRA, with the subsidy, it will cost people who are laid off, on average, almost one-third of every unemployment check. This money will go to a health insurance company, instead of food, housing and school expenses for the family.  (Read the whole story)

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