about this blog
- Elizabeth MacDonald is the stocks editor for Fox Business Network. She is recognized as one of the top prize-winning business journalists in the country, and has received 14 awards, including the top prize in business journalism, the Gerald Loeb Award for Distinguished Business Journalism, and the Newswomen's Club of New York Front Page Award for Excellence in Investigative Journalism.
most popular posts
-
- There are no viewed posts at this time.
aaron
as mentioned earlier, billing private insurance is a pain to say the least. On the other hand billing medicare/medicaid can be worse and many doctors do not like taking those patients into their practices. I should know, I am also an M.D. Watch who you call a fat cat, doctors incomes are also in the crosshairs.
interested party
I watched the Senate Subcommitte on Health Care Reform last night on C-SPAN. The one and only doctor on the committee (Tom Coburn) asked to have several amendments made to the Title 2 (quality). One of those changes was that the Quality of Life Value metric not be used to deny procedures as it is in the UK. (Basically, this metric takes into consideration the person's age, the illness, and the probability of the treatment being successful and assigns a dollar value. If the treatment costs less than the value of the person's life -- as determined by a government agency -- NOT a doctor, then you might get the treatment. If the treatment costs more than this value of the person's life, then no treatment.) Coburn was unsuccessful in getting this amendment passed. So, as the Senate version of the Title 2 section stands, a government agency will be able to deny treatment to anyone whose "value" doesn't exceed this quality of Life Value. That, people, means the disabled & the elderly. Seriously. If you want true facts on the bill, go to C-SPAN. Then you can hear it from the Senators' mouths. And what you will hear will scare you. (And, as an FYI, I have experienced UK and Australian nationalized health care and was shocked at the filth in the doctors' offices, the lack of knowledge of name brand drugs -- as in they never heard of them, and the lower standard of care for those hospitalized.) Title 3 on prevention will be on C-SPAN today; it is re-run at night.
gordyKROO
Should companies profit on our health???? I dont think so. In our pursuit of life, liberty, and the pursuit of happiness, I think that our health is a fundemental right that should not be exploited to profit on. I think that this president is doing a fine job on the basics of our health problem PREVENTION. For all those to think that it is your personal freedom to smoke 2 packs a day and eat 16 cheeseburgers, get a reality check. INSANITY- Doing something over and over again knowing that the result will be negetive every single time. Common sense you spoiled americans. Sometimes it good to give up some of your freedoms because it just makes sense. ie seatbelt laws, helmet laws, speed limit laws. To protect not to supress and we all benefit.
Carrie
I take offense to the comment about FOX viewers being elderly, poorly educated and scared. I or any of my family are NONE of the above. We are all college graduates from State University's, most are self-employed and know how expensive health care really is. We have only catastophic insurance with a high deductible. I don't believe that every time you go for health care you should have to pay only a nominal co-pay. All of us are reasonably healthy, take good care of ourselves and use health care to stay healthy, not pay for things we don't need. I have always wondered about these figures on uninsured Americans. I thought the article was well researched and thought out. Thank you. Carrie
Bill
This is why FOX news dominates the news media. They tell the facts and let us decide. Good Work FOX!
Eric
Great article. It is nice to see some actual facts for once. The other thing that should have been discussed is comprehensive vs. catastrophic coverage. Many healthy and young people don't need a full comprehensive plan. What hurts them is those broken bones from sports or auto accidents that cause huge bills. Catastrophic coverage would deal with that and cost a heck of a lot less.
JMC
Not often you see a news story with citations. Nice work. We need more reporting like this. Keep the facts flowing. Much less opinion is required and that was your aim. If the media would spend more time researching and less time on the air, we the people would be better informed and more productive. There are plenty of great books on how to spin statistics. It is SO important to know the numbers behind the numbers. Thanks.
JT
Great article. As a 20+ year veteran of the health insurance industry, another myth should be added....that is that much of the waste in the system is because of insurers. Patently false! Insurers and HMOs have the proper incentive and motivation to hold costs down, i.e duty to their shareholders, owners, etc. In fact, most insurers live within the profit range of 3-5%. Government has no such motivation and its control over the system will bankrupt the country and result in untold rationing of care where some hack in DC decides who gets expensive life-saving care and when that care is provided. Eventually it will hit home when you, your spouse, grandma, aunt or brother are told "sorry, but we don't enough have $$ for your treatment. Here, this pill will ease your pain." Sounds like 1984, huh?
Rick
Dear John Edward - You are typical of the blinders-on Obama-loving liberals that are doing all that is possible to run this country down. Why in God's name would you characterize Fox viewers as such? So, the people who have viewed the Mainstream media's love affair with the Democrats and especially Obama, who have ONE refuge of sanity to run to are less bright, elderly and poorly educated? The people who think they are getting the full story from NBC, CBS, ABC, CNN, MSNBC, etc. are the ones who are less bright. I thank God every day that we have Fox News, and hope Chairman MaoBama does not try to shut down FoxNews for opposing him, like other communist leaders have done. Nationalized healthcare would be the single biggest disaster that could ever come out of Washington. The 2nd biggest would be Cap and Trade. Amazing that Obumbler and his cronies are trying to ram both through at the same time! This country is going to be unrecognizable in the near future, and I fear for my kids and the lives they will have. At least I have been able to enjoy the fruits of capitalism and the rewards of my hard work. My oldest wants to be a doctor, but if this socialized health care happens, then I would not recommend it. I'm sure we will end up with doctor shortages like most of the other countries who were dumb enough to do such a thing.
Craig1974USA
In the liberal mind, a country has great health care if everybody is covered. Cuba is considered a country with superior health care. Sure, Cuba's health care may consist only of their government sending everybody a toothbrush each year, and that is it. But EVERYONE has it. So to the liberal, Cuba has excellent health care! Sure, Cubans may be dying in the streets from all sorts of illnesses and diseases, but that is not the point. The point is 100% coverage. EQUALITY. So if we, in the United States, lower the quality of health care to Cuba's level and have 100% coverage, we too, can have superior health care. I'm sure there are at least 1,000 people in the United States who don't even own a toothbrush, so we would be doing them a favor, and everything would be equal. Power to the People!!!
Reagan is My Hero
In Reply to John Edward; You are a Prime example of all of the Uninformed Americans which are Following the Socialist Piper off of the Cliff...We should be Worried, Fox is the only one telling the Truth.
fed up with poor little me
I know plenty of waiters and others who make a very good living and bypass healthcare for other luxuries; as a midlle income worker with business offered health care this irks me. Everyone should have to pay something. nonething is free. I want a lamborghini but drive a ford ranger. I want eight kids like octomom (but i cannot afford it so I don't have them). I am tired of everyone expecting the govt to take care of them. poor little me.... Wake up America - i was a democratic (and I am gay too). No longer...
Kevin
"38% of uninsured Americans make more than $50,000"... ummmm... It's fun when you just throw statistics out of nowhere that make zero sense. 38% of the 49 million Americans without health care make more than $50,000?!! I read the article you pulled this out of, and I stress "pulled out", as in pulled out of thin air.
Dan T.
Awesome article. I wish you could play it during Obama's infomercial on ABC. I don't have health insurance and I absolutely don't want any.. I decline it from my employer every year and I can easily afford it. It's just not worth buying. Until I can buy a plan that only covers medical emergencies and doesn't cost over $150. What an absolute ripoff. Why don't Americans just pay for their doctors visits on their own? Same with prescriptions and just have insurance for emergencies? I mean, our car insurance doesn't cover oil changes and people aren't wrecking because of it. Government sucks.
Vicki
Thank you for not only writing an easily read article but for giving us the sites to go and look at the infomation ourselves. As an RN, I can assure everyone that in my 29 years as a nurse, I have never seen a patient turned away from a hospital for non payment. It truly does not happen. I have seen people leave because they do not like the wait time or treatment plan.
Renee B.
Great article! Spot on. You take the air right out of the ships' sails that are riding on waves of B.S. I especially appreciate your pointing out that many people CAN afford health insurance, but just decide not to buy it. I guess they'd rather spend their dollars on a vacation that those of us paying our insurance premiums can't afford, a Cadillac or a boat, or cigarettes and beer, so that they can then show up in the ER for a bladder infection they've had for two weeks that could've been knocked out with one trip to the doctor, and to bog down the system so that people with real emergencies like broken bones sit crying in chairs in pain, or finally wait so long they pass out. (I have seen this happen to a girl whose appendix finally ruptured while she was waiting). I bookmarked this for future use, and also sent it to everyone I know. Thanks again.
Jeff
Forgive me if this has already been stated but regardless who administers healthcare I believe the real issue is the cost. Why does it cost exorbitant amounts of money for procedures, services and supplies? It seems 'psuedo' inflation is built into healthcare prices at every level. On a side note, while healthcare may be able to justify some cost increases due to broader and deeper service I still don't understand why higher education prices zoom to the moon.
FormerLiberal
I've given up and am giving in. I won't register as a Republican but my days of supporting my Dem party are over. We wanted fairness, not force - as in forcing change down our throats. 1. Extend the drug manufacturer's patent rights = this will lower the cost of prescription drugs, removing the up front high prices that are charged by the drug companies to recoup their costs, knowing they will lose profit once the patent expires, and the generics take over. 2. TORT REFORM - will never happen, because lawyers run this government. But stop the lawsuits and let the doctors practice medicine. Everybody knows 'malpractice lawsuits' are nothing more then a huge money-grab for lawyers. 3. Make everybody pay. Don't tell me you are poor if you have a 50 inch television, XBOX 360 AND Playstation! Try this - get rid of cable and buy yourself some health insurance instead. 4. Only treat emergencies in the emergency room. Should someone show up wih a back ache or a headache, give them two tylenol, check their blood pressure, and refer them to a doctor. If they can't pay, it is up to the doctor to arrange some sort of payment plan.
Credit
One thing that needs to be pointed out: Insurance companies are major sources of credit. What do you think happens to the money that insurance companies receive that is not used for expenses, commissions, or medical costs? All of that money is invested, and that amount of money is absolutely huge. Most likely, any loan that any one of you have outstanding right now is in some way financed by investments of insurance companies. So basically, you kill the insurance companies, you kill the public's access to capital. People in this country need to stop relying on other people to run their lives. Yes, there are people who do need help, and we should do everything in our power to help those people. But most people in this country these days rely too heavily on the gov which gives the gov more power and makes us more dependent on it. This country was intended to be a country where its citizens were able to live their lives without gov interference. We need a way to determine who actually needs help and tell all of the people who are able but are too stupid to figure it out for themselves to take the initiative and actually become capable to take care of themselves. This issue is about the Dems who want their lives ran for them, and the Republicans who want to succeed out of their own effort and hard work.
Bob
"Most everyone agrees that the U.S. health system is broken and that the uninsured must get coverage." That a true statement, and the greedy profit driven insurance companies, HMO's and thier goverment lobbies have no interest in fixing it. The only alternative is a goverment run system were all the profits go into paying for doctors and health care and not lining the pockets of executives.
David Reid
Here is a very important point missed by Elizabeth: Of the 47 million "uninsured" in America: - 75% become fully insured within 1 year of becoming uninsured. - 44% become fully insured within 4 months of being uninsured. This signifies the truth about the problem: there are 47 million uninsured in America at any given moment in time, but it is a rotating group of people: 75% get insured a short time later. While it's not ideal to go without health insurance for several months, it is by no means a huge problem that requires a drastic solution. In truth, there are only 11 million people in America who fall through the gap between our current government programs and the private system to become "permanently uninsured". That is 3.6% of the U.S. population. Let me reiterate, the problem is this: 3.6% of the U.S. population falls through the gap between private insurance and our existing government programs. Three-point-six percent. That's not even including the fraction that simply don't want health insurance. Do you think an appropriate solution to this problem would be the dismantling of our current system, which provides the highest-quality health care in the world to 96.4% of the American population, to replace it with a multi-trillion-dollar government-run program, and the other various ideas proposed by Obama and the Democrats? Or do you think that is overkill and totally off-target, like performing open-heart surgery to fix a broken leg?
KP
Don't you just love it when a liberal points out the fact that only stupid, uneducated, trailer trash watches Fox? Wuldn't it be great if we were all rich elitist celebrities, or politicians,and we wouldn't have to listen to anything but liberal-speak? I can only hope that some distant generation will be rid of the dope smoking hippie genes from the 60's that are in the people that are running our country now. Now that they are in "power", the rest of us need to shut up and accept the new world they want for us. I thought this was America. Everything done in this country is based on some crazy poll, that asks a few hundred people what they think, and that is the direction we go. Does any one actually look at who is asked these questions? It's always registered voters, and a few dozen per state. So when we see that 75% of "Americans" want national health care, it could mean that out of 1000 registered voters polled, that 750 of them said they wanted it. That's only 15 people per state!!! And they were registered voters, which means that if you haven't registered to vote yet, you were never intended to be asked. Only registered voters seem to count as Americans these days.
PG
I'm not an expert in health care, but here's a few things I know: Anything the governments runs is poorly managed at some level because there is never any real accountability in government. Obama frames everything he ever wants as a crisis that must be passed into law without proper debate and scrutiny. Tort reform is the best place to start to control healthcare. If my doctor doesn't have to pay a fortune to have insurance against frivolous lawsuits, we can start backing that savings into the system. This issue should not be rushed. A situation that has existed for many years is not an emergency or crisis just because Obama says it is.
dmot712
Great article. Too bad people like John Edward, with their "elitist" mentality, continue to criticize Fox and put down anyone who watches or listens. It's probably just the opposite, in terms of the demographics of listeners, but the truth never applies to liberals. If the truth mattered, they'd never get any of their policies enacted. They must always use sleight of hand.
Dean
To John Edwards: So you're saying that all the statistics presented by Fox are wrong but your crowing about the 75% of all Americans want national health care!! is accurate........... That "statistic" being presented by one newspaper the New York Times (or Post). I'm sure they were completely scrupulous about taking an unbiased poll............ It's true you can't confuse liberals with facts.