Pro-Life Nation

“On ‘Meet the Press’ in October 2004, when Tim Russert, the host, asked Jim DeMint, a South Carolina Republican representative then in the middle of what turned out to be a successful campaign for the U.S. Senate, to explain his position in favor of a total ban on all abortion procedures. DeMint was reluctant to…

Should Non-Profit Hospitals get a Tax Break?

Of course they should! Non-profit hospitals treat the poorest patients in the most underserved communities using a bare bones administrative budget…right? According to the New York Times (“Nonprofit Hospitals Face Scrutiny Over Practices“), the traditional view of non-profit hospitals as altruistic institutions may be flawed. The commissioner of internal revenue, Mark W. Everson, said tax…

California’s stem cell initiative a waste?

In November 2004, California passed Proposition 71 which allocated $3 billion over ten years to stem cell research. Many of my friends–especially those in the medical field–strongly supported the bill. While I support stem cell research, I do not approve of the referendum system by which this bill was enacted. Spending $3 billion on unproven research…

H&R Block misfiles taxes?!?!?!

H&R Block, one of the largest tax services businesses in the United States, has incorrectly filed its taxes in 2003 and 2004.  The tax error understated H&R Block’s tax liability by $32 million.   Oh the irony!!!  Check out the complete article in BusinessWeek (“H&R Block falls on 3Q results, tax issue“).

NHS denies medicine coverage to breast cancer patient

Thursday’s edition of the New York Times contained an article (“British Clinic is Allowed to Deny Medicine“) describing how a British court ruled that local health authorities could deny coverage of a breast cancer medicine since it was not yet approved.  The drug in question is Herceptin. “Herceptin, made by Roche, is currently licensed for…

United Health CEO earned $124.8 million in 2005

Forbes magazine reports that William W. McGuire, CEO of UnitedHealth Group) received compensation of $124.8 million in 2005.  Managed Care Magazine also says that the average executive compensation (excluding unexercised stock options) for an executive of a ‘top 10 for profit health plan’ was $11.7 million and that was back in 2000.   Are these high…

My former employer to give physicians incentives to use IT.

General Electric (my employer between 2002-2004) unveiled an interesting program named ‘Bridges to Excellence.’  This program will compensate participating physicians up to $50 per patient in exchanged for instituting IT systemts for patient records, electronic prescription writing, etc.  GE estimtates that the $50/patient figure will be about half of the projected savings from the project. …