Over Heard in the DOCTOR’S LOUNGE

On “Hard Working” HMO Physicians

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SPONSOR: http://www.CertifiedMedicalPlanner.org

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By Dr. David E. Marcinko MBA CMP®

INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-

One of my favorite patients told me this anecdote as he recalled the story of the old man who spent a day watching his physician son treating HMO patients in the office. 

The doctor had been working at his usual feverish pace all morning, and although he was working hard, bitterly complained to his dad that he was not making as much money as he used to.

Finally, the old man interrupted him and said,

“Son, why don’t you just treat the sick patients?” 

The doctor-son looked annoyed at his father, and responded,

“Dad, can’t you see, I don’t have time to treat just the sick ones.”

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What is a DIVIDEND ARISTOCRAT Stock?

By Dr. David Edward Marcinko MBA CMP®

SPONSOR: http://www.CertifiedMedicalPlanner.org

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A Dividend Aristocrat is a stock that has exhibited a remarkable level of consistency, measured by the fact that only those S&P 500 companies that have increased their annual dividend for 25 straight years — or more — can be called one. The name was coined by cable TV personality and investor Jim Cramer

These companies have raised their dividends through good times and bad, including recessions, crashes, and pandemics. Being able to continue doing so is a tribute to their stability and strength. Now, the past 18 months have been a particularly difficult economic environment to operate in, and many companies were forced to slash or hold the line on their dividends as a result.

CITE: https://www.r2library.com/Resource/Title/0826102549

100+ dividend aristocrats with dividend history

But some companies came through it just fine, like investment manager T. Rowe Price (NASDAQ: TROW), which increased its dividend for the 34th straight year in 2021. It is located in Baltimore Maryland not far from where I grew up. In fact, I used to play stick ball, as a kid, in the parking lot.

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CITE: https://www.r2library.com/Resource/Title/0826102549

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What’s the Latest on MEDICARE DRUG PRICE Negotiations?

BY KFF

Prescription drug costs are a major concern for consumers and a fiscal challenge for public and private payers, representing 10% of national health spending and nearly 20% of health benefit costs for large employers and Medicare.

In response, lawmakers are considering a broad range of policy options, including one that would allow the federal government to negotiate prescription drug prices on behalf of Medicare beneficiaries and people enrolled in private plans, a proposal that has strong bipartisan public support.

CITE: https://www.r2library.com/Resource/Title/0826102549

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Could Negotiating Medicare Drug Prices Save $300 Billion Per Year? |  Committee for a Responsible Federal Budget

This brief describes the current status of drug price negotiation proposals, looks back at the history of proposals to give the federal government the authority to negotiate drug prices in Medicare, describes the negotiation provisions in key legislation (H.R. 3), and discusses the potential spending effects for the federal government and individuals.

READ: https://www.kff.org/medicare/issue-brief/whats-the-latest-on-medicare-drug-price-negotiations/

UPDATE: https://www.msn.com/en-us/news/politics/medicare-trustees-sound-alarm-but-progressives-press-ahead-with-irresponsible-medicare-expansion/ar-AAOh6EA?li=BBnb7Kz

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PODCAST: Medical Unions in Healthcare

BY ERIC BRICKER MD

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MORE: https://medicalexecutivepost.com/2011/03/05/the-collapse-of-medical-labor-unions/

RELATED: https://medicalexecutivepost.com/2016/12/16/on-doctor-labor-strikes/

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