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To: patron_anejo_por_favor who wrote (211012)7/17/2009 8:45:33 PM
From: GalirayoRespond to of 306849
 
>> the reality of health care rationing <<

I'm Sorry Sir ... Your Big Macs and Fries are not Ready Yet ...

Please Pull Up in the Waiting / Penalty Box designated with Yellow Fluorescent Paint .. and we'll bring it out to you.

>>>=====>>>

Let's see .. this National Health Care Bill will increase the Longevity of Human Life ...

So .. Over Population is not the problem of today ..

and ....

It will Definitely "Assist" in Reducing the 137 Trillion of Currently Obligated Medicare Un-Bonds / Un-Funds kept in Parkersburg W.Va. by a RockerFella ?

Message 25663538

Yup ...

Uhhh Huhhh.

Round Up the Herd of Sheeple .. Bring in the Dogs ..

The Herders.

link.brightcove.com



To: patron_anejo_por_favor who wrote (211012)7/18/2009 6:07:36 AM
From: nextrade!Read Replies (1) | Respond to of 306849
 
Pocket change, however another great use of our tax clownbucks !

Fed Details Pimco's Pay to Run Program

online.wsj.com

NEW YORK -- Bond giant Pacific Investment Management Co. will be paid at least $3 million every three months to manage a U.S. Federal Reserve program aimed at supporting short-term corporate borrowing markets.

On Friday, the Federal Reserve Bank of New York released on its Web site documents detailing arrangements around its various emergency lending programs.

In one, the bank said it will pay Newport Beach, Calif.-based Pimco a $3 million fixed fee per quarter "to compensate for overhead and dedicated personnel" related to Pimco's management of the commercial-paper funding facility program. Pimco also will get an asset-management fee of 0.0025 percentage point per quarter on the average of the month-end assets in the program.

As of July 15, the facility's net portfolio holdings were $112 billion.

Companies use the commercial-paper market to finance their daily operations and meet payroll and other obligations. The program is part of a collection of central-bank lending initiatives aimed at improving activity in various corners of the fixed-income market, and was launched last year when this market for short-term corporate debt froze in the wake of the Lehman Brothers bankruptcy.

The Fed's efforts to revive the market have been counteracted by the economic downturn, which means companies have less need for cash. The commercial-paper market, which hit a peak of $2.2 trillion in July, now stands at $1.097 trillion, the lowest level since the central bank began tracking data in 2001.

The New York Fed recently reported that money manager BlackRock Inc. would minimally be paid $43 million to manage Fed vehicles that hold the assets of Bear Stearns and American International Group Inc.

The Fed has faced various levels of controversy about how it has selected investment managers for its various programs.

Pimco, a unit of Allianz SE, couldn't be reached for comment.
—Anusha Shrivastava contributed to this article.

Write to Michael S. Derby at michael.derby@dowjones.com



To: patron_anejo_por_favor who wrote (211012)7/18/2009 11:39:48 AM
From: MulhollandDriveRead Replies (4) | Respond to of 306849
 
i'm all for health care rationing....way past due...looking forward to stepping over guys like this on the pavement

nypost.com.

These bums are costing you a fortune.

Ricky Alardo, a homeless alcoholic nicknamed Ricky Ricardo, swigs cheap vodka by day at his favorite corner in Washington Heights, then calls an ambulance to chauffeur him to the hospital for a free meal and a warm place to sleep, courtesy of taxpayers who fund his Medicaid benefits.

For a chronic caller like Alardo -- who phones 911 four or five times a week -- the annual medical bill can be as high as $300,000. Over 13 years, the length of time he has been abusing the emergency room, he has cost the medical system an estimated $3.9 million.

In Midtown, another bum, Robert, has faked emergencies to get food and shelter in ERs about 40 or 50 times in the past three years -- and taxpayers pick up his tab, too.

Ricky and Robert are among the dozens of "frequent fliers" who clog the 911 system, tie up city ambulances, crowd emergency rooms and burn through Medicaid money.

An ambulance ride alone can run as much as $800, and an ER visit can cost, conservatively, $400 a pop, according to estimates from medical experts.

City officials don't track frequent fliers or the costs associated with their transport and hospital care, but anecdotal numbers from ER and EMS workers suggest there are dozens throughout the city.

"We have a system that is extremely dysfunctional. We have no place to put these people," an EMS medic said.

A paramedic working downtown said some frequent fliers think they'll get faster treatment if they arrive at an ER by ambulance, rather than walk in.

"They know what to say to our call takers," he said.

Or they'll tell a bystander, "Oh, I have chest pains," the medic said.

Alardo, 53, phones 911 so regularly, medics know which calls are likely his.

"When Ricky passes on, I'll probably even go to his funeral," said one medic who works in Washington Heights. "I've seen him almost every day for the last 13 years."

An inebriated Alardo lauded the medics last week, saying they "treat me like a king."

A few hours later, he called for an ambulance to pick him up on Bennett Avenue. He went into the hospital at about 4 p.m. and slept for hours.

His fellow frequent flier Robert said he has called 911 as many as 50 times since becoming homeless three years ago.

He said he would tell the 911 operator he had chest pains or was suicidal.

But, he confessed last week, "I'm not really suicidal."

Robert, 40, said he was looking for a place to sleep, get a meal and get the medications he takes for depression.

He said he stopped his 911 habit after an ambulance driver "chewed him out."

"I haven't called an ambulance for about a month," Robert said.


By law, EMS workers cannot refuse to treat or transport any patient. And ERs have to at least evaluate and stabilize homeless patients.

The drain on the city's strapped medical system is huge. Medicaid reimbursements don't come close to covering the costs of frequent-flier visits.

Medicaid pays just $175 for a basic ER visit and only $186 for the cost of an $800 advanced-care ambulance.

At a minimum, ERs give vitamins, showers, hot food and a bed to their homeless patients. But those who come in with underlying medical conditions require X-rays, cardiograms and medicines that can push the cost of an ER visit well above the average $400.

"They take space. They take nursing resources. They're a drain on the staff's energy level and emotions," said Dr. Jeffrey Brenner, of Camden, NJ, who has studied the issue. "They're costing the system in both direct and hidden ways."

Brenner's research found Medicaid paid $46 million for the top 1 percent of Camden's frequent fliers, or 1,035 patients, during a five-year period.

A pilot program at Bellevue Hospital has cut ER visits by 67 percent among "high-cost" Medicaid patients by finding them their own doctors, housing and even cellphones to keep in touch with their doctors, according to a recent report by the United Hospital Fund.

But it will be hard to break the habit of vagrants who view the ER as their personal retreat.

"It's not always easy to pick up these guys and take them in," one medic said. "But our policy is: 'You call, we haul.' We have no other choice."

gotis@nypost.com

<edit>

here's ricky and robert: