Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Demagogues Bashing Obamacare Repeal Print
By Betsy McCaughey
Wednesday, July 05 2017
A staggering 380,000 nursing home residents a year die from infections, according to federal estimates.

Die-hard Obamacare defenders are out in force over July 4 to protest Republican repeal efforts. The protesters are falsely claiming the repeal will gut Medicaid, causing frail, indigent seniors to be evicted from nursing homes. It's sheer demagoguery. But even these phony claims could have redeeming value if they get the public to take a closer look at nursing homes and see the filth, rampant infections and neglect  conditions routinely tolerated by our indifferent public officials.

Indifference is the real culprit, not inadequate Medicaid money. For example, New York state pays among the highest Medicaid rates in the nation  yet also tolerates some of the worst conditions. A shocking 40 percent of nursing homes in New York provide inferior care, according to federal ratings. That's worse than 39 other states.

Nationwide, one-third of nursing home residents suffer serious, often permanent, injuries due to neglect, according to a federal inspector general report.

Incontinent residents languish in soiled diapers that lead to sores and infections; residents unable to eat and drink on their own develop severe dehydration; others suffer falls and internal injuries because of medical errors or overmedication.

The deadliest problem is infection. A staggering 380,000 nursing home residents a year die from infections, according to federal estimates. Not all are preventable. But nursing homes are infection cauldrons. The routine precautions taken in hospitals to limit infections  such as testing patients for superbugs on admission, disinfecting rooms and equipment and keeping infected patients apart from others  are ignored in nursing homes.

Residents with staph infections are rolled into communal dining rooms and seated next to other residents. Superbugs contaminate bedrails, curtains and rehab equipment. Caregivers tasked with bathing and grooming residents go from one bed to the next, without using disposable gowns and gloves, spreading bacteria from resident to resident.

Because even rudimentary infection prevention is lacking, one-quarter of residents pick up dangerous, drug-resistant bacteria, according to new research by Columbia University School of Nursing. Columbia's Carolyn Herzig warns infection rates are increasing across the board and action is urgently needed.

Medicaid recently adopted new standards calling for more infection precautions but delayed the start date to November 2019. Why delay when hundreds of thousands of elderly residents will die from infection in the meantime?

Don't count on the media to cover these deaths. The Washington Post is busy claiming repeal "takes a sledgehammer to Medicaid." The New York Times reports that "steep cuts to Medicaid" will force some seniors out of their nursing homes. Here's the truth: There are no "cuts." Medicaid spending will continue to increase every year, though at a slower rate.

The real threat to seniors isn't Medicaid funding levels. It's that Medicaid officials tolerate substandard nursing home care, when they could use the program's market clout to demand safer care. About 66 percent of long-term residents are paid for by Medicaid.

The federal government rates nursing homes from one to five stars, based on periodic inspections, staffing levels, infection rates and other quality measures. But even nursing homes that get the lowest one-star rating year after year indicating substandard care  are allowed to stay open. They should be shut down.

From Baton Rouge to Chicago, and in smaller towns across the country, protesters and Democratic politicians are fear-mongering that seniors will die on the streets if repeal passes. Governor Andrew Cuomo is holding health care events across New York this week, parroting the Democratic Party's false claims.

In truth, Cuomo's one of the culprits. On his watch, low-rated nursing homes are getting Medicaid money. New York has begun rewarding top-rated homes with slightly higher payments  an idea worth duplicating in other states. But Cuomo and other politicians need to do more to stand up to the powerful nursing home industry.

Frail, elderly nursing home residents shouldn't be made to suffer. That's the goal protesters and politicians should focus on. Enough with the partisan scare tactics.

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Betsy McCaughey is chairman of the Committee to Reduce Infection Deaths.  
COPYRIGHT 2017 CREATORS.COM

Question of the Week   
In which one of the following years did Congress first meet in Washington, D.C.?
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Quote of the Day   
 
"New York Governor Andrew Cuomo called on the federal government to take control of the medical supply market. Illinois Governor J.B. Pritzker demanded that President Trump take charge and said 'precious months' were wasted waiting for federal action. Some critics are even more direct in demanding a federal takeover, including a national quarantine.It is the legal version of panic shopping. Many seem…[more]
 
 
—Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
— Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
 
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Who is most to blame for the delay in passage of the critical coronavirus economic recovery (or stimulus) bill?