Monday, October 16, 2017

PRESIDENT ELECT TRUMP'S DISTORTED VIEW ON THE DRUG INDUSTRY..(ORIGINALLY PUBLISHED 1/17/17).

Total national health expenditures are reported to run about 3 1/2 trillion dollars.  Total drug expenditures are reported to run about 385 billion dollars.

If the cost of drugs could be reduced 100 billion dollars, the drug industry would be forced to close down because of huge losses.

HEALTH CARE EXPENDITURES WOULD DROP FROM 3 1/2 TRILLION TO 3.4 TRILLION.  OTHER LABOR COSTS WOULD LIKELY RISE OVER 100 BILLION AND HEALTH CARE COSTS WOULD NOT GO DOWN AT ALL.

THE FLOW OF NEW DRUGS WOULD STOP AND THE ABSURDITY OF OUR POLITICS WOULD HAVE CREATED A MEDICAL DISASTER.


TRUMP - WE WOULD ALL BE DEAD WITHOUT DRUGS...ORIGINALLY PUBLISHED 6/4/12

Three major drug companies spent $100 billion dollars on Research and devleopment in the last five years.

Three major generic drug companies spent under $10 billion on research and development in the last five years.

Since important new drugs are almost impossible to find the major drug companies are likely to find fewer new drugs over the next ten years as their cash flow will decline.

Since generic companies don't do much research or find too many new drugs, the net result will be less drugs, more illness and consequently, more expense.

Unless we get very lucky and the drug companies have a few more breakthroughs.

Furthermore, there is a strong likelihood of declining morale and a significant weakening of the talent who are able to find new drugs.

DRUGS....MORE NOT LESS....(ORIGINALLY PUBLISHED 12/16)

Doctors and drugs are a small percentage of medical spending.  If it wasn't for the drug industry, we would all be dying horrible deaths.  There wouldn't be a need for hospitals because they would not be able to treat even simple infections.  Almost all the money spent in the medical industry is spent on administrators, technicians, floor sweepers, exterminators, etc.

The Senators and everyone else who attack drug prices instead of providing incentive for more and more drug development, are fools.

When one of them gets a significant disease as for sure some of them will they will understand that they ought to get out of government.  

Wednesday, October 11, 2017

HILLARY/SANDER'S HERO - SAUL ALINSKY...(ORIGINALLY PUBLISHED 6/13/12)



Saul Alinsky pontificated in his Rules for Radicals that to destroy the American system that a realistic radical is completely unconcerned about the verification of facts and that they are only interested in their agenda. He states that the purpose of radicals is to sew discontent and to seek to create an environment so they can influence the generally ignorant population to support political goals that would otherwise be unsupportable in the face of the facts.

TRUMP AND THE "FAKE"MEDIA - THE REAL STORY (ORIGINALLY PUBLISHED 2/527/17)

This is by far the most important blog we have written in the six years of the existence of our site.

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  

AMAZON..MACYS..KOHLS..HOW WILL IT PLAY OUT...(ORIG. PUBLISHED APRIL 2011 AND REPLUBLISHED OCTOBER 2016)

Im having difficulty putting into words what it is I am currently thinking.  Several years ago we wrote about the Apple IPad and the implication for sales of personal computers.  The Ipad seemed to be what is called a disruptor but its impact on overall economic activity was and is minimal.

 If there is going to be a serious economic decline,  there is one main place to look in my opinion.  That is Amazon.  We all use Amazon. Its getting bigger and bigger and is run by an obvious genius.  He is on the fast path to destroy "all" retail businesses which account for a large portion of our jobs and GDP.

Amazon is becoming so huge that it is on the road to becoming every manufacturers largest customer. The manufacturers, because of this phenomenon,have to do business with Amazon.  Amazon  in turn is putting pressure on the sellers of goods to provide products at a discounted price.  This will eventually lead producers to cut back on their costs which will lead to job loss and deflation.

Amazon, which was already selling most anything you could want is now branching into auto parts, office supplies, groceries, television shows, fast food delivery, etc.  Who knows where this will all lead.  Unfortunately it appears from the weakness in  the retail industry, not to a good place.

Point made!




Wednesday, October 4, 2017

MEDICAL COSTS - THERE IS NO "AFFORDABLE" CARE AND NEVER WILL BE(ORIGINALLY PUBLISHED 3/27/17)

The chess battle over health care will cost you a lot of money.  It doesn't matter what your ideology is it will cost you a lot of money, each and everyone of you.

Simply put, this is the story.  Approximately 65% of medical dollars spent go to labor, directly or indirectly.  That's the millions of people who provide the health care system, whether they work for a hospital or a biotech company.  Labor is 65% of every dollar received by the medical profession.

The revenues for the medical industry (in entirety) can either be paid for by the government (TAXES) or by individuals (PREMIUMS).

When you pay the taxes to the government for the medical industry they are either called Medicare, Medicaid or something similar.  When you pay the premiums to your insurance company they are paid for by your personal income.  So you either pay taxes or premiums, both are used to pay the workers in the medical profession 65% of those two numbers.

No politician is willing to tell the people who don't work in the medical profession that medical expenses are destined to rise PERMANENTLY.  The cost of labor is not going down so we will have a continuing rise of medical care costs.  There is no competition.  There is basically a single payer system and that's just the way it is.  So forget the politics.  It's bogus.  
 

Shepard Osherow. All Rights Reserved