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Pandemic Worth BILLIONS For US Health Insurers

“It is particularly glaring and inappropriate in a pandemic.” UnitedHealth reported $6.7 billion in second-quarter profits, nearly double its $3.4 billion profit in Q2 2019 The Guardian – The enormous medical response in America to the coronavirus pandemic has not put a drain on US health insurers, which doubled profits in the second quarter of 2020 compared with the same time last year. The US fight against the virus has been marked by overwhelmed hospitals, testing...

FOLLOW. THE. MONEY. Wall Street Rally Points To Recovery

"The overall theme from earnings has been 'not as bad as we feared.'" Wall Street rallies again; S&P 500 pulls within 2% of record Aug 5, 2020 NEW YORK (AP) — Stocks climbed again on Wall Street, giving the S&P 500 index its fourth straight gain and pulling it within 2% of the record high it set in February. The benchmark index added 0.6% Wednesday, following up on gains in European markets and across much of Asia....

Pandemic Pushes Gold To Record High $1,930

"We’re in an explosive period for precious metals markets ... "  BEIJING (AP) — The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic. It added 2% percent after breaking its 2011 record high price on Friday, when it closed at $1,897.50 on the New York Mercantile Exchange.As...

Indian Tribes Get $714M Virus Funds

"Tribes are wrestling with competing needs, restrictive laws and inadequate staffing to deal with the financial windfalls on a tight deadline amid the debilitating pandemic. They must meet strict federal guidelines on the spending or risk having to send the money back." Tribes struggle to meet deadline to spend virus relief aid FLAGSTAFF, Ariz. (AP) — As the coronavirus ripped through the Navajo Nation, it spotlighted longstanding inequities on the reservation where thousands of tribal members...

After Lobbying, Catholic Church Won $1.4B In Virus Aid: AP

"The U.S. church may have a troubling record on sex abuse, but Bishop Lawrence Persico of Erie, Pennsylvania, pushed back on the idea that dioceses should be excluded from the government's rescue package. Approximately 80 organizations within his diocese received loans worth $10.3 million, the diocese said, with most of the money going to parishes and schools."  By REESE DUNKLIN and MICHAEL REZENDES Associated Press NEW YORK (AP) — The U.S. Roman Catholic Church used a...

Strip Club Owner Banks $5.4M In Paycheck Protection Cash

"The loan is notable for its size: It's roughly 54 times the average loan made through the small business aid program. It's also notable for this: Strip clubs were specifically barred from the Paycheck Protection Program." CBS NEWS – The owner of one of the largest chains of strip clubs in the country, Rick's Cabaret, as well as a chain of military-themed sports bars called Bombshells, got $5.4 million from the government's small business coronavirus...

Florida Man Indicted In $1.4B Healthcare Scam

“He just devastated so many people places where he had hospitals. I went months without pay, without health insurance. He robbed the community.” Hospital Executive Charged In $1.4B Rural Hospital Billing Scheme June 30, 2020 Kaiser Health News – A Miami entrepreneur who led a rural hospital empire was charged in an indictment unsealed Monday in what federal prosecutors called a $1.4 billion fraudulent lab-billing scheme. In the indictment, prosecutors said Jorge A. Perez, 60, and nine...

Healthcare Giant Diverts $10 Mil. Into BLM

While many Americans struggle to keep up with rising medical bills and health insurance premiums, one large health insurer is diverting $10 million into "diversity" programs.  UnitedHealth Group Inc. said Monday it's donating $10 million to address societal issues at the root of George Floyd's death, and to rebuild Twin Cities' businesses that were destroyed by days of rioting. UnitedHealth Group is establishing a dedicated Diverse Scholars trust fund to support Floyd's children's education through college....

$1.1 Million Hospital Bill For One Seattle Covid-19 Patient

“I feel guilty about surviving ... Looking at the incredible cost of it all definitely adds to that survivor’s guilt.” “I opened it and said ‘holy !”  June 12, 2020 Seattle Times – Michael Flor, 70, who came so close to death that a night-shift nurse held a phone to his ear while his wife and kids said their final goodbyes, is recovering nicely these days at his home in West Seattle. But he says his heart almost...

Brief ER Visit Costs $3,278 In COVID-19 Era

COVID-Like Cough Sent Him To ER — Where He Got A $3,278 Bill May 25, 2020 Kaiser Health News – From late March into April, Timothy Regan had severe coughing fits several times a day that often left him out of breath. He had a periodic low-grade fever, too. Wondering if he had COVID-19, Regan called a nurse hotline run by Denver Health, a large public health system in his city. A nurse listened to him describe...

Coronavirus Death Toll Inflated By CDC Rule

"The government has created financial incentives for this misreporting ... " OPINION | John R. Lott, Jr. May 16, 2020 Townhall.com – Over 86,500 people have reportedly died in the United States from the Coronavirus, and the fear generated by those deaths is driving the public policy debate. But that number is a dramatic overcount. Our metrics include deaths that have nothing to do with the virus. The problem is even worse as the Centers for Disease Control over...

Restaurants Charging ‘Covid-19 Fees’ – OK With You?

Fox News – A $2.19 coronavirus "surcharge" spotted in a receipt at a restaurant in Missouri started a backlash earlier this month, but the restaurateur who operates the establishment says he's only trying to make ends meet. Billy Yuzar previously told Fox News that he decided to add the surcharge to offset the rising costs of food from his suppliers, instead of raising menu across the board, with no explanation as to why. He also said...

Alleged Criminals Getting Massive COVID Bailouts

COVID Bailout Cash Goes To Big Players That Have Paid Millions To Settle Allegations Of Wrongdoing Rachana Pradhan and Fred Schulte, Kaiser Health News May 9, 2020 The federal government has sent hundreds of millions of dollars in pandemic-related bailouts to health care providers with checkered histories, including a Florida-based cancer center that agreed to pay a $100 million criminal penalty as part of a federal antitrust investigation. At least half of the top 10 recipients, part of...

Trump-China Feud Triggers Market Selling

"There is no public evidence of an intentional plot to buy up the world's medical supplies, though China did muzzle doctors who warned of the virus early on." Global markets drop, spooked by China-US virus tensions May 4, 2020 BANGKOK (AP) — Global stock markets dropped on Monday as tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic rattled investors. Benchmarks fell in most countries except for Australia, which was lifted by signs...

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