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alstry (34.92)

KABOOOOM!!!! Medicare Meltdown

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February 26, 2010 – Comments (1)

 -- A Medicare meltdown now seems certain, as the U.S. Senate has left early for the weekend, abandoning seniors, military families and baby boomers. The Senate failed to repeal the Medicare physician payment formula that will cause a drastic 21 percent payment cut to physicians who care for Medicare and TRICARE patients. On Monday, the 21 percent cut goes into effect, forcing physicians to consider the difficult decision to limit the number of Medicare and TRICARE patients they see in order to keep their practice doors open.

http://www.redorbit.com/news/health/1829082/senate_inaction_on_medicare_hurts_seniors_military_and_boomers/index.html?source=r_health

Looks  like only Wall Street gets bailed out.....as the rest die.

1 Comments – Post Your Own

#1) On February 26, 2010 at 7:38 PM, alstry (34.92) wrote:

SACRAMENTO, Calif. -- California has put the "for sale" sign on 11 state office buildings, including the San Francisco Civic Center and the Ronald Reagan State Building in Los Angeles, as a way to raise cash to shrink the budget deficit.

Los Angeles-based real estate firm CB Richard Ellis released a sales brochure Friday titled the "Golden State Portfolio" as part of its marketing strategy to lure potential buyers. Combined, the buildings have more than 7 million square feet of office space.

State officials are hoping to draw offers worth more than $2 billion.

California and other state and local governments have been eyeing their high-rises, prisons and even capitol buildings to generate fast cash for fiscal relief. Arizona has invited investors to buy bonds secured by landmark state government buildings, while Connecticut plans to bring in $60 million over the next two years from real estate sales.

California's sale is the largest.

$2 BILLIONN?????  THAT CAN'T EVEN COVER A MONTH'S DEFICIT.

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