Comments on: Patient Protection reform could mean higher healthcare costs Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: michaelbass2 Mon, 10 Oct 2011 14:44:27 +0000 There are great investments out there in Healthcare IT, you just have to find them,, here is one….

After following MMRGlobal for the last 3 years our research has concluded that OTC: MMRF is one of the most undervalued health care IT plays we’ve seen in recent years. The definitive agreement announced by the company on September 19th adds the credibility we were looking for to the earlier September 7th announcement of the non-binding term sheet with the same company. From sources in the industry, if MMRGlobal acquires over $150 million in revenue this stock currently trading at $.03 could realistically trade at a valuation of $3.50- $4.00 stock with a market cap in the $800mm to 1.2b range. We base this on comparable valuations in the health care IT sector such as Accretive Health and Merge Healthcare Inc. It is important to note that MMR is the only pure play personal health record company with connectivity to any health care professional, EMR, patented technologies, with an emerging global footprint and very credible strategic partners including AIG/Chartis, Kodak, Unis and others. Considering the most recent industry valuations, health care IT firms are being valued at 4 to 6 times revenue. With the MMR announcement of a definitive agreement with the firm who invested almost half a million dollars in MMRPro, the combined companies will offer health IT proprietary software and revenue cycle management solutions to its own surgery center clients in addition to the PHR solution it offers to the surgery center patients and the mass market. Additionally MMRF has a biotech portfolio that could have a value of at least the 140 million dollars the company invested in it

By: hereiam2005 Wed, 21 Sep 2011 04:51:36 +0000 @GARD, please, spare the rhetoric and pointing finger.
Back up your argument with facts instead of the “government is evil”. I cant believe there are people who are so eager to be spoon-fed with such nonsense, without some basic fact-checking first.
You do understand what administrative cost is, I presume? Social security offers an admin cost of 1.0% or less for the last 21 years, from 1989. . How is that account for inefficiency?
If a truly competitive and free market represent absolute efficiency, as technology advance, we should see an increase quality at a decrease in cost (as in more efficient). However healthcare cost have so far increased at a much higher rate than the average salary. People can live without car, computer, or even a house. But not without a doctor. This is essentially the reason of, as @employer said, a year to year increase in premium from 5-17%, much larger than GDP growth.
And a better healthcare system? There are plenty. France for example? Or, even if you refuse to admit it, Cuban healthcare system is great.
Personally I think it is stupid to pay some company 40% of my healthcare cost not actually for my own health but to pay some people for some unknown reason (read: administrative expense). To actually being told that such premium is for my own benefit, is an insult on any person’s intelligence.

By: employer Tue, 20 Sep 2011 00:07:25 +0000 I have owned a small business for 15 years and in that time our health insurance premiums have increase every year. The increases varied from 5% to 17% year over year. This year for the first time our premiums did not increase! When we questioned our insurance agent he explained the the new heath care law requiring a larger percentage of the premium being spent on “real” health care was the reason.

By: Byanyothername Mon, 19 Sep 2011 12:17:38 +0000 I give you the model of efficiency of government direction … behold Solyndra!

By: GARD Sun, 18 Sep 2011 14:34:10 +0000 @ Aligatorhardt, You’re kidding, right?
You actually posted that the government does something with efficiency?
You make general accusations about salaries and fraud. Yes fraud exist. It exist because the government is involved in paying the bills. Anytime their dirty fingers are near a till, corruption is not far behind. Afterall, they have a neverending flow of cash at their disposal. Kick their tails to the curb and watch how fast fraud is choked out.
Salaries are none of your business. Our free enterprise system allows for a person to negotiate a wage. Because one person is more talented at that process than another is no one’s business.
By the way, give some examples of other countries with better healthcare systems. Good luck.

By: aligatorhardt Sat, 17 Sep 2011 18:02:32 +0000 Well that may be the story heard from health care insurance companies, but Medicare operates with administration costs as low as 4%. What is the difference? The difference is bloated management salaries, unnecessary fees, brokers and other middlemen taking money out of the system, and fraud..

That is why the government does a much more efficient job of providing health insurance through Medicare, and Medicare uses price schedules that do not allow obscene price gouging.

We have not even addressed the price gouging by hospitals, clinics and some doctors, as well as equipment and supply providers. As it is now there is no limit on the level of charges, and that allows everyone to take advantage of the system. Private insurance is a fat parasite between doctors and patients. If they refuse to do business better, then they should be replaced. The public is being held hostage and our level of health is far less than most other countries, that spend half as much.