Lowering Medicare Part D Prices

Of all of the many poor domestic tax decisions that came out of the Bush Administration, the massive corporate giveaway that is Medicaid Part D was one of the most offensive.

A new study has found that this is a very expensive mistake. Its title: “Medicare Part D pays needlessly high brand-name drug prices compared with other OECD countries and with U.S. government programs.”


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Medicare Part D pays needlessly high brand-name drug prices compared with other OECD countries and with U.S. government programs

U.S. Could Save up to $16B if Medicare Part D Prices are Negotiated (WSJ)

Obama administration seeks to negotiate Medicare drug prices (Reuters)

Category: Corporate Management, Really, really bad calls, Taxes and Policy

Art Samberg: Investing as a Form of Engineering/Problem-Solving

This week in our Masters in Business interview, we speak with with Art Samberg of Pequot Partners. When Samberg began his first fund in 1986, there were less than 100 hedge funds. By 2000, with George Soros and Julian Robertson retired, the Wall Street Journal reported that Pequot Capital Management had became the largest hedge fund in the world. The…Read More

Category: Podcast

Carl Icahn: Key Ideas for America

Carl Icahn is one of the greatest investors of his generation, if not of all time. In a recent video, he makes a variety of political points, many of which i find myself in agreement about . . . U.S. lawmakers need to end their fiscal inertia. CEOs are taking advantage of the system — as…Read More

Category: Markets

10 Tuesday AM Reads

Our two-fer-Tuesday, free range morning train reads: • This Is Why Public and Private Market Valuations Are Completely Different (Mahesh VC) see also Silicon Valley Raises $75B in Venture Capital (Chief Investment Officer) • White House report says Internet is a ‘core utility’ just like electricity (CS Monitor) • Seven reasons Volkswagen is worse than Enron (FT) see also A Mucky Business: Systematic…Read More

Category: Financial Press

Job Creation in the United States

Source: US Census

Category: Digital Media, Economy, Employment

Good News Is Bad News: Leverage Cycles and Sudden Stops

Category: Credit, Employment, Think Tank

Ben Carlson Discusses Correction on CNBC

Ben Carlson, author of “A Wealth of Common Sense,” discusses keeping your cool during this correction.

Author Carlson: Keep cool during correction

Category: Asset Allocation, Investing, Video

Ugly Day

Not a pretty day, as the Nasdaq gets whacked for 3%, and the Dow closes 1 point over 16,000:   click fir full size table

Category: Markets

What Happens If We Redistribute Bill Gates Wealth to the Poor?

Today’s column might anger some people on the right AND the left. Try not to react emotionally. Instead consider this as a way to point out some obvious truths to your ideological opposites. Take a look at the Robin Hood Index chart at right (via Bloomberg). It shows the effect of confiscating all of the wealth of…Read More

Category: Really, really bad calls, Taxes and Policy, Wages & Income

A Question of Liquidity

Source: WSJ

Category: Fixed Income/Interest Rates, Mutual Funds