Archive for October, 2011
Healthcare cost is very high for some people and especially when it comes to women who have a medical illness or prolonged illness. Illness can be prevented in some people. Many illnesses are derived from obesity, lack of medical care, promiscuous behaviors and drugs use. These kinds of medical illnesses can be prevented. If you can prevent these major events then you can save yourself a lot of money.
I used to work in a hospital before and I learned that many patients’ illnesses can be prevented. They were from obesity related illness, reckless behavior, drugs use, alcohol use, domestic violence, reckless driving, poor prenatal care, and poor medical care. Of course, out of those numerous patients, there are some that were born with their illnesses. They were born with those illnesses because their parents don’t have good prenatal care and that’s why their children end up with birth diseases. Alcohol, smoking, drug uses usually is responsible for many birth related illnesses out there. Apparently, there are still many parents out there who don’t care about their baby to stay away from drugs and alcohol. I still see children with heart defects or alcohol syndrome from drugs related causes.
A medical illness can cause a person at least a million dollar in health care for their entire lifetime. They can save the million dollars if they learn how to prevent these diseases. Staying in shape and staying out of reckless activities is very important and it’s how you get to stay away from major illnesses. You would save yourself a lot of money from medical care. You have to pay for medical insurance if you needed regular doctor or dentist visits. It’s not free unless you don’t have a job or that you are mentally incompetent. Imagine how much money you can save when you don’t have this illness. You can save yourself hundreds of thousands of dollars without the doctors or dentists visits.
There are many people out there who have a medical illness and it cost them thousands of dollars per year. I look around in my family and I saw a lot of cost already. Each family has at least one person that has some sort of healthcare needs. My mom has diabetes and high cholesterol and my brother has bipolar. They cost around $ 50,000 per year. If they didn’t have these illnesses they would have at least $ 50,000 more per year. Healthcare cost is so high that you have to take care of your health so that you can save more money. It cost more than buying a car and a home in some cases. You can take care of your weight more and reduce your reckless behaviors. This way you will end up with more savings each year.
Written by kay_pierre
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President Obama’s historic healthcare reform bill of $ 938 billion passed by Congress on March 23, 2010 has marked the end of many months of power struggle between the Democrats and Republicans. Moreover, it has brought major changes to the US healthcare system that is hemorrhaging for so many years in the States.
Some of the stocks that are expected to benefit from the healthcare reform are the following:
Express Scripts (ESRX)
Handling nearly 500 million prescriptions per year, Express Scripts is a pharmacy benefits management company that buys drugs that are covered by insurance at mass discounts and sells them to pharmacies and patients by mail. By doing so, the company has reported an average annual sales increase of 3.8% since 2005 and a net income increase of 24% since 2008. Moreover, since April 2009, Express Scripts owns the pharmacy benefits management businesses of health insurer WellPoint (WLP) with a $ 4.68 billion deal.
With the healthcare reform, Express Scripts has a growth potential. With the addition of 265 million prescriptions and 25 million customers after the deal with WellPoint, it has gained increased negotiating power for better discounts with drug dealers. Moreover, the reform will expand drug coverage which gives Expert Scripts a nice upside in terms of increasing savings for customers buying prescription drugs.
Walgreens (WAG)
Walgreens is perhaps the most famous drugstore chain in the United States. Besides that, it has reported an average sales increase of 11.1% and an average net income increase of 8.3% since 2005, showing a growth potential even before the healthcare reform takes effect.
With the healthcare reform, Walgreens is expected to benefit mostly as a provider given that prescription drugs account for nearly 70% of the firm’s revenues. Therefore, given that prescription drugs will increase, Walgreens will benefit in the long term and will also have the ability to offer superior customer service at a lower cost.
CVS (CVS)
CVS is another well established drug dealer that has managed to report an average sales increase of 26.4% and an average net income increase of 32.6% since 2005.
With the healthcare reform, CVS is expected to benefit mostly from the increase in prescription drugs. This will boost the company’s earnings and will most likely make its shares more attractive to the investors.
Insurance sector
From an industry perspective, the healthcare reform favors, first and foremost, the insurance companies, in spite their initial opposition. By 2012, after a freeze of the government rate to the 2010 levels, insurers will be subject to a gradual cutback in government payments equal to $ 136 billion by 2020. On a short-term horizon, insurers’ profits are expected to shrink as a result of the cutback in government payments to Medicare Advantage plans. Moreover, they are very likely to stop selling lifetime policies, or children coverage on the basis of pre-existing conditions. However, in the long run, insurers will benefit from the increasing pool of coverage as many changes are expected to take effect until 2014 that the healthcare reform will be fully implemented.
Sources:
http://www.therubins.com/medicare/advantage.htm
Written by Christina Pomoni
Investment Advisor – Freelancer Writer
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