One of the largest nursing home chains in the U.S., HCR ManorCare Inc. has filed for bankruptcy protection on March 4, 2018 in the Bankruptcy Court in Wilmington, Delaware. Quality Care Properties Inc., HCR’s landlord, will take control of the company.
The private-equity firm Carlyle Group owns HCR ManorCare Inc. The departing CEO, Paul Ormond received $115 million in deferred compensation and severance even though HCR is approximately $230 million in debt. Continue reading
Hippocrates of the Hippocratic Oath
I was not sure my ENT specialist was a good fit for me even though I read the glowing praises framed on his office walls, praises coming from his patients, colleagues, and other doctors. The young man seemed to know what he was doing but his bedside manner was brief and rather cold. Continue reading
Romanian hospital 2014
Photo courtesy: Digi24
Virginia is one of the few states in the nation who has taken the bold step to automatically enroll all Virginians covered by the traditional Medicare/Medicaid plan into a Humana managed health care plan. By managing elderly care (read rationing), money will be saved by denying needed medical tests, surgery, care, and physical therapy to elderly Americans who have paid into Medicare/Medicaid for decades. How else will millions of illegal aliens recently granted amnesty by executive action receive free ObamaCare? Continue reading
“There is always free cheese in a mousetrap.” – Retired Marine Colonel Martino
Public Citizen.org, self-described as “advocates for a healthier and more equitable world,” sent a fundraising letter to Democrat voters, claiming that “millionaires who run the largest corporations on Earth want to slash the social insurance programs the rest of us rely on.” By slashing, they are referring to the logical proposal to increase eligibility age for Medicare, to correlate Medicare to income, and to modernize/privatize it.
Continue reading