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10/21/13 Earnings peak week to overshadow economic data - Market Snapshot - MarketWatch

www.marketwatch.com/story/earnings-peak-week-to-overshadow-economic-data-2013-10-20 2

Apple is expected to announced new products next week. Plus, many eyes w ill be on Microsoft w hen it reports

earnings. Scott Austin preview s the w eek ahead in tech. Photo: Getty Images.

The coming week is considered the peak week of earnings season with about 30% of the

S&P 500 reporting, and 10 Dow components posting quarterly results.

While the big banks and financial firms have already reported earnings, Greenhaus noted

this week will see the largest number of financial sector firms reporting than any other

week. More than 20 S&P 500 financial sector companies report including several insurers

such as Dow component Travelers Cos. TRV +0.65% , a number of real-estate investment

trusts such as Simon Properties Group Inc. SPG -0.37%, capital markets firms such as

Franklin Resources Inc. BEN +0.64% and State Street Corp. STT +0.36% , as well as exchange

operator Nasdaq OMX Group Inc. NDAQ +0.19%

Other areas to focus on are industrials and tech, Greenhaus said. Several industrial Dow

components report such as United Technologies Corp. UTX -0.26% on Tuesday, Boeing Co.BA +0.19% and Caterpillar Inc. CAT +1.74% on Wednesday, and 3M Co. MMM +0.18% on

Thursday. Also on Thursday after the close, Microsoft Corp. MSFT +0.57% reports results.

Probably the closest watched corporate metric coming out of earnings this week will be

revenue growth, given the quarters generally weak sales results.

Click to Play

Shutdown snarls Fed's bond-buying tapering plans

Blame it on the shutdow n: The disruptions to government economic data w ill muddy the Fed's assessment of theeconomy's health for months and likely delay any plans to taper its bond-buying program. Jon Hilsenrath reports.

Photo: Getty Images.

Sales growth is doing okay versus one year ago but less so against consensus,

Greenhaus said. Next week should help shed additional light on the sales picture.

Of the 93 S&P 500 companies that have reported so far, only 53% have topped Wall

Street consensus revenue estimates, compared with a four-year average of 59%,

according to John Butters, senior earnings analyst at FactSet. But the below-average

results arent just limited to revenue. Earnings are also running light. Of the companies

that have reported so far, 69% have topped the earnings consensus, compared with a

four-year average of 73%, Butters said.

Expect corporate outlooks and commentary to trump actual third-quarter results because

of the amount of uncertainty recent political wrangling has thrown into the economy said

Paul Nolte, managing director at Dearborn Partners in Chicago.

What were looking for is some consistency in general, the consensus that the economy

will continue to bump along at 2% to 2.5% GDP, Nolte said.

So far, thats not looking that great. To date, of the 18 S&P 500 companies that haveprovided a fourth-quarter earnings outlook, 14 of the outlooks have been below

consensus, a rate of 78% compared with the five-year average rate of 63%, Butters said.

Other earnings highlights in the coming week include Dow components McDonalds Corp.

MCD-0.28%, DuPont DD-0.03%, AT&T Inc. T +0.49% , and Procter & Gamble Co. PG -0.01%.

Notable S&P 500 companies include Halliburton Co. HAL +1.45% , Netflix Inc. NFLX +1.12% ,

Amgen Inc.AMGN -0.80% , TripAdvisor Inc. TRIP-1.20% , Amazon.com Inc. AMZN +5.84% ,

Colgate-Palmolive Co. CL -0.41% , Ford Motor Co. F -0.29% , Dow Chemical Co. DOW -0.19% ,

and United Parcel Service Inc. UPS +1.17%

In a recent note, Goldman Sachs highlighted 20 companies (excluding financials and

utilities) it sees as top contributors to revenue growth for the third quarter. Of those

companies, Amazon.com, WellPoint Inc. WLP-2.49% , McKesson Corp. MCK-0.96%, Boeing,

Microsoft, Freeport-McMoRan Copper & Gold Inc. FCX +0.52% , and United Technologies

report in the coming week.

What about the data?

With the federal government fully open, the Labor Department said it will release thedelayed September jobs report on Tuesday. Other data set to come out include

September existing home sales on Monday, jobless claims on Thursday, and the University

of Michigan consumer sentiment index for October on Friday. Tentatively scheduled are

September new home sales for Thursday and September durable goods orders on Friday.

That data, however, may be treated with some skepticism due to the government

shutdown. With the threatened shutdown in September and the actual shutdown in

October, the economy wasnt functioning properly, Dearborns Nolte said.

I think data will get discounted, Nolte said. We wont get clean data until December.

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3/20



Volume: 156.66M

Oct. 18, 2013 4:33p

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S&P 500 IndexUS : S&P Base CME

1,744.50+11.35+0.65%

Volume: 685.30M

Oct. 18, 2013 4:33p

ADD TO PORTFOLIO COMP

NASDAQ Composite IndexUS : U.S.: Nasdaq

3,914.28+51.13+1.32%

Volume: 0.00

Oct. 18, 2013 5:16p

ADD TO PORTFOLIO TRV

Travelers Cos. Inc.US : U.S.: NYSE$86.58+0.56+0.65%

Volume: 1.99M

Oct. 18, 2013 4:03p

P/E Ratio

11.07Dividend Yield

2.31%Market Cap

$32.33 billionRev. per Employee

$852,623

ADD TO PORTFOLIO SPG

Simon Property Group Inc.US : U.S.: NYSE

$158.01-0.59-0.37%

Volume: 1.19M

Oct. 18, 2013 4:01p

P/E Ratio

41.25Dividend Yield

2.91%Market Cap


$914,745

ADD TO PORTFOLIO BEN

Franklin Resources Inc.US : U.S.: NYSE

$53.85+0.34+0.64%

Volume: 2.37M

Oct. 18, 2013 4:00p

P/E Ratio

16.09Dividend Yield

0.74%
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4/20



Market Cap


$918,864

ADD TO PORTFOLIO STT

State Street Corp.US : U.S.: NYSE

$69.77+0.25+0.36%

Volume: 2.02M

Oct. 18, 2013 4:07p

P/E Ratio

14.94Dividend Yield

1.49%Market Cap


$326,939

ADD TO PORTFOLIO NDAQ

NASDAQ OMX Group Inc.US : U.S.: Nasdaq

$34.15+0.07+0.19%

Volume: 623,003

Oct. 18, 2013 4:00p

P/E Ratio

18.56Dividend Yield

1.52%Market Cap


$1.22M

ADD TO PORTFOLIO UTX

United Technologies Corp.US : U.S.: NYSE

$107.74-0.28-0.26%

Volume: 2.64M

Oct. 18, 2013 4:03p

P/E Ratio

18.60Dividend Yield

2.19%Market Cap


$284,018

ADD TO PORTFOLIO BA

Boeing Co.US : U.S.: NYSE

$122.52+0.23+0.19%

Volume: 3.86M

Oct. 18, 2013 4:03p

P/E Ratio

22.16Dividend Yield

1.58%Market Cap
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5/20




$476,021

ADD TO PORTFOLIO CAT

Caterpillar Inc.US : U.S.: NYSE

$87.34+1.49+1.74%

Volume: 1,250

Oct. 18, 2013 4:01p

P/E Ratio

13.46Dividend Yield

2.75%Market Cap


$481,494

ADD TO PORTFOLIO MMM

3M Co.US : U.S.: NYSE

$122.84+0.22+0.18%

Volume: 2.52M

Oct. 18, 2013 4:01p

P/E Ratio

18.96Dividend Yield

2.07%Market Cap


$345,244

ADD TO PORTFOLIO MSFTMicrosoft Corp.US : U.S.: Nasdaq

$35.16+0.20+0.57%

Volume: 40.68M

Oct. 21, 2013 5:09a

P/E Ratio

13.45Dividend Yield

3.20%Market Cap


$784,384

ADD TO PORTFOLIO MCD

McDonald's Corp.US : U.S.: NYSE

$95.20-0.27-0.28%

Volume: 203

Oct. 18, 2013 4:00p

P/E Ratio

17.31Dividend Yield

3.40%Market Cap

$95.17 billion
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6/20



Rev. per Employee

$63,167

ADD TO PORTFOLIO DD

E.I. DuPont de Nemours & Co.US : U.S.: NYSE

$59.62-0.02-0.03%

Volume: 3.48M

Oct. 18, 2013 4:00p

P/E Ratio

21.69Dividend Yield

3.02%Market Cap


$499,571

ADD TO PORTFOLIO T

AT&T Inc.US : U.S.: NYSE

$34.61+0.17+0.49%

Volume: 800

Oct. 18, 2013 4:00p

P/E Ratio

26.02Dividend Yield

5.20%Market Cap


$528,628

ADD TO PORTFOLIO PG

Procter & Gamble Co.US : U.S.: NYSE$79.41-0.01-0.01%

Volume: 7.71M

Oct. 18, 2013 4:00p

P/E Ratio

19.66Dividend Yield

3.03%Market Cap


$695,595

ADD TO PORTFOLIO HAL

Halliburton Co.US : U.S.: NYSE

$52.47+0.75+1.45%

Volume: 11.95M

Oct. 18, 2013 4:00p

P/E Ratio

25.60Dividend Yield

0.95%Market Cap

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7/20



$393,041

ADD TO PORTFOLIO NFLX

Netflix Inc.US : U.S.: Nasdaq

$337.23+3.73+1.12%

Volume: 200

Oct. 21, 2013 6:25a

P/E Ratio

397.02Dividend Yield

N/AMarket Cap


$1.93M

ADD TO PORTFOLIO AMGN

Amgen Inc.US : U.S.: Nasdaq

$114.92-0.93-0.80%

Volume: 2.57M

Oct. 18, 2013 4:00p

P/E Ratio

18.99Dividend Yield

1.64%Market Cap


$978,278

ADD TO PORTFOLIO TRIP

TripAdvisor Inc.US : U.S.: Nasdaq$71.87-0.87-1.20%

Volume: 2.49M

Oct. 18, 2013 4:00p

P/E Ratio

45.75Dividend Yield

N/AMarket Cap


$545,371

ADD TO PORTFOLIO AMZN

Amazon.com Inc.US : U.S.: Nasdaq

$328.93+18.16+5.84%

Volume: 5.82M

Oct. 18, 2013 4:00p

P/E Ratio

N/ADividend Yield

N/AMarket Cap


$756,199
http://www.marketwatch.com/investing/stock/AMZN?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/TRIP?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/AMGN?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/NFLX?link=MW_story_hoverquote


8/20



ADD TO PORTFOLIO CL

Colgate-Palmolive Co.US : U.S.: NYSE

$62.81-0.26-0.41%

Volume: 4.62M

Oct. 18, 2013 4:01p

P/E Ratio

26.01Dividend Yield

2.17%Market Cap


$458,329

ADD TO PORTFOLIO F

Ford Motor Co.US : U.S.: NYSE

$17.48-0.05-0.29%

Volume: 100

Oct. 21, 2013 6:04a

P/E Ratio

11.17Dividend Yield

2.28%Market Cap


$833,339

ADD TO PORTFOLIO DOW

Dow Chemical Co.US : U.S.: NYSE

$41.31-0.08-0.19%

Volume: 4.81M

Oct. 18, 2013 4:00p

P/E Ratio

18.52Dividend Yield

3.10%Market Cap


$1.04M

ADD TO PORTFOLIO UPS

United Parcel Service Inc. Cl BUS : U.S.: NYSE

$93.00+1.08+1.17%

Volume: 3.09M

Oct. 18, 2013 4:00p

P/E Ratio

104.49Dividend Yield

2.67%Market Cap


$136,699
http://www.marketwatch.com/investing/stock/UPS?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/DOW?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/F?link=MW_story_hoverquotehttp://www.marketwatch.com/investing/stock/CL?link=MW_story_hoverquote


9/20



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ADD TO PORTFOLIO WLP

WellPoint Inc.US : U.S.: NYSE

$86.38-2.21-2.49%

Volume: 3.35M

Oct. 18, 2013 4:00p

P/E Ratio

9.31Dividend Yield

1.74%Market Cap


$1.53M

ADD TO PORTFOLIO MCK

McKesson Corp.US : U.S.: NYSE

$141.45-1.37-0.96%

Volume: 1.50M

Oct. 18, 2013 4:03p

P/E Ratio23.84Dividend Yield

0.68%Market Cap


$2.85M

ADD TO PORTFOLIO FCX

Freeport-McMoRan Copper & Gold Inc.US : U.S.: NYSE

$34.89+0.18+0.52%Volume: 15.09M

Oct. 18, 2013 4:01p

P/E Ratio

12.37Dividend Yield

3.58%Market Cap


$532,853

Wallace Witkowski is a MarketWatch news editor in San Francisco. Follow him on Twitter

@wmwitkowski.

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11/20



1 minute agoVera Fayed

@Chas Caldwell Did you even read the link you posted? Aussie market at 5

year high. New Zealand the same.

1 hour agoChas Caldwell

Mexico Slams NSA For Hacking President's Email

37 minutes agoSH Moder

It was reported last week Canada was doing the same to Canadian citizens, as

well as to Brazil. Canada's spies hacked phones and computers belonging to

Brazils Mines and Energy Ministry.

Brazil furious at Canadian spying tactics

Brazilian President says what thinks of Canada ---- Brazil is furious at Canada

because their electronic spy agency listened in on the Brazilian Mines and

Energy Ministry committing "industrial espionage". It even spied on the

minister himself.

http://www.boston.com/news/world/canada/2013/10/08/canada-very-

concerned-about-spying-report/4rdyh8iJ2Jz2C114yd9uOO/story.html

1 hour agoChas Caldwell

White House de ems health e xchange glitches 'unacceptable,' GOP calls ...

The U.S. government has reopened, but the Obama administration now faces a new

potential political disaster - glitch-laden federal health care exchanges.

3 hours agoDoug Dallas

Octaper is highly likely. If confirmed by Senate, Yellen will begin her term next year.

So, to get performance credit, she would like to get equity market down big before

January next year, so her performance will be measured from low level.

As you know, Octaper will cause stock market crash for sure. Yellen would want

stock market crash now before her term begins, not during her term.

So, Octaper is always on Yellen's mind. That is, stock market crash now is on

Yellen's mind.

1 hour agoSH Moder

@Dougie Dallas

Not likely at all !!!

First, unemployment data for September will not released until this week.

Secondarily, even Fed members stated late last week they do not want tapering

to begin because they are extremely concerned about recent weakness in BLS

employment reports. A major reason Fed members stated last wee k for

delaying tapering in October is labor participation rates have bee n

declining due to American's giving up trying to find employment.
http://www.nydailynews.com/news/politics/white-house-deems-health-glitches-unacceptable-gop-calls-obamacare-doa-article-1.1491281http://www.boston.com/news/world/canada/2013/10/08/canada-very-concerned-about-spying-report/4rdyh8iJ2Jz2C114yd9uOO/story.htmlhttp://www.cornwallseawaynews.com/Blog-Article/b/25206/Brazil-furious-at-Canadian-spying-tacticshttp://world.time.com/2013/10/21/mexico-slams-nsa-for-hacking-presidents-email/


12/20



1 hour agoSH Moder

Doug, if you would have read Fed member comments late last week you would

know they said more concrete datum is needed regarding unemployment.

One reason has to do with economic effects upon employment in the United

States of non-government employment as a result of the government shutdown

and sequestration.

Due to Fed members exact comments last week about the labor participation

rate and unemployment, the highest probability is tapering will not occur until

after the October BLS report is issued in November at the soonest.

3 hours agoPeter Koller

Market's looking a tad tired (for good reason).

3 hours agoChas Caldwell

THE GREAT FISCAL RESPONSIBILITY DIVIDE WIDENS...

With new budget deadlines, top Hill lawmakers appear as far apart as e ver

4 hours agoMarc Hilton

Gold will rally today as the $ will drop


@Marc Hilton

No. Actually USD is rising, so gold is likely to fall.

The key reason for rising USD might be due to Octaper, which could come

shockingly.

Yellen probably will make a gesture of being neutral by initiating Octaper

primarily to ensure Senate confirmation.

In addition, she might want to put pressure on Congress to get budget deal

quickly without another government shutdown. Octaper will exactly do that.

Otherwise, Congress will do the same complacency-driven government

shutdown.


The US dollar has nothing to do with the price of gold, Marc. As to gold

it will be rapidly heading to be low $999 and then on to fair value of

around $450 per ounce. Helllllllllloooo.

1 hour agoBear Bull

@Chas Caldwell

You've been saying that for months and months, yet it still hasn't happened.

You don't have a clue.
http://news.google.com/news/url?sr=1&sa=t&ct2=us%2F0_1_g_0_0_t&gid=BNB&bvm=section&usg=AFQjCNGKgr_XjMmHOrFjVqFi7nBiw7kyLw&did=-4157916237990847464&cid=43982194290729&ei=2tFkUuiJKajKmAKO-gE&rt=HOMEPAGE&vm=STANDARD&authuser=0&url=http%3A%2F%2Fwww.foxnews.com%2Fpolitics%2F2013%2F10%2F20%2Fwith-new-budget-deadlines-top-hill-lawmakers-appear-as-far-apart-as-ever%2F


13/20



7 hours agoHail Mary Contra

Weak DXY was the driver for US equity to rise almost doubled for last 5 years.

So far this year DXY has fallen significantly to support equity market gain about 20%.

No more. Other countries, in particular Japan, finally figured out how to jack up stock

market.

So, most countries are now doing the same money printing like US did for last 5

years, US equity market will become the main victim, because the effects of USmoney printing is virtually being offset by others' doing the same. Time to get the

Hell Out.


The US dollar hasn't bee n weak at all over the past 3 years and the US

dollar soared this year to a 3 year high of 84.14 and is not far off that

right now and will soon be up over that and on its way to 90 and then

100 on the DXY.

2 hours agoPat Hanaway

@Chas Caldwell the dollar is closer to 52 week low than a 52 week high and

has been falling steadily for the past several months.

52 week high 84.75

52 week low 78.92

current 79.69

1 hour agoBear Bull

@Pat Hanaway

You can't reason with idiocy, even with proof he will ignore what you say.

7 hours agomichael romanovsky

FFS guys, you need to stop posting at night... spotted two typos on your main page

earlier.


@ Chas Caldwell - ABSOLUTELY FRIGHTENING. Far out I wasn't aware of China

topping the money printing list. Has it all been (up to now) relatively camouflaged to

a degree because quintessentially we are in a global deflationary environment so

the inflationary effects of such aren't as apparent?


Yep on all points, Peter.


14/20




FHFA Said to Seek More Than $6 Billion From BofA for MBS Sales

A U.S. housing regulator is seeking at least $6 billion from Bank of America Corp. to

settle civil claims the firm sold faulty mortgage bonds to government-backed finance

companies Fannie Mae and Freddie Mac, according to a person with direct

knowledge

8 hours agoPATRICK MCMANUS

@Chas Caldwell - Genius! I have more faith in our .gov every day!

Step 1) Make big banks Too big to Fail

Step 2) Extort large sums of money into the Federal coffers in exchange for said

designation


You forgot Ste p 0 which started it all and which was the US

gove rnment forcing the big banks like JPMC and BAC nearly at

gunpoint to ACQUIRE BADLY M ANAGED FAILING BANKING

OPERATIONS such as Bear Sterns and Washington Mutal in the case

of JPMC and Countrywide and Me rrill Lynch in the case of BAC. The

government cases against JPMC and BAC are NOW BLAMING JPMC

AND BAC FOR THE PRIOR ACTS OF THE BANKING ENTITIES THEY

WERE FORCED TO ACQUIRE. Pretty clev er, e h?@Chas Caldwell

7 hours agoSH Moder

@Patrick McManus

Morale of the story: The Obama administration is sending a very clear

message to banks, bankers, and shareholders around the entire world ----

Never Trust Or Do Business With The United States Government.

In 2008, during the flames of the great financial crisis the United States

government "ASKED" both JPMChase and Jaime Dimon to buy Bear

Stearns.

Now the Obama administration is suing JPMChase for the mortgage

backed securities that were a part of the Bear Stearns deal the

United States government has ASKED them to buy.


In money-printing competition, YEN is taking the lead and USD is right behind. They

are neck and neck in running. Incredible. Making fictional stuff from thin air. Basically

it is stealing stuff from others.


@Hail Mary Contra - You mean 'financialization' actually has no value in and of

itself? How about that.. Now, if only the rest of the World would catch on, maybe

we could actually start producing real growth instead of this make-believe we are
http://www.bloomberg.com/news/2013-10-20/fhfa-said-to-seek-more-than-6-billion-from-bofa-for-mbs-sales.html


15/20



rich scheme.. I'm not holding my breath though.


@PATRICK MCMANUS@Hail Mary Contra You misspelled

financialization

It has no real value in and of itself. It has to be exchanged to real value to

make it work. But, the problem is that its role is limited and it reached the limit

in US long time ago like 3~5 years ago.


@Doug Dallas - Another victim of auto spell correct. Thank you for that

catch. I like your explanation too - that 'it has to be exchanged to real

value to make it work'.. That's correct, and apparently, we ran out of

'greater fools' 3~5 years ago..or something like that.. Anyway, I guess

the whole argument is, 'what is valuable?' I personally never saw 'value'

in financial products except for what the 'profit' could go buy you - and I

guess that's what you're trying to say. Personally, I agree with Hail Mary,

that it is basically just stealing stuff from others - and we're actually quitefrightened that the rest of the World will figure this out ;-)


Actually not at all. The runaway leader in the money printing competition

is China with the renminbi (yuan), followed by Japan with their yen, and

then followed by the EuroZone with the Euro, and dead last in fourth

place is the US with the dollar.

1 hour ago

Sal Gentile

@Chas Caldwell Chas while you are correct about Japan being the

Champion at printing and pumping ___it has little or no effect on the value of

the yen and their interest rates still remain the lowest of any nation. Japan is

a clear demonstration that printing huge sums of Funny Money has no real

negative impact __since Japan has been doing it for over 30 years without

much devaluation of the yen..


Both US and Japan are printing money heavily and use the money to buy stuffs from

China and other countries. Both are having good time for now, not knowing bigtrouble is right around the corner.

Japan's trade deficits are unbelievable. Their money printing is doing the trick now,

but how long will it last? Not very long.


CHINA IS THE RUNAWAY LEADER BY MILES WITH MONEY PRINTING.

http://www.telegraph.co.uk/finance/china-business/10123507/Fitch-says-

China-credit-bubble-unprecedented-in-modern-world-history.html
http://www.telegraph.co.uk/finance/china-business/10123507/Fitch-says-China-credit-bubble-unprecedented-in-modern-world-history.html


16/20




Equity futures are still up Hail Mary but have turned so maybe time for prayers

SHORTly.


Equity futures are down, Bonds are down.

Both gold and USD going higher means one thing: equity will be in big plunge.

Japan has to lower their YEN, and USD will rise big. US exports will plunge and US

will fall to recession.

8 hours agoBill H Illify

Interesting..but quite possible


Gold has not moved. The US dollar is up very slightly.


$US rallying a little after Japan's record trade deficit.

Hang on to your hats equity players.

The time maybe nigh.


Japan is the biggest de bt wreckage in the history of the world. Japan's

gove rnment debt is nearing 250% of Japan's GDP and the nominal

amount of that debt is ov er $12.5 trillion compared to the $16.5 trillion of

the US despite the fact that Japan is a small country with an economy

only one-third the size of that o f the US.

10 hours agoDat Tran

LOOK EVERYONE ON HERE. The reason why this whole market is a sham and

totally manipulated government numbers spewing out is because of your OWN

doing. Those who voted for Obama had no idea how crazy this guy really is. He is

the FIRST BLACK PRESIDENT. No way in hell is he going to let the economy

flounder under his watch. It would literally inflamed every white supremist in this

country and affluent whites. BUT I promise you he will let it fall once his tenure is

over and all you guys can have your DEPRESION that you wish for. Until than, this

market will keep going up.



17/20



FBI called in to investigate violent threats against Ted Cruz

8 hours agoDennis Regin

Path will lead to Obama.

10 hours agoAl Bender

Jeb Bush suggested that Republicans need to come up with an alternative to

Obamacare, to kill it. Wow. He is the first Republican I have ever heard that has

suggested that Republicans actually improve the healthcare situation. For the last

25 years, they have done everything in their power to make sure it only gets worse.


The government NEEDS T GET TOTALLY OUT OF THE MEDICAL INDUSTRY

and has no business whatsoever meddling with it.


@Chas Caldwell

Runaway health care costs is the reason why we have such a big debt, and

it also make American companies less competitive.


Whose fault is that but the HOSPITAL INDUSTRY WHICH IS VASTLY

OVERCHARGING FOR ITS SERVICES? The solution is for thegov ernment to CUT ALLOWABLE CHARGES BY 80% to 90% for

Me dicare and Me dicaid and to totally scrap Medicare Part D and

instead implement the VA Plan for drugs which lowers their costs

to 7% thereby saving 93% of costs due to large negotiated

volume discounts with pharmaceuticals.


Excellent Point Chas....for way of comparison look at the cost trend of

elective Lasik Eye surgery...


Actually the corporate tax structure is causing companies to be less

competitive

9 hours agoGlenn Cheswick

@Al Bender@Chas Caldwell Anytime the USG gets involved in a

program they create massive inflation in that sector, e.g., healthcare,

education. housing.
http://www.dailymail.co.uk/news/article-2468491/Police-investigating-violent-threats-Twitter-Ted-Cruz.html


18/20




Stock market

1 hour agoSal Gentile

@Chas Caldwell I have to disagree in your statement above. Ifhospitals were 'overcharging' as you claim ___ they would not be going

bankrupt one after another all over the USA and closing their door

forever. High drug prices is what pays for the research costs of finding

new medications. Without the potential reward of profits in the

pharmaceutical industry __ no company will invest in research. The

Federal and the State governments can reduce reimbursement rates all

they want ___ but they cannot force hospitals and doctors to accept

medicare/medicaid patients. Already most doctors refuse to accept

medicare patients. Chas, I am just curious ___ do you think government

should also set rates for plumbers, electricians, auto repair shops,

ac/heating repairmen?

Chas I want to purchase a new personal jet aircraft and a brand new 110

foot yacht, but the ones I want are pr iced at more than I can afford to

pay ___so should the government also set the prices the jet passengeraircraft and luxury yachts also to make them more affordable? Chas you

are like a dog chasing his own tail. On one hand you say the

government should stay out of it and then on the other hand you say the

government needs to set the medical prices.

20 minutes agoSteve Po

Well said Sal.. and hospitals have raised prices to keep pace with

skyrocketing bad debts, hence the need for the ACA and the health

mandate.


You are in the minority if you think that the health care industry can fix itself.


When did I ever say it could "fix itself" at all, Al?


Sorry AL...the current plan will exasperate all the issues that are trying

to be solved


@Chas Caldwell Agree - let the market sort it out. Gov involvement only

creates related inflation without the real benefit.


19/20



10 hours agoRobert Griggs

@Al BenderTrue it was broken before Obama care came about, but now

Obama care has made health care unaffordable to the masses, and has created

an expensive business unlike the past health care system, because now it is

health care on steroids. As soon as one makes it a law, it takes it out of the free

market system and it doubles costs.


@Robert Griggs@Al Bende r

Check out the prices first hand please, then decide. Don't believe what you

hear, it's not true. Republicans are scared of Obamacare, because it is

going to lower the prices.


@Al Bender@Robert Griggs Subsidiaries are like tariffs, they comeback to bite many and they are no solution.


Soon insurance prices won't be of any concern at all if the ACA

stands, as ALL MEDICAL EXPENSE INSURANCE WILL BE TOTALLY

WITHDRAWN and all existing policies cancelled and nobody will

have to worry at all about insurance prices be cause they will go

to ZERO.


@Robert Griggs@Al Bende rACA could end up a massive gov

entitlement program. It will be hard for the program to cover its own

expenses. This will start coming to light Q1 2014.


@Glenn Cheswick@Robert Griggs@Al Bende rRight, makes a

good argument on where to invest, doesn't it?


@Robert Griggs@Glenn Cheswick@Al Bende rHealthcare going

through a mini correction, but it still looks good long term.


If the ACA is not ended, the n within a ve ry short time all medical

expense insurers will be facing INSOLVENCY and will cancel all

coverages for everyone and shut down, leaving the whole mess


20/20


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