TheStreet will sell The Deal and BoardEx for $87.5M

Jim Cramer, host of CNBC’s Mad Money, will have a little more of that now as his financial news company, TheStreet, has agreed to sell its two largest divisions, The Deal and BoardEX, to Euromoney for $ 87.5 million. But the remaining company will be a shadow of its former self and could be sold or…
Media | New York Post

SPECIAL DISCOUNT DEAL:

Stephen Hawking’s thesis and wheelchair sell for $1 million

A motorized wheelchair used by the late British physicist Stephen Hawking sold at auction on Thursday for almost 300,000 pounds ($ 391,740.00) while a dissertation raised nearly twice that at a sale to raise money for charity.


Reuters: Science News

BEST DEAL UPDATE:

Spire.io – Over 50 Million Minutes of Calm Discovered!

AFM: Light Chaser Animation’s ‘Cats,’ ‘White Snake’ Sell For All Rights

Warner Bros. has boarded “White Snake,” a fantasy adventure story from China’s Light Chaser Animation Studios. The film is being represented in international markets by Hong Kong- and Paris-based All Rights Entertainment. Warner is credited as a co-producer and has rights in China. The Hollywood studio is currently negotiating to take rights in other major […]

Variety

SHOPPING DISCOUNT UPDATE:

Germany won’t sell arms to Saudia Arabia

Newsy

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Medicare Advantage Riding High As New Insurers Flock To Sell To Seniors

Health care experts widely expected the Affordable Care Act to hobble Medicare Advantage, the government-funded private health plans that millions of seniors have chosen as an alternative to original Medicare.

To pay for expanding coverage to the uninsured, the 2010 law cut billions of dollars in federal payments to the plans. Government budget analysts predicted that would lead to a sharp drop in enrollment as insurers reduced benefits, exited states or left the business altogether.

But the dire projections proved wrong.

Since 2010, enrollment in Medicare Advantage has doubled to more than 20 million enrollees, growing from a quarter of Medicare beneficiaries to more than a third.

“The Affordable Care Act did not kill Medicare Advantage, and the program looks poised to continue to grow quite rapidly,” said Bill Frack, managing director with L.E.K. Consulting, which advises health companies.

And as beneficiaries get set to shop for plans during open enrollment — which runs from Monday through Dec. 7 — they will find a greater choice of insurers.

Fourteen new companies have begun selling Medicare Advantage plans for 2019, several more than a typical year, according to a report out Monday from the Kaiser Family Foundation. (KHN is an editorially independent part of the foundation.)

Overall, Medicare beneficiaries can choose from about 3,700 plans for 2019, or 600 more than this year, according to the federal government’s Centers for Medicare & Medicaid Services.

CMS expects Medicare Advantage enrollment to jump to nearly 23 million people in 2019, a 12 percent increase. Enrollees shopping for new plans this fall will likely find lower or no premiums and improved benefits, CMS officials say.

With about 10,000 baby boomers aging into Medicare range each day, the general view of the insurance industry, said Robert Berenson, a Medicare expert with the nonpartisan Urban Institute, “is that their future is Medicare and it’s crazy not to pursue Medicare enrollees more actively.”

Bright Health, Clover Health and Devoted Health, all for-profit companies, began offering Medicare Advantage plans for 2018 or will do so for 2019.

Mutual of Omaha, a company owned by its policyholders, is also moving into Medicare Advantage for the first time in two decades, providing plans in San Antonio and Cincinnati.

Some nonprofit hospitals are offering Medicare plans for the first time too, such as the BayCare Health system in the Tampa, Fla., area.

While Medicare beneficiaries in most counties have a choice of several plans, enrollment for years had been consolidated into several for-profit companies, primarily UnitedHealthcare, Humana and Aetna, which have accumulated just under half the national enrollment.

These insurance giants are also expanding into new markets for next year. Humana in 2019 will offer its Medicare HMO in 97 new counties in 14 states. UnitedHealthcare is moving into 130 new counties in 13 states, including for the first time Minnesota, its headquarters for the past four decades.

Extra Benefits

Seniors have long been attracted to Advantage plans because they often include benefits not available with government-run Medicare, such as vision and dental coverage. Many private plans save seniors money because their premiums, deductibles and other patient cost sharing are lower than what beneficiaries pay with original Medicare. But there is a trade-off: The private plans usually require seniors to use a restricted network of doctors and hospitals.

The federal government pays the plans to provide coverage for beneficiaries. When drafting the ACA, Democratic lawmakers targeted the Medicare Advantage plans because studies had shown that enrollees in the private plans cost the government 14 percent more than people in the original program.

Medicare plans weathered the billions in funding cuts in part by qualifying for new federal bonus payments available to those that score a “4” or better on a five-notch scale of quality and customer satisfaction.

Health plans also gained extra revenue by identifying illnesses and health risks of members that would entitle the companies to federal “risk-adjustment” payments. That has provided hundreds of billions in extra dollars to Medicare plans, though congressional analysts and federal investigators have raised concerns about insurers exaggerating how sick their members are.

A study last year found that those risk adjustments could add more than $ 200 billion to the cost of Medicare Advantage plans in the next decade, despite no change in enrollees’ health.

For-profit Medicare Advantage insurers made a 5 percent profit margin in 2016 — twice the average of Medicare plans overall, according to the Medicare Payment Advisory Commission, which reports to Congress. That’s slightly better than the health insurance industry’s overall 4 percent margin reported by Standard & Poor’s.

Those profit margins could expand. The Trump administration boosted payments to Medicare Advantage plans by 3.4 percent for 2019, 0.45 percentage points higher than the 2018 increase.

Betsy Seals, chief consulting officer for Gorman Health Group, a Washington company that advises Medicare Advantage plans, said many health plans hesitated to enter that market or expand after President Donald Trump was elected because they weren’t sure the new administration would support the program. But such concerns were erased with the announcement on 2019 reimbursement rates.

“The administration’s support of the Medicare Advantage program is clear,” Seals said. “We have seen the downstream impact of this support with new entrants to the market — a trend we expect to see continue.”

Getting Consumers To Switch

Since the 1960s, Mutual of Omaha has sold Medicare Supplement policies — coverage to help beneficiaries in government-run Medicare pay the portion of costs that program doesn’t pick up. But the company only briefly entered the Medicare Advantage business once — in its home state of Nebraska in the 1990s.

“In the past 10 or 20 years it never seemed quite the right time,” said Amber Rinehart, a senior vice president for the insurer. “The main hindrance was around the political environment and funding for Medicare Advantage.”

Yet after watching Medicare Advantage enrollment soar and government funding increase, the insurer has decided now is the time to act. “We have seen a lot more stability of funding and the political tailwinds are there,” she said.

One challenge for the new insurers will be attracting members from existing companies since beneficiaries tend to stick with the same insurer for many years.

Vivek Garipalli, CEO of Clover Health, said his San Francisco-based company hopes to gain members by offering low-cost plans with a large choice of hospitals and doctors and allowing members to see specialists in its network without prior approval from their primary care doctor. The company is also focused on appealing to blacks and Hispanics who have been less likely to join Medicare Advantage.

“We see a lot of opportunity in markets where there are underserved populations,” Garipalli said.

Clover has received funding from Alphabet Inc., the parent company of Google. Clover sold Medicare plans in New Jersey last year and is expanding for 2019 into El Paso, Texas; Nashville, Tenn.; and Savannah, Ga.

Newton, Mass.-based Devoted Health is moving into Medicare Advantage with plans in South Florida and Central Florida. Minneapolis-based BrightHealth is expanding into several new markets including Phoenix, Nashville, Cincinnati and New York City.

BayCare, based in Clearwater, Fla., is offering a Medicare plan for the first time in 2019.

“We think there is enough market share to be had and we are not afraid to compete,” said Jim Beermann, vice president of insurance strategy for BayCare.

Hospitals are attracted to the Medicare business because it gives them access to more of premium dollars directed to health costs, said Frack of L.E.K. Consulting. “You control more of your destiny,” he added.

Kaiser Health News

BEST DEAL UPDATE:

Say What Now? Mother Among Four Arrested for Trying to Sell Babies on Instagram

Indonesian authorities busted a child trafficking operation that involved buying and selling babies on Instagram.

via CNN:

Four people were arrested, including a 22-year-old mother and 29-year-old suspected broker in Indonesia’s second largest city Surabaya, police said in a press conference Sunday.

A midwife and a suspected buyer were also arrested on the resort island of Bali.

Authorities were alerted to an account on the popular photo-sharing site with the handle “Konsultasi Hati Privat,” or Private Heart Consultation, that presents itself as offering pregnancy consultations and adoption services.

However, police said they have found evidence that monetary transactions were being carried out.

The head of criminal investigation unit in Surabaya’s police force , AKBP Sudamiran, said Tuesday that his team foiled an attempt by a 22-year-old mother, identified as LA, to sell her 11-month-old baby to a buyer in Bali, known as NS, using the messaging service WhatsApp. The baby was allegedly being offered for 15 million rupiah (about $ 987).

The Instagram account was still active early Friday and had more than 700 followers, having been running for about a year. It has since been taken down.

Images featured on the page included black and white photos of ultrasounds, pregnant mothers and babies with their faces blurred.

In one image posted on September 15, a baby, referred to as C86, was featured alongside information such as age, gender and religion. A contact number is provided with a message urging those who want to adopt or who want to leave a child for adoption to get in touch.

The account also featured screenshots from WhatsApp conversations between the account owner and pregnant women or mothers. In one conversation, a woman who is seven months pregnant says she is unmarried and wants to find someone to adopt her child and to hide her until she gives birth so that her family doesn’t find out.

The head of Indonesia’s National Commission for Child Protection (KPAI), Sustano, who like many Indonesians has one name, said social media has changed the way traffickers conduct business.

“In the old days, the transaction happened in person and it was usually arranged through a middleman,” he said. “But now, they are using new and more advance methods, through social media like Instagram and Facebook. The cyber world has become a tool for promotion and transaction.”

Sustano says traffickers are drawn to social media because “it is considered more effective, the deal happens directly between seller and buyer, and it is not easy to be detected by law enforcement.

“If the use of Instagram is proven in this case then it shows how traffickers constantly adapt to new methods for their trade,” added Amanda Bissex, Chief of Child Protection at UNICEF. She believes it’s now important that authorities “adapt their policy and legislative response to prevent such crimes, particularly against children, young girls and women.”

Indonesia is a major source, transit, and destination country for human trafficking. The United Nations Children’s Fund (UNICEF) estimates that 100,000 children are trafficked each year in Indonesia, with the majority being forced into the sex trade.

In its 2018 Trafficking in Persons Report, the US government rated Indonesia as Tier 2, saying that the country “did not fully meet the minimum standards for the elimination of trafficking.” Indonesia was however, “making significant efforts to do so.”

All four of the arrested individuals face up to 15 years in prison for violating child protection laws.

The post Say What Now? Mother Among Four Arrested for Trying to Sell Babies on Instagram appeared first on lovebscott – celebrity news.

lovebscott – celebrity news

BEST DEAL UPDATE:

Popeyes Plans To Sell Wings ‘Dipped In Champagne And Coated In 24-Karat Gold’

(Thinkstock photo)

If you’re hungering to level up your chicken game, look no further than Popeyes, as the restaurant chain is selling wings that have been coated in REAL 24-karat gold batter and dipped in champagne.

via USA TODAY:

The lavish dish is Popeyes’ way of celebrating its 3,000th restaurant, which opened on 868 C E Grand Street in Elizabeth, New Jersey, in August 2018. That location is one of the four Popeyes restaurants across the country that will be selling the celebratory menu item. The other three are located in New York City (at 75 Lexington Avenue), New Orleans, Louisiana, (at 621 Canal St) and Anaheim, California, (at 1005 North Magnolia Blvd.)

If the powers that be are pleased with how consumers respond, Popeyes might bring the gold-battered chicken to additional establishments, including any one of its locations across 30 countries worldwide, the report states.

“We wanted to share this celebration with our fans, so our chefs cooked up something extra special for them,” Popeyes president Alex Santoro said in a press release. “It’s a fun way for guests to celebrate this milestone right along with us.”

Penny pinchers will be thrilled to know that Popeyes’ 24-Karat Champagne Wings are surprisingly affordable. They’re served as a value meal that includes six boneless wings, a choice of side dish, and a biscuit for $ 5.

[ione_media_gallery id=”168903″ overlay=”true”]

HEAD BACK TO THE BLACKAMERICAWEB.COM HOMEPAGE

 

Life & Style – Black America Web

BEST DEAL UPDATE: