Epstein Secrets

lows. Our base case valuation of $35 assumes flat revenue over the ensuing five year period driven by half the allowable PAMA cuts co Medicare and Medicaid reimbursement races. We do not model pricing pressure from private health insurers despite evidence that suggests otherwise. We believe we are bein

duce its overall interest expense. That was a positive while the debt markets remained open but created a problem when debt markets seized after Lehman collapsed and they could not rollover their short maturity debt. GGP was in a strange limbo for a few months after it had defaulted on its debt

net since Medicare. Mr. Romney doesn't have an economic plan at all, but he is determined not just to repeal Obamacare but to impose savage cuts in Medicaid. So never mind all those bullet points. Think instead about the 45 million Americans who either will or won't receive essential health care, dependi

ank, after charting the opposite course for three years with disastrous results, has adopted policies similar to the Fed's — and averted a potential Lehman-like collapse in Europe. (Mitt Romney's two most prominent academic advisers, Glenn Hubbard and Gregory Mankiw, seem to recognize this, but Romney

linton in Charlotte, "the arithmetic doesn't work" A Bloomberg Government study found that Republican presidential nominee Mitt Romney would strip Medicaid of $1.26 trillion over nine years as part of a plan to do away with the open-ended approach to funding the U.S. health-insurance plan and the impact

the investment bank Lehman Brothers filed for bankruptcy protection. The filing was and remains the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets, far surpassing those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S

unded liabilities on top of that. Chris Watling of Longview Economics reckons that the net present value of spending commitments under the Medicare, Medicaid and Social Security programmes is 276% of GDP. The Democrats resist cuts in entitlements and the Republicans resist tax increases, so nothing much g

market collapsed in 2008; the assets they ended up owning were illiquid, difficult to value and even harder to sell. Banks such as Bear Stearns and Lehman made the fatal mistake of assuming that the markets (often their fellow banks) would always be willing to roll over their debts, but they suffered