Liberty Mutual Insurance Schedules Third Quarter 2012 Earnings Conference Call

BOSTON--(BUSINESS WIRE)--

Liberty Mutual Holding Company Inc., the parent corporation of the Liberty Mutual Insurance group of entities (the Company), is scheduled to review its third quarter financial results on October 30, 2012. At 11:00 a.m. EDT that day, David Long, Liberty Mutual Insurance President and CEO, will host a conference call to discuss the Companys financial results.

The earnings release, financial results and other supplemental information will be available on the website http://www.libertymutual.com/investors prior to the call.

To listen to the call and participate in the Q&A, please dial 8008572190, providing the pass code Liberty when prompted. A replay will be available until 5:00 p.m. on November 6, 2012 at 866-351-2782.

For further information, please contact Alison Erbig, Vice President and Director, Investor Relations, at 617-574-6655 or email investor_relations@libertymutual.com.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 45,000 people in more than 900 offices throughout the world.

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Liberty Mutual Insurance Schedules Third Quarter 2012 Earnings Conference Call

Libertarianism not likely to yield third party

A few months ago during the primaries, there was a lot of talk about Ron Paul and the Libertarian ideology. It seemed that it had finally made its way to the table and was being talked about more especially on college campuses.

Libertarianism started to be seen as a fresh ideology and many young voters welcomed it as new and revolutionary. However, it has historical roots and has played historical roles, especially in Europe. Many people seemed surprised because the mini-wave of Libertarianism had just come.

Though having common ground with both parties may seem like an advantage to gain momentum for their movement, it could actually be a double-edged sword. I think it was very bold to think that Libertarianism could take the lead in American politics because of this.

Some voters and commentators even began to speculate whether the Libertarians have started to gain traction in becoming a mainstream party in opposition to the two major parties, and some have even theorized that eventually there will be a slight Libertarian shift in the Republican platform.

Though the Libertarians have some views branded as radical, much of the modern Libertarian ideology is actually simply just a mix between the ideologies of American conservatives and liberals as well.

Libertarians distance themselves on some key issues, but the core beliefs explain this blend and why it has not seemed to gain serious traction as a strong third party in opposition to the Democrats and Republicans, who many seem to think are the only two parties that exist.

Jon Stewart may be more of a comedian than a reporter, but I think that he hit the nail right on the head when he said on his program that the Libertarians seem to be the friendship bracelet of the two major parties in Washington.

When the Libertarians insist that privatization of public programs and institutions are the best way to run them, they gain praise from the conservatives. They also gain praise from conservatives when they support states rights and smaller government.

Liberals like the social and foreign policy views of Libertarians. Many left-leaning minds find many of the Libertarian anti-war and anti-interventionism beliefs to be favorable and also find many Libertarians views of gay marriage and the war on drugs favorable. The Libertarian views tend to lean to the left both of these social matters.

But conservatives dont like what the conservatives like about the Libertarians and vice-versa. Who knows? Politics is like the weather. But it is unlikely in my opinion that Libertarianism will start to gain serious momentum as a juggernaut political party in the U.S. anytime soon.

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Libertarianism not likely to yield third party

The libertarian/marijuana conspiracy to swing the election

The term perfect storm is so overused as to be a pathetic cliche but alas, in politics, it is about the best phrase to describe Colorado in the upcoming election. The state could decide the outcome. And if it comes down to that, it will likely be messy, for we are watching an epic convergence of factors that seem poised to make the square state 2012s version of Florida in 2000.

Here in the center of the Intermountain West, we have polls showing a nail-bitingly close race between the Democratic and Republican nominees for president. We have a chief election official, Secretary of State Scott Gessler, who has tried both to engage in mass voter purges and to block the mailing of ballots to eligible voters, all while openly saying a good election is one in which Republicans win. On the ballot, we also have a headline-grabbing ballot initiative about marijuana legalization and a popular former two-term governor of a neighboring state, Gary Johnson, running a Libertarian Party presidential candidacy.

The armchair pundits in Washington and New York typically write off these latter two factors as forces destined to aid the presidents reelection campaign. The conventional wisdom is rooted in oversimplified cartoons and caricatures of voter preferences. Essentially, the idea is that the marijuana measure will bring out liberal, Obama-loving hippies, yuppies and crunchies from Denver, Boulder and Fort Collins, while the libertarian candidates campaign will siphon conservative votes that would otherwise go to Mitt Romney, thus making Johnson the Republican version of Ralph Nader, as the New York Times predictably projects. But that kind of hackneyed red-versus-blue story line so prevalent in the national media echo chamber ignores how these forces are playing out on the ground.

The marijuana ballot measure, for instance, is defying conventional Democrat/Republican and liberal/conservative narratives, effectively scrambling the political establishments of both parties. In the last month, Colorados Democratic Party elite, led by Gov. John Hickenlooper (D) and Denver Mayor Michael Hancock (D), have repositioned themselves as committed drug warriors proudly leading the charge against the ballot measure to end the costly war on weed (this is particularly stunning for Hickenlooper, considering his famous career as a drug pusher). Meanwhile, former Colorado Republican congressman Tom Tancredo and a group of fellow GOPers made headlines recently when they wholeheartedly endorsed the measure. Put this together with the libertarian streak in Colorados Republican politics, and it becomes clear that the pot initiative could boost voting in ways that dont correspond to traditional red-versus-blue turnout models and stereotypes.

This is particularly true considering the intersection of the pot initiative and the Johnson campaign. Despite the punditocracys narratives to the contrary, the former New Mexico governor has already been taking as much or more support away from Obama in Colorado as he has been from Romney, according to polls. And Johnsons anti-Obama effect could be come much more pronounced in the next few weeks, thanks to how his supporters are deftly leveraging all hoopla around the marijuana initiative to sharpen their candidates appeal and message to disaffected Democrats.

This message is not just word-of-mouth anymore; it has been elevated to the big leagues by a new voter outreach campaign. Indeed, a new automated telephone call focused on the pot measure and playing to liberal disappointment is right now hitting Democratic households in Colorado. Heres what the message says (you can listen to the full audio below):

Hello fellow Democrat. Like you I was thrilled to vote for Barack Obama in 2008. In 2008, candidate Obama promised not to use the Justice Department to prosecute medical marijuana in states where it was legal. But the real Obama did just that, more than doubling prosecutions, putting people in prisons and shutting down medical marijuana facilities in Colorado. Thats not the change you wanted on health freedom. But you can still be a force for hope and change by voting for Gary Johnson.

Officially funded by the Libertas Institute, the message is accurate in its factual broad strokes. Candidate Obama did explicitly promise to restrain the Justice Department from prosecuting medical marijuana offenses in medical marijuana states, and President Obama has nonetheless overseen an intense Justice Department crackdown on medical marijuana in those states, directly contradicting his pledge.

Though the national media has made the unilateral decision to ignore the massive and destructive Drug War, Johnson and his supporters clearly see the issue as a perfect opening for maximum local and by virtue of the Electoral College, national impact. They can make a full-throated libertarian case against the Drug War in a state whose politics are uniquely aligned to convert that argument into an election-winning game-changer for the Republican presidential nominee.

Is this a brilliant GOP conspiracy theory? In other words, is the libertarian candidate deliberately trying to help Romney, as Obama partisans will no doubt grouse? Almost certainly not, as Johnson is no fan of Romney, to say the least. He has run a consistently honest and principled campaign that has been equal and equally harsh in its criticism of both parties. For that, despite being on most state ballots, he has been mercilessly shut out of the national debate by Americas bipartisan Political-Media-Industrial Complex. But apparently not shut out enough to potentially shift the outcome of the entire 2012 election.

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The libertarian/marijuana conspiracy to swing the election

Japan Navy video: Armada flexes muscles amid islands dispute – Video

12-10-2012 02:13 A graceful yet compellingly powerful Japanese armada has embellished the country's Sagami Bay, showcasing the latest firepower of seabound warfare. The tri-annual fleet review conducted special military maneuvers with more than 8000 troops spread over 36 vessels. Boasting an advanced Aegis radar system, new conventionally powered submarines and high-speed hovercrafts, the navy launched rockets and flares to enhance its overall display of power. READ MORE: RT LIVE Subscribe to RT! Like us on Facebook Follow us on Twitter Follow us on Google+ RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

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Japan Navy video: Armada flexes muscles amid islands dispute - Video

Faroe Islands 1-4 Rep of Ireland

The Republic of Ireland scored four second-half goals to seal a vital win over the Faroe Islands in Torshavn.

The pressure was on Giovanni Trapattoni after the hammering by Germany, but the Irish have six points from three games.

After a blank first half, Marc Wilson's 25-yard shot and a header by his Stoke team-mate Jon Walters made it 2-0.

Arnbjorn Hansen got the Faroes back into contention but the Republic netted again with a Pol Johannes Justinussen own-goal and a Darren O'Dea header.

Veteran boss Trapattoni had insisted he would not resign as manager of the Republic but, according to the Irish media, the 73-year-old needed a victory over the Group C minnows to stay in his job.

The Irish certainly made a strong start and should have scored when Aiden McGeady crossed from the right, but Keith Andrews headed wide from a great position in front of goal.

As the half wore on, though, the small band of travelling supporters sitting to the right of Football Association of Ireland chief executive John Delaney were growing impatient.

However, the visitors' nerves were settled in the first minute of the second half, when Wilson let fly to put the Irish ahead.

It took a slight deflection off the head of full-back Jonas Naes before flying past helpless Faroes keeper Gunnar Nielsen and into the top corner for Wilson's maiden senior international goal.

That settled the Republic, who began to play with confidence, and they increased their lead within seven minutes.

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Faroe Islands 1-4 Rep of Ireland

Private Islands Within Reach

Owning a private island is overrated and its actually a lot of work or so weve heard from our many island-owning friends. You have to deal with theastronomical taxes, the development, the upkeep its a full-time job (that island owners simply pay other people to do, of course). But visiting a private island? Its as great as everyone says and we know from experience. Weve stayed on some gorgeous private islands in our travels, in equally gorgeous hotels and resorts. Here aresix of our favorites:

#1: Gran Bahia Principe Cayo Levantado, Dominican Republic

The pool at Cayo Levantado features a swim-up bar as well as poolside drink service.

The details: The D.R.s only luxury resort set on its own island, the Gran Bahia Cayo Levantado offers a relaxing atmosphere for couples and families. There are scenic beaches andbeautiful pools, and we love the details in the rooms: Four-poster beds, private Jacuzzi tubs, and island-inspired artwork give them a romantic vibe.

How to get there: From the Samana airport, its a 45-minute cab ride to the Bahia ferry station. From there, its a 10- to 15-minute ferry ride to Cayo Levantado. In lieu of the ferry, you can also hire a private pangaboat to take you from Samana. We never said getting to a private island is easy, but its certainly worth the flight (and drive and boat ride)!

#2: Paradise Point Resort and Spa, San Diego

Quaint, Balinese-inspired gazebos dot the resort's 44 acres.

The details: This 462-room property near Sea World has sprawling grounds, activities such as tennis, a putting green, water sports, and basketball galore,five pools, a spa, and bonfire pits for roasting smores after dark. But perhaps the highlight of this private island retreat is that it sits on a tranquil, mile-long beach.

How to get there: In Mission Bay, Paradise Point is connected to the mainland by Ingraham Street so reaching the resort is easy enough, and takes just about a 15-minute car ride from downtown San Diego.

#3: Fowl Cay Resort, Bahamas

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Private Islands Within Reach

China media: Islands row and shooting

17 October 2012 Last updated at 00:46 ET

Newspapers report the latest moves in the China-Japan islands row, as well as the fatal shooting of a Chinese fishermen by South Korean coast guards.

China Daily says "tension lingers" as US Deputy Secretary of State William Burns arrived in Beijing "as Tokyo launched a global propaganda blitz to support its claims over the islands that belong to China".

Meanwhile the Global Times, citing the Asahi newspaper in Japan, says a US-Japan military drill simulating the recapture of an island would be held in November.

The Global Times says: "Analysts said Washington has been attempting to use high-level official visits to persuade the two countries to seek a way out of the islands dispute, but at the same time is highlighting its regional interests through the joint military drill."

A People's Daily commentary says Japan "has been acting shamelessly" in the row. The article is promoted on the paper's website as a front-page top story. China Daily's editorial says Japan's lobbying "can't hide truth".

Shanghai Daily and Guangzhou's Southern Metropolis Daily report the Defence Ministry has said that its navy vessels' "routine training and navigation in the waters is justified and legitimate".

The ministry's comment was in reply to reports from Tokyo said Japan had dispatched surveillance aircraft to follow a fleet of seven Chinese naval vessels on Tuesday morning as the flotilla sailed through waters 49km (30 miles) south of Japan's Yonaguni island and 200km from the disputed islands.

The Global Times and the Beijing Times lead with the shooting in the Yellow Sea as China protested to South Korea over the fisherman's death.

The Global Times' bilingual editorial says: "When a South Korean coastal policeman was stabbed to death by a Chinese crew last December, nationalistic emotion boiled over in Seoul. Local media outlets were full of strongly-worded calls for tough measures against China. This nationalistic emotional outburst was surely the background of the tragedy of yesterday."

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China media: Islands row and shooting

UPDATE 1-Soccer-Faroe Islands 1 Ireland 4 – W. Cup qualifier result

Oct 16 (Reuters) - Faroe Islands 1 Ireland 4 - World Cup qualifying Group C result.

In Torshavn

Scorers:

Faroe Islands: Arnbiorn Hansen 68

Ireland: Marc Wilson 47, Jon Walters 52, Pol Johannus Justinussen 73og, Darren O'Dea 89

Faroe Islands: 1-Gunnar Nielsen, 2-Jonas Naes, 3-Pol Justinussen, 4-Odmar Faero (14-Erling Jacobsen, 61), 5-Rogvi Baldvinsson, 6-Hallur Hansson, 7-Frodi Benjaminsen, 8-Simun Samuelsen, 10-Christian Holst, 9-Daniel Udsen (17-Arnbiorn Hansen, 61), 11-Joan Edmundsson (12-Hjalgrim Elttor, 80)

Ireland: 1-Keiren Westwood, 2-Seamus Coleman, 4-John O'Shea, 5-Darren O'Dea, 18-Marc Wilson, 21-Robbie Brady (9-Simon Cox, 46), 6-James McCarthy, 8-Keith Andrews (15-David Meyler, 90+1), 7-Aiden McGeady, 13-Jon Walters, 10-Robbie Keane (14-Shane Long, 80)

Referee: Lorenc Jemini (Albania)

(Editing by Tom Pilcher)

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UPDATE 1-Soccer-Faroe Islands 1 Ireland 4 - W. Cup qualifier result

Seattle Genetics Announces Initiation of Phase II Trial of ADCETRIS® as Front-line Therapy for Hodgkin Lymphoma …

BOTHELL, Wash.--(BUSINESS WIRE)--

Seattle Genetics, Inc. (SGEN) today announced the initiation of a phase II clinical trial evaluating ADCETRIS (brentuximab vedotin) as a front-line therapy for patients age 60 or older with newly diagnosed Hodgkin lymphoma (HL). The trial is designed to assess the efficacy and tolerability of ADCETRIS as a monotherapy for older HL patients who have received no prior treatment. Seattle Genetics is the leader in the field of antibody-drug conjugates (ADCs) and ADCETRIS is an ADC directed to CD30 for relapsed HL and systemic anaplastic large cell lymphoma (sALCL).

The current standard of care for the treatment of front-line HL is a combination of multiple chemotherapeutic agents and has not changed in more than three decades. Some older HL patients are not able to tolerate the significant side effects associated with these regimens, and there is a significant need to identify effective and tolerable treatment options for these patients, said Thomas C. Reynolds, M.D., Ph.D., Chief Medical Officer at Seattle Genetics. We believe the response rate associated with single-agent use of ADCETRIS in the relapsed HL setting supports the evaluation of single-agent ADCETRIS in older patients who have received no prior therapy.

The phase II single-arm, open-label clinical trial will evaluate the efficacy and tolerability of ADCETRIS as front-line monotherapy in patients age 60 or older with HL. The trial is enrolling patients who are newly diagnosed and have received no prior HL treatment. The primary endpoint of the trial is to assess the objective response rate (ORR), with key secondary endpoints of safety and tolerability, duration of response, complete remission (CR) rate and progression-free survival (PFS). The study is expected to enroll up to 20 patients at multiple centers in the United States.

More information about the trial, including enrolling centers, will be available by visiting http://www.clinicaltrials.gov.

About ADCETRIS

ADCETRIS (brentuximab vedotin) is an ADC comprising an anti-CD30 monoclonal antibody attached by a protease-cleavable linker to a microtubule disrupting agent, monomethyl auristatin E (MMAE), utilizing Seattle Genetics proprietary technology. The ADC employs a linker system that is designed to be stable in the bloodstream but to release MMAE upon internalization into CD30-expressing tumor cells.

ADCETRIS received accelerated approval from the U.S. Food and Drug Administration (FDA) for two indications: (1) the treatment of patients with HL after failure of autologous stem cell transplant (ASCT) or after failure of at least two prior multi-agent chemotherapy regimens in patients who are not ASCT candidates, and (2) the treatment of patients with sALCL after failure of at least one prior multi-agent chemotherapy regimen. The indications for ADCETRIS are based on response rate. There are no data available demonstrating improvement in patient-reported outcomes or survival with ADCETRIS.

ADCETRIS is not approved for use outside the United States. The marketing authorization application for ADCETRIS in relapsed or refractory HL and sALCL, filed by Takeda Global Research & Development Centre (Europe), was accepted for review by the European Medicines Agency (EMA) in June 2011. In July 2012, the Committee for Medicinal Products for Human Use (CHMP) of the EMA issued a positive opinion for the conditional approval of ADCETRIS, supporting an approval decision in the European Union.

Seattle Genetics and Millennium are jointly developing ADCETRIS. Under the terms of the collaboration agreement, Seattle Genetics has U.S. and Canadian commercialization rights and the Takeda Group has rights to commercialize ADCETRIS in the rest of the world. Seattle Genetics and the Takeda Group are funding joint development costs for ADCETRIS on a 50:50 basis, except in Japan where the Takeda Group will be solely responsible for development costs.

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Seattle Genetics Announces Initiation of Phase II Trial of ADCETRIS® as Front-line Therapy for Hodgkin Lymphoma ...

Report: Canadian Health Care System "Unsustainable" As Is

CALGARY, Oct. 17, 2012 /CNW/ - In a report released today by The School of Public Policy, authors Herb Emery, David Still and Tom Cottrell show that even with modest increases in health spending due to population aging, Canadian Medicare under the current pay-as-you-go funding model for Canadian is unsustainable.

This model sees government allocate current tax revenues to cover current health costs, with nothing put aside for projected rising health-care costs arising from the aging baby boom generation. The authors calculate that these implicit liabilities for pay-as-you-go Medicare effectively double the level of indebtedness of the provincial and Territorial governments.

It's not the size of the health care liabilities that is the only problem. Who will pay for them is the bigger issue. "The pay-as-you-go model has become like a Ponzi scheme, where those who got in early enough make out nicely, while those who arrive late stand to suffer a serious financial blow if they agree to pay the taxes required to pay for Medicare," the authors write.

The authors quantify the effective doubling of lifetime taxes paid for the same levels of health care services between boomers and grandchildren of the boomers. Given the tax increases and pension benefit reductions the baby boomers have imposed on younger generations of Canadians, boomers are counting on "do as I say, not as I do" policy to ensure that they will have access to necessary medical services. To sustain Medicare, the federal and provincial governments will need to shift the burden of paying for baby boomer health care bills off of the bank accounts of their children and grandchildren.

One option that the authors identify is a pre-funding model where people are charged today for future health-care liabilities. Unfortunately, the window has already closed on this option, as the authors contend that future liabilities have already become too great and it is too late to collect sufficient taxes from baby-boomers now aged 45 to 65.

The only way to sustain Medicare at this point is for governments to focus on health promotion and reforms to health service provision that will reduce overall health-care costs. Examples include encouraging home care for the elderly and palliative care; reducing the prevalence and severity of chronic disease in the population; and changing how chronic diseases are managed to reduce reliance on doctors and hospitals.

It was ten years ago that they were proposed by the Romanow Commission, the Kirby Commission and the "Mazankowski Report". The failure to act on the recommendations of these commissions intended to ensure the sustainability of publicly funded health care in Canada may have been the biggest mistake the baby boomers have made to date that will cost them dearly in their "Golden Years".

The report can be found at http://www.policyschool.ucalgary.ca/publications

Video with caption: "Video: CAN WE AVOID A SICK FISCAL FUTURE? THE NON-SUSTAINABILITY OF HEALTH CARE SPENDING WITH AN AGING POPULATION ". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20121017_C7965_VIDEO_EN_19534.mp4&posterurl=http://photos.newswire.ca/images/20121017_C7965_PHOTO_EN_19534.jpg&clientName=The%20School%20of%20Public%20Policy%20%2D%20University%20of%20Calgary&caption=Video%3A%20CAN%20WE%20AVOID%20A%20SICK%20FISCAL%20FUTURE%3F%20THE%20NON%2DSUSTAINABILITY%20OF%20HEALTH%20CARE%20SPENDING%20WITH%20AN%20AGING%20POPULATION%20&title=THE%20SCHOOL%20OF%20PUBLIC%20POLICY%20%2D%20UNIVERSITY%20OF%20CALGARY&headline=Report%3A%20Canadian%20Health%20Care%20System%20%26quot%3BUnsustainable%26quot%3B%20As%20Is

SOURCE: The School of Public Policy - University of Calgary

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Report: Canadian Health Care System "Unsustainable" As Is

Medicare: Where Presidential Politics And Policy Collide

President Obama and Republican presidential candidate Mitt Romney first debated Medicare on Oct. 3.

President Obama and Republican presidential candidate Mitt Romney first debated Medicare on Oct. 3.

Medicare, the federal health insurance program for about 50 million senior and disabled Americans, is simultaneously one of the most popular and imperiled programs in America.

Its participants and their relatives tend to be highly satisfied with the generous health benefits it provides. But some 78 million baby boomers are now beginning to qualify for the program at a rate of an estimated 10,000 every day.

The first presidential debate earlier this month in Denver had an entire segment devoted to the subject of health care. And it's almost certain to come up in tonight's debate in New York.

But it wasn't the 2010 health law that the candidates brought up first in the last debate. It was Medicare. Specifically, each candidate went after what he saw as the weaknesses of the other candidate's plan.

Here's what President Obama had to say:

"The idea, which was originally presented by Congressman Ryan, your running mate, is that we would give a voucher to seniors, and they could go out in the private marketplace and buy their own health insurance. The problem is that because the voucher wouldn't necessarily keep up with health care inflation, it was estimated that this would cost the average senior about $6,000 a year."

Romney countered with a critique of what President Obama's health law would do to Medicare:

"For current retirees he's cutting $716 billion from the program. Now, he says by not overpaying hospitals and providers, actually just going to them and saying we're going to reduce the rates you get paid across the board, everybody's going to get a lower rate."

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Medicare: Where Presidential Politics And Policy Collide

Health shift will affect 860,000 Calif. children

SACRAMENTO, Calif. (AP) California's top health care official told lawmakers Tuesday she is confident the state can eliminate a health insurance program serving more than 860,000 children from low-income families without disrupting the quality of their care.

Lawmakers held a hearing in the state Senate wanting to know if the administration is prepared to make the transition without disrupting children's medical care. California is eliminating its Healthy Families program and moving those children into the state's Medicaid program in an effort to save a projected $73 million a year.

"We do not want to throw no pun intended the babies out with the bathwater," said Assemblyman Tom Ammiano, D-San Francisco.

California Health and Human Services Secretary Diana Dooley said in an interview Monday that the shift will help streamline children's health care and reduce government complexities. But state lawmakers and children's advocates are concerned about the possibility of having children's medical services disrupted.

Assemblyman Richard Pan, D-Sacramento, said he is concerned about the number of doctors willing to accept more Medi-Cal clients. State officials estimate that health providers will receive about 15 percent less under Medi-Cal, which is California's version of the federal Medicaid program for the poor.

"My main concern is that those children continue to have access to the care they need," Pan, a pediatrician, said in an interview Monday. "Ultimately it's about the quality of care."

The Department of Health Care Services has issued a strategic plan that proposes to move all 863,000 children enrolled in Healthy Families into Medi-Cal by Sept. 1, 2013. Families are expected to be moved in four phases, depending on whether their doctors and health plans already accept Medi-Cal. The state plans to start notifying parents next month.

According to the state, eliminating Healthy Families is projected to save the state $13 million this fiscal year and $73 million annually once the transition is completed.

"We recognize these are austere times. The state employees who took a 5 percent pay cut took the pay cut as loyal dedicated public servants," Dooley said. "I believe (health providers) will continue to serve even though there will be a reduction. It does require some sacrifice, not from the children, but will require sacrifice from the people who provide care."

Sen. Ed Hernandez, the Baldwin Park Democrat who is the chairman of the Senate Health Committee, said he questions whether the administration can ensure enough health providers and whether the state will receive the federal waiver it needs to make the change.

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Health shift will affect 860,000 Calif. children

Health Care Shift To Affect 860,000 California Children

Examination in a doctors office. (Joe Raedle/Getty Images)

SACRAMENTO (CBS / AP) Californias top health care official told lawmakers Tuesday she is confident the state can eliminate a health insurance program serving more than 860,000 children from low-income families without disrupting the quality of their care.

Lawmakers held a hearing in the state Senate wanting to know if the administration is prepared to make the transition without disrupting childrens medical care. California is eliminating its Healthy Families program and moving those children into the states Medicaid program in an effort to save a projected $73 million a year.

We do not want to throwno pun intendedthe babies out with the bathwater, said Assemblyman Tom Ammiano, D-San Francisco.

California Health and Human Services Secretary Diana Dooley said in an interview Monday that the shift will help streamline childrens health care and reduce government complexities. But state lawmakers and childrens advocates are concerned about the possibility of having childrens medical services disrupted.

Assemblyman Richard Pan, D-Sacramento, said he is concerned about the number of doctors willing to accept more Medi-Cal clients. State officials estimate that health providers will receive about 15 percent less under Medi-Cal, which is Californias version of the federal Medicaid program for the poor.

My main concern is that those children continue to have access to the care they need, Pan, a pediatrician, said in an interview Monday. Ultimately its about the quality of care.

The Department of Health Care Services has issued a strategic plan that proposes to move all 863,000 children enrolled in Healthy Families into Medi-Cal by Sept. 1, 2013. Families are expected to be moved in four phases, depending on whether their doctors and health plans already accept Medi-Cal. The state plans to start notifying parents next month.

According to the state, eliminating Healthy Families is projected to save the state $13 million this fiscal year and $73 million annually once the transition is completed.

We recognize these are austere times. The state employees who took a 5 percent pay cut took the pay cut as loyal dedicated public servants, Dooley said. I believe (health providers) will continue to serve even though there will be a reduction. It does require some sacrifice, not from the children, but will require sacrifice from the people who provide care.

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Health Care Shift To Affect 860,000 California Children

HCANJ Signs Preferred Partnership Agreement with COMS Interactive

HAMILTON, N.J., Oct.17, 2012 /PRNewswire/ --The Health Care Association of New Jersey (HCANJ) has signed a Preferred Partner Agreement with COMS Interactive, LLC (COMS). With a key goal of helping the Association's membership to improve resident clinical outcomes, the partnership with COMS is a natural extension of HCANJ's offerings to its members. The focus of the three-year agreement is improving clinical and financial outcomes for each member facility.

The COMS flagship Disease Management software, Daylight IQ, is used in leading nursing homes, assisted living facilities and home care organizations nationwide. The Software as a Service (SaaS) product features a series of integrated, disease-based library of clinical protocols that significantly empower the entire care team including physicians, therapists, nurses, and nurse aides, and facilitates enhanced communication between all parties. The initial Daylight IQ training can be completed in less than two hours, immediately improving clinical results and providing positive tangible financial outcomes.

"With over 50 years representing long-term care providers, HCANJ is committed to providing products and services that afford our member facilities the opportunity to continually improve outcomes," noted Paul Langevin, President of HCANJ. "The implementation of Daylight IQ offers the triple benefit of allowing our member facilities to reduce unnecessary hospital readmission rates, enhance the overall quality of care provided by member clinicians, and improve financial outcomes."

Daylight IQ empowers clinical teams with information and technology at the point of care. This results in caregivers providing better care for residents. A key component of Daylight IQ is the reduction in unnecessary hospital readmissions by as much as 50%, a related decrease in premature mortality rates, and an increase in successful discharges.

"Clearly, HCANJ is a thought leader in the long-term care marketplace," noted Edward J. Tromczynski, Chief Executive Officer, COMS Interactive. "As a strong advocate for implementing progressive solutions for the health care market, HCANJ is leading the charge to improve the quality of life for those individuals served by their member organizations."

Data indicates that the average nursing home, home care or assisted living resident has a complicated disease profile, with one primary disease and up to eight secondary diseases or afflictions. Over 70% of re-hospitalizations are due to the worsening of secondary or new diseases. By providing early detection of changes in condition, Daylight IQ highlights potential problems and offers caregivers the opportunity to respond, preventing further progression of the illness.

About the Health Care Association of New JerseyHeadquartered in Hamilton and founded over fifty years ago, the Health Care Association of New Jersey is a non-profit trade association representing long-term care providers who believe that the individuals they serve are entitled to a supportive environment in which professional and compassionate care is delivered. This belief compels HCANJ and its members to advocate for individuals who, because of social needs, disability, trauma, or illness, require services provided in a long-term care setting, while also advocating for the long-term care provider community. For additional information on HCANJ, visit http://www.hcanj.org or contact the association directly at #609.890.8700.

About COMS Interactive, LLC COMS Interactive, LLC deploys processes and systems that stabilize and improve resident health while improving financial outcomes for skilled nursing facilities. The Daylight IQ Software as a Service (SaaS) product combines business administration, disease management and long-term healthcare knowledge to empower the nursing team, reduce medical errors, more efficiently address resident healthcare needs and increase facility revenues. This combination of clinical and technical processes can save millions of dollars a year in preventable hospital readmissions. Additional information regarding COMS Interactive and Daylight IQ is available at http://www.comsllc.com or by contacting COMS at #330.650.9900.

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HCANJ Signs Preferred Partnership Agreement with COMS Interactive

Cigna and Banner Health Network Join in Collaborative Accountable Care Effort in Arizona

PHOENIX--(BUSINESS WIRE)--

Cigna (CI) and Banner Health Network are launching a collaborative accountable care initiative to expand patient access to health care, improve care coordination, and achieve the triple aim of improved health outcomes (quality), lower total medical costs and increased patient satisfaction.

Collaborative accountable care is Cigna's approach to accomplishing the same population health goals as accountable care organizations, or ACOs. The program will benefit over 20,000 individuals covered by a Cigna health plan who receive care from among approximately 2,600 doctors affiliated with Banner Health Network in Arizona.

This collaboration between Cigna and Banner Health is an example of how we are fundamentally changing the way we deliver health care, by putting greater emphasis on outcomes, said Chuck Lehn, chief executive officer for Banner Health Network. What matters most to our physicians is ensuring that our patients receive well-coordinated care that helps them live healthier, more productive lives. This model allows us to attain that level of care, while keeping the cost of medicine affordable.

Under the program, Banner Health Network doctors monitor and coordinate all aspects of an individuals medical care. Patients continue to go to their current physician and automatically receive the benefits of the program. Individuals who are enrolled in a Cigna health plan and later choose to seek care from a doctor in the medical group will also have access to the benefits of the program. There are no changes in any plan requirements regarding referrals to specialists. Patients most likely to see the immediate benefits of the program are those who need help managing chronic conditions, such as diabetes or heart disease.

We are pleased to expand our collaborative accountable care program in Arizona through this initiative with Banner Health Network, said Stephanie Gorman, president and general manager for Cigna in Arizona. We share a commitment to prevention, improving health care quality and changing the health care delivery system from one that focuses on volume to one that focuses on quality of care and value.

Critical to the programs benefits are registered nurses, employed by Banner Health Network, who serve as clinical care coordinators and help patients with chronic conditions or other health challenges navigate the health care system. The care coordinators are aligned to a team of Cigna case managers to ensure a high degree of collaboration between Banner Health Network and Cigna that ultimately results in a better experience for the individual.

The care coordinators will enhance care by using patient-specific data from Cigna to help identify patients being discharged from the hospital who might be at risk for readmission, as well as patients who may be overdue for important health screenings or who may have skipped a prescription refill. The care coordinators are part of the physician-led care team that helps patients get the follow-up care or screenings they need, identify any issues related to medications and help prevent chronic conditions from worsening.

Care coordinators can also help patients schedule appointments, provide health education and refer patients to Cigna's clinical programs, such as disease management programs for diabetes, heart disease and other conditions; and lifestyle management programs, such as programs for tobacco cessation, weight management and stress management.

This newest initiative, which takes effect November 1, 2012, builds on Cigna's collaborative accountable care efforts locally, including those of Cigna Medical Group, the Phoenix-based multi-specialty practice division of Cigna HealthCare of Arizona. Cigna Medical Groups strong focus on the patient and improved care coordination resulted in 24 percent lower avoidable emergency room visits, 14 percenthigher adult preventive care and 8 to 10 percent lower total medical costs in 2011 compared to the Phoenix market. Cigna Medical Group doctors consistently receive patient satisfactions scores of 93% or higher.

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Cigna and Banner Health Network Join in Collaborative Accountable Care Effort in Arizona

Carlson Selects Castlight Health to Help Employees Reduce Costs and Improve the Quality of Care

SAN FRANCISCO--(BUSINESS WIRE)--

Castlight Health, the leading provider of health care transparency solutions for employers and payers, today announced that global hospitality and travel company Carlson has selected Castlight to help 10,000 of the companys employees make better-informed decisions about their health care.

Carlson, a global leader in the hospitality and travel industry, launched Ambition 2015, an internal initiative focused on making Carlson the top hospitality and travel company to work for and invest in. One element was to improve the health and wellness of its workforce, which Carlson planned to achieve by upgrading its health care plan and benefits program. In addition to improving employee health, this health care transformation is expected to reduce costs, allowing Carlson to reinvest resources and capital to fuel company growth.

With the cost of health care continuing to increase, we needed to get creative with our benefits program to lessen the financial burden and remain a top company to work for, said Shawn Leavitt, vice president of global compensation and benefits, Carlson. By using Castlight to turn our employees into more engaged health care consumers, we found we could reduce this expenditure and in turn, invest the savings into growing our business."

Carlson is offering Castlight as part of an enhanced benefits package for 2013, which includes a broad consumer-driven health plan. After a competitive evaluation of health plan and third-party options, Carlson determined that Castlights health care management suite was the best on the market, due to its accurate pricing information and clinical quality data. This insight into cost and quality of services and procedures will help Carlsons workforce become more engaged and informed health care consumers, enabling them to derive better quality care for their money. Additionally, Carlson was drawn to Castlights commitment to technology innovation, which the company plans to capitalize on as it continues to evolve its employee benefits offerings.

Carlson is a forward-looking company that has developed one of the most innovative benefits programs in the U.S., said John Driscoll, president, Castlight Health. Directly linking health care transparency with company growth will aid in Carlsons goal of becoming the leading hospitality and travel company, as they will be able to leverage health care cost savings from Castlight into new initiatives.

About Carlson

Carlson is a global hospitality and travel company headquartered in Minneapolis, Minn. Carlson Rezidor Hotel Group includes more than 1,300 hotels in operation and development, including, Radisson Blu, Radisson, Park Plaza; Park Inn by Radisson, Country Inns & Suites By CarlsonSM and Hotel Missoni; more than 900 T.G.I. Fridays restaurants; and a majority stake in Carlson Wagonlit Travel, the global leader in business travel management. Carlson operates in more than 150 countries and territories and its brands employ more than 170,000 people. For more information, please visit Carlsons website: http://www.carlson.com.

About Castlight Health

Castlight Health enables employers, their employees, and health plans to take control of healthcare costs and improve care. Named #1 on The Wall Street Journals list of The Top 50 Venture-Backed Companies for 2011 and one of Dow Jones 50 Most Investment-Worthy Technology Start-Ups, Castlight Health helps the countrys self-insured employers and health plans empower consumers to shop for health care. Castlight Health is headquartered in San Francisco andbacked by prominent investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome Trust and two unnamed mutual funds. For more information, please visit our web site at http://www.castlighthealth.com or call (415) 829-1400.

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Carlson Selects Castlight Health to Help Employees Reduce Costs and Improve the Quality of Care

Casey Analyst Forecasts Explosive Biotech Growth

Submitted by The Life Sciences Report as part of our contributors program .

This interview was conducted by The Life Sciences Report (10/11/12)

The myth of technology, whether for smartphones or cancer treatments, is that the next big thing appears suddenly and magically. Casey Research Analyst Alex Daley sets the record straight in this exclusive interview with The Life Sciences Report . While the science of genetic medicine has accelerated the process of turning magical thinking into practical medicine, Daley cautions investors in biotech and medical device companies to be patient, and names companies with innovative technologies poised for explosive growth.

The Life Sciences Report: At Casey Research's "Navigating the Politicized Economy" summit, you talked about the difference between the speed of science and the speed of technology, and how quickly the time to market and cost of products in the life sciences space is decreasing. Can you provide some examples?

Alex Daley: Many technologies, like the touch-screen tablets and smartphones that now dominate the market, seem to come out of nowhere, perpetuating the myth of technology as almost magical. But you only have to look as far as the as-yet-unfulfilled promises of recent years to see the slow development curve that leads to explosive growth. This has been most noticeable in the advent of genetic medicine.

We all remember the sequencing of the human genome as a scientific milestone. Announced in 2000, just at the turn of the millennium, it was followed by much media fanfare about the dawn of genetic medicine. Every untreatable disease was going to be cured. Every person was going to receive medicine tailored to his or her unique makeup.

Yet, more than a decade later, that promise remains almost entirely unfulfilled. It's not that the science has stood still. Quite the opposite: It has been moving forward at blazing speed. The original human genome project, which sequenced a single person's genome to 92%?including everything but some particularly difficult areas?took 13 years and cost more than $3 billion ($3B). It was a monumental advancement, but not practical for everyday use.

Over the last decade the cost of genome sequencing has fallen far faster than many predicted. We've gone from taking 13 years to taking just about one day to sequence a whole genome. And the cost has fallen from billions to thousands of dollars. We've now sequenced tens of thousands of genomes for scientific research, and with the falling price that number is skyrocketing. We have built an amazing scientific base for study, and driven down costs to make it viable for mainstream use. All of that had to happen before genetic medicine could even begin to crawl forward?precisely what is happening now, with the advent of the first U.S. Food and Drug Administration (FDA)-approved antisense drug and other genetic milestones just being reached.

Just as the plasma TV (invented in the 1930s), the LED light (1960s), the industrial robot (also a child of the '60s), the touch-screen interface for computers (early 1980s) and other inventions we think of as thoroughly modern took decades to go from the lab into our everyday lives, it will take considerable time for genetic medicine to fully develop. But the pace is ever-increasing and advances happen at an astounding rate. The decrease in time needed for gene-sequencing, for instance, far outpaced the development of computer chips in terms of cost/speed, as in the famous Moore's law (predicting a doubling of circuit capacity every two years).

TLSR: What is the role of FDA in that race to market? Is it a speed bump, a safety crew or something else?

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Casey Analyst Forecasts Explosive Biotech Growth

Progress in Cell-SELEX compound screening technology reviewed in BioResearch Open Access

Public release date: 17-Oct-2012 [ | E-mail | Share ]

Contact: Vicki Cohn vcohn@liebertpub.com 914-740-2100 Mary Ann Liebert, Inc./Genetic Engineering News

New Rochelle, NY, October 17, 2012SELEX is a rapid, efficient, and iterative high-throughput method for screening large libraries of molecules to identify those with the potential to be developed as drug compounds or research tools. Advances in SELEX technology that have enabled screening in live cells, called Cell-SELEX, are explored in a comprehensive Review article published in BioResearch Open Access, a bimonthly peer-reviewed open access journal from Mary Ann Liebert, Inc. The article is available free on the BioResearch Open Access website.

Cell-SELEX uses live cells as targets for binding of molecules called aptamers, comprised of short chains of nucleic acids. Aptamers share many of the qualities that have made antibodies such successful drugs, but offer additional advantages such as stability, short length, and ease of manufacturing. Shoji Ohuchi, University of Tokyo, Japan, examines the ongoing progress in developing and refining this useful process for drug compound screening in the Review article "Cell-SELEX Technology."

"This review summarizes the progress and application of Cell-SELEX technology, providing an excellent resource for beginners to the field and experts alike," says Editor-in-Chief Jane Taylor, PhD, MRC Centre for Regenerative Medicine, University of Edinburgh, Scotland.

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About the Journal

BioResearch Open Access is a bimonthly peer-reviewed open access journal that provides a new rapid-publication forum for a broad range of scientific topics including molecular and cellular biology, tissue engineering and biomaterials, bioengineering, regenerative medicine, stem cells, gene therapy, systems biology, genetics, biochemistry, virology, microbiology, and neuroscience. All articles are published within 4 weeks of acceptance and are fully open access and posted on PubMedCentral. All journal content is available on the BioResearch Open Access website.

About the Publisher

Mary Ann Liebert, Inc. is a privately held, fully integrated media company known for establishing authoritative peer-reviewed journals in many promising areas of science and biomedical research, including Assay and Drug Development Technologies, Tissue Engineering, Stem Cells and Development, Human Gene Therapy and HGT Methods, and AIDS Research and Human Retroviruses. Its biotechnology trade magazine, Genetic Engineering & Biotechnology News (GEN), was the first in its field and is today the industry's most widely read publication worldwide. A complete list of the firm's 70 journals, books, and newsmagazines is available on the Mary Ann Liebert, Inc. website.

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Progress in Cell-SELEX compound screening technology reviewed in BioResearch Open Access

Are young people who join social media protests more likely to protest offline too?

Public release date: 17-Oct-2012 [ | E-mail | Share ]

Contact: Vicki Cohn vcohn@liebertpub.com 914-740-2100 Mary Ann Liebert, Inc./Genetic Engineering News

New Rochelle, NY, October 17, 2012Among adults who use social media such as Facebook, YouTube, Twitter, and blogs for political purposes, 42% are under the age of 30. A case study of the controversial Budget Repair Bill in Wisconsin explored whether young adults who use social media are more likely to engage in offline protests, and the results are published in an article in Cyberpsychology, Behavior, and Social Networking, a peer-reviewed journal from Mary Ann Liebert, Inc., publishers. The article is available free online on the Cyberpsychology, Behavior, and Social Networking website.

In the article entitled "Killing the Bill Online?: Pathways to Young People's Protest Engagement via Social Media ," Timothy Macafee, University of Wisconsin-Madison, compared the relationship between information-seeking behaviors online versus expressive engagement online (defined as using social media as a "soapbox" to share personal views and political events and issues) and actual participation in political protests.

"Individuals use social media primarily for informational and expressive purposes," Macafee concludes. College students used social media to gain information related to the protests in this case study, but that activity did not affect their offline behavior; whereas, "expressive" political social media use encouraged offline protest participation.

"Using social media for information gathering has quite different implications for real world behavior than does use of social media to express oneself (through blogs, tweets, etc.)," says says Brenda K. Wiederhold, PhD, MBA, BCIA, Editor-in-Chief of Cyberpsychology, Behavior, and Social Networking, from the Interactive Media Institute, San Diego, CA. "As young people utilize social media for information gathering more than traditional means, such as television or newspapers, those wishing to influence opinion and individual behavior should pay heed."

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About the Journal

Cyberpsychology, Behavior, and Social Networking is an authoritative peer-reviewed journal published monthly in print and online that explores the psychological and social issues surrounding the Internet and interactive technologies. Complete tables of content and a sample issue may be viewed online on the Cyberpsychology, Behavior, and Social Networking website.

About the Publisher

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Are young people who join social media protests more likely to protest offline too?