Health Care ETFs in Focus on Obamacare Supreme Court Decision – Investment Ideas

In what looks to be the biggest Supreme Court decision since Bush v. Gore , the highest court in the land will give its opinion on whether or not the Affordable Care Act (ACA), popularly known as 'Obamacare', is constitutional. The decision looks to come during the final day of the Supreme Court's session before breaking for the summer and it will undoubtedly be a landmark result either way.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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Health Care ETFs in Focus on Obamacare Supreme Court Decision - Investment Ideas

4 health care options post-SCOTUS

President Barack Obamas administration says it has no contingency plan if the Supreme Court strikes down the health laws individual mandate.

The best fixes would be legislative but thats not likely when half of Congress wants to repeal whatevers left of the law.

Yet health experts say the administration does have a handful of backstops. The problem? Theyre pretty weak.

Here are four options the president could invoke to try to cover more Americans and why they wouldnt resurrect the full strength of the laws individual mandate.

1. Selling those subsidies

An aggressive outreach or marketing campaign might make the case to younger and healthier people that its a good deal for them to buy insurance, especially since many could qualify for subsidies to help them pay insurance premiums. Thats important because insurance companies cant sustainably cover more sick people without also having healthier people pay in.

If the individual mandate only is stricken, its not that big a deal, said Tim Jost, a National Association of Insurance Commissioners consumer representative. The premium subsidies, he argued, could be enough to entice uninsured healthy people to buy coverage. Thats especially true in the first couple years after the law takes full effect in 2014, when the penalty for not having coverage is so low its unlikely to change many peoples behavior.

But other experts are more worried about potential instability in the insurance market. After all, if a good PR campaign was all that is necessary, the administration wouldnt have fought for the mandate. Families USAs Ron Pollack, for instance, agrees that outreach can help but that it wont completely fix the problem. Outreach, he said, ameliorates I dont say corrects the possible imbalance of the market.

2. Late enrollment penalties

A ruling that eliminates the individual mandate, with or without some related insurance rules, would leave in place the health laws insurance exchanges, the new state-based insurance marketplaces. And the Department of Health and Human Services is setting some of the rules for the exchanges and the health plans that want to do business in them.

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4 health care options post-SCOTUS

Lakoff: Health care a matter of freedom and life – Video

25-06-2012 22:04 Berkeley linguistics professor George Lakoff and Jennifer Granholm discuss the message wars between Republicans and Democrats, and how the Democrats should respond to Republicans' attacks on the language they choose. In the health care battle, Lakoff says fight the message of government takeover with the ideas of freedom and life, showing that government health care allows people to live longer, more freely. Tune in Weeknights at 9:00/8:00c on Current TV

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Lakoff: Health care a matter of freedom and life - Video

EPIC Hearing Health Care Urges Use of Ear Protection During July 4th Celebrations

POMONA, CALIFORNIA--(Marketwire -06/26/12)- Editors Note: To view the graphic associated with this press release, please click the following link: http://epichearing.com/newsroom/images.

EPIC Hearing Health Care (EPIC), a Pomona-based provider of hearing health care insurance, is joining the Better Hearing Institute (BHI) in urging people to use sound judgment and ear plugs in celebrating the 4th of July, America's noisiest day of the year.

The single bang of a firecracker at close range can permanently damage hearing in an instant. EPIC and BHI also encourage people to protect their hearing when participating in other loud summertime activities: concerts, stock car races, the use of lawn mowers and power equipment, shooting practice, power boating, and when listening to MP3 players and other electronic devices with earbuds or headphones.

Noise is one of the most common causes of hearing loss. Ten million Americans have already suffered irreversible hearing damage from noise; 30 million are exposed to dangerous noise levels each day. Children are most vulnerable.

"Noise-induced hearing loss can be life changing, but close to 40 percent of hearing loss is preventable with proper protection," says Brad Volkmer, President and CEO of EPIC. "That's why this 4th of July EPIC is raising awareness throughout the nation of the risk fireworks pose to hearing. Leave the fireworks to the professionals and use earplugs when attending fireworks celebrations."

Disposable ear plugs, made of foam or silicone, are typically available at local pharmacies. They're practical because you still can hear music and the conversation of those around you when you have them in your ears. But when they fit snuggly, they're effective in adequately blocking out dangerously loud sounds.

EPIC Hearing Health Care also reminds everyone that regular hearing checks are crucially important for detecting hearing loss early and for getting appropriate help in order to minimize the negative impact that unaddressed hearing loss can have on quality-of-life. EPIC offers a free information and referral service to a local hearing care professional who can answer any questions, and assess and address any hearing problems or concerns. Simply call toll-free 1-866-956-5400 and speak to a hearing counselor who will assist you with all your questions.

EPIC Hearing Health Care is the nation's first supplemental healthcare insurance program for hearing care-much like dental or vision insurance programs-and offers services through a national network of hearing health care physicians and audiologists. EPIC offers brand-name hearing aids at about half the typical cost. Learn more at http://www.epichearing.com.

The Better Hearing Institute is a not-for-profit corporation that educates the public about hearing loss and what can be done about it: http://www.betterhearing.org. A simple, private, interactive screening test is available at http://www.hearingcheck.org.

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EPIC Hearing Health Care Urges Use of Ear Protection During July 4th Celebrations

Health-Care Debate: ‘Settle This Thing,’ Say Execs

Tom Grill | Getty Images

"Let me just thank the Supreme Court for not making a ruling today and messing up my presentation," began Kay D. Mooney, as she started her talk Monday outlining various parts of the health reform law now before the nine Justices.

Mooney, a health executive with insurance firm Aetna

"So it's complicated, for sure," said Mooney at the end of her speech. "But it seems that whatever the Court decides, uncertainty about health care is an understatement."

For business owners and HR execs, the waiting continues to be the hardest part. While the possibility of a decision loomed early Monday, it now seems that the justices won't announce a decision until Thursday. Speculation about what the Court will do abounds. Will it strike down all of the health reform law or just parts of it? How much is this all going to cost? When do certain rules go into effect?

What many analysts and experts say is that no matter what happens, some sort of closure is needed on the health-care debate.

"We just want the issue of health care to be settled," says Bill Harris, CEO of Personal Capital, a personal wealth management firm based in Redwood City, Calif.

"As a firm, we don't have to worry so much about health-care costs, but every year we see premiums going up," explains Harris who said he would like the health care bill to stand.

"I just don't want to spend a big part of my day thinking about all this," adds Harris, who has around 50 employees and pays between 6 percent to 15 percent of his business costs on health care.

Many businesses and HR execs are stuck scratching their heads over the 2,140-page bill that has several moving parts and penalties.

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Health-Care Debate: ‘Settle This Thing,’ Say Execs

Health Care Overhaul Will Crush ‘Reimbursement Hogs’ Says Expert

One of the few things that everyone in Washington agrees on is that the health care crisis is a two-pronged problem: too many people are going without it, but it costs too much for those who do have it. The disagreement comes only when you try to fix the problemin particular, whether it's better to first tackle the supply-side or the cost-side.

For investors who simply see enormous sums of money being spent, the problem is not about partisan battling as much as it's about risk and opportunity. Les Funtleyder, portfolio manager at Poliwogg and author of the book Healthcare Investing, is putting his chips on innovation and anything that can help to reduce cost.

"I'd rather invest on the side of the angels and short the reimbursement hogs, because they look like they have a giant bulls-eye on them," he says in the attached video. He cites testing labs and nursing homes as two sub-industries that ''over-utilize'' the Medicaid reimbursement system.

As much uncertainty as there is surrounding Thursday's expected Supreme Court ruling on Obamacare, Funtleyder knows there's "still lots to be done" on the issue, such as striking a balance between what he calls volume (the amount of care) and price (the cost of services).

He's also watching another area of opportunity, which has to deal with what he calls "informational asymmetry."

"I can't tell you which hospital is best for which disease, and I can't tell you what product is best for what disease. We just don't know. There's a lack of information. It's not publicly available," he explains, then points out the absurdity of the situation. "I mean, I can tell you the differences between a Corolla and Camry, but even I can't tell you the difference between a bypass and a stent."

To be sure, the next round of health care legislation is likely to put much more emphasis on cost control, given that the industry has been growing ''at two or three times GDP" for the past 40 years, and that only 5% of the population accounts for 50% of all health care spending.

Of course, identifying the problem is the easy part. Fixing it is never going to be easyor cheap.

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Health Care Overhaul Will Crush ‘Reimbursement Hogs’ Says Expert

Health Care Ruling Expected Thursday

June 26, 2012 Updated Jun 26, 2012 at 8:03 AM EDT

BUFFALO, N.Y. ( WKBW ) Dr. Raul Vazquez from Urban Family Practice in Buffalo stopped by Channel 7's "Eyewitness News This Morning" Tuesday to break down what could happen with the expected Supreme Court ruling Thursday on nationwide health care, and how it could impact you.

The National Constitution Center published an online article that offers a guide on what to expect:

Thursday will be the day when the U.S. Supreme Court finally decides the constitutionality of President Barack Obamas health care program. Here is a quick guide on what to expect.

First, there could be several decisions announced on Thursday, starting at 10 a.m. EST., including a case about real estate, one about lying about military honors, and the health care case.

There are no live cameras in the courtroom, despite some recent requests from politicians to put the decision on live TV.

Our friends at SCOTUSblog, including Constitution Daily contributor Lyle Denniston, will be at the court blogging.

You can check their live blog at http://www.scotusblog.com starting at 9 a.m. They also will talk about the background of cases and the procedures followed by the Court.

Constitution Daily will have its own coverage starting at 10 a.m.

At 10 a.m., the Court will start presenting its decisions. The expectation is that the other cases would be announced first, and then the health care case would be announced as the final decision. That would put the ETA for the health care decision after 10:15 a.m.

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Health Care Ruling Expected Thursday

Government health care panel wants obese people to undergo counseling

By The Associated Press

WASHINGTON In a move that could significantly expand insurance coverage of weight-loss treatments, a federal health advisory panel on Monday recommended that all obese adults receive intensive counseling in an effort to rein in a growing health crisis in America.

The U.S. Preventive Services Task Force urged doctors to identify patients with a body mass index, or BMI, of 30 or more currently one in three Americans and either provide counseling themselves or refer the patient to a program designed to promote weight loss and improve health prospects.

Under the current health care law, Medicare and most private insurers would be required to cover the entire cost of weight-loss services that meet or exceed the task forces standards.

That could all change Thursday, when the U.S. Supreme Court is expected to rule on the constitutionality of President Barack Obamas health care law, which requires adoption of certain strong recommendations from the task force, such as this one on obesity.

Few private health insurers now reimburse physicians for weight-loss counseling or pay for programs that patients seek out on their own. A growing number, in fact, charge obese patients more for coverage - a policy some public health officials have denounced as punitive and ineffective.

The Task Force concluded after a review of the medical literature that the most successful programs in improving patients health are "intensive, multi-component behavioral interventions." They involve 12 to as many as 26 counseling sessions a year with a physician or community-based program, according to the panel.

Successful programs set weight-loss goals, improve knowledge about nutrition, teach patients how track their eating and set limits, identify barriers to change (such as a scarcity of healthful food choices near home) and strategize on ways to maintain lifestyle changes, the panel found.

In some cases, programs include exercise sessions as well.

The recommendation, published online in the Annals of Internal Medicine, does not apply to the roughly one-third of Americans who are considered overweight, those with a BMI from 25 to 29.9.

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Government health care panel wants obese people to undergo counseling

Health care ruling looms

STORY HIGHLIGHTS

Washington (CNN) -- The U.S. Supreme Court will rule Thursday on the constitutionality of the sweeping health care law championed by President Barack Obama.

The high court announced a series of other decisions on Monday, but not the most anticipated one. It announced that all remaining rulings for the year will come in three days.

The stakes cannot be overstated -- what the justices decide will have an immediate and long-term impact on all Americans, both in how they get medicine and health care, and also in vast, yet unknown areas of "commerce."

Saving this ruling for the final day "may not be political, but they understand drama," said David Cole, a Georgetown University constitutional law professor. He added, "It's also the most difficult case, the most important case, so they may want the extra few days to make sure that they're happy with their written opinions."

The nation's highest court heard three days of politically charged hearings in March on the 2010 Patient Protection and Affordable Care Act, a landmark but controversial measure passed by congressional Democrats despite pitched Republican opposition.

The challenge focused primarily on the law's requirement that most Americans buy health insurance or pay a fine.

Supporters of the plan argued the "individual mandate" is necessary for the system to work, while critics argued it is an unconstitutional intrusion on individual freedom.

All sides preparing for political fallout from health care decision

Four different federal appeals courts heard challenges to parts of the law before the Supreme Court ruling, and came up with three different results.

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Health care ruling looms

Health care at stake for many in Washington

The U.S. Supreme Court could be on the verge of a ruling on the Affordable Care Act. A look at one couple's situation.

Tue, Mar 20, 3:12 p.m.

Washington lawmakers gear up for the introduction of Obamacare. Even as it faces its day in the Supreme Court.

Wed, Jan 11, 2 a.m.

A doctor tells legislators: Yes, the lack of insurance does cause deaths. The lawmakers got an early briefing on declining access to health care, which could worsen with further state budget cuts.

Amy Moreno-Sills loves sustainable farming. It's a passion. A core of her beliefs. The life work of her and her husband, Augustin.

And she faces possibly giving it up to get health insurance.

Augustin 29, and Amy, 37, are both managers for produce farms in Pierce County earning about $60,000 annually as a couple, an income that just dropped significantly with the recent brth of their second child, Hector. With a 4-year-old daughter Gabriela, Amy had to switch to a part-time administrative job at Terry's Berry Farm cutting more than $15,000 from the couple's annual income..

So far, the family has lived on the edge of having adequate health insurance. In fact, maybe beyond the edge.

Neither parent has health insurance. Particularly withday-care costs taking up a lot of their income, they can't afford it. "It's super-pricey. What are we gonna have to give up to have health insurance?" Amy said recently.

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Health care at stake for many in Washington

Putting health care on the right track

The Washington Posts Robert Samuelson castigated President Obama in a recent column for a lack of judgment in getting his landmark health-reform law passed. I profoundly disagree.

Obamacare is helping our nation achieve health care that is excellent, accessible to all and affordable. In the 17 months that I led the Centers for Medicare and Medicaid Services, or CMS, I saw how this law is helping tens of millions of families and is finally putting our health care system on the right track.

Samuelson is right to be concerned about health care costs. Weve been on an unsustainable path for decades. But while he offers no remedy beyond the broken status quo, the presidents reform helps us make health care sustainable the right way: by improving it, not cutting it.

The law does this by targeting the underlying drivers of high health care costs: It supports and rewards caregivers for preventing complications of care, such as health care associated infections, which save both lives and money. The CMS, for example, has set ambitious goals to reduce complications that, if met, would save 60,000 lives and $35 billion in just three years. The law also emphasizes preventive care and cracks down hard on waste and fraud. Last year the government recaptured a record $4 billion. It fosters transparency, so everyone can tell the best performers from the rest. Rather than paying for volume, the law helps us pay for value.

I have seen how improving care can reduce costs dramatically.

The Henry Ford Health System in Detroit has documented savings of $10 million per year from its efforts to improve patient safety. The Nuka system of team-based primary care in Anchorage has reduced hospital days more than 50 percent.

Denver Health, using modern, lean production approaches to decreasing waste in health care processes, has reduced costs by more than $150 million and achieved the lowest mortality rates among 115 comparable academic medical centers. The Affordable Care Act will help make these successful examples the norm.

The law also stops insurance companies from taking advantage of consumers. It prevents insurers from putting lifetime caps on coverage.

Before Obamacare, 105 million people had one of these caps buried in their insurance contracts every year, 20,000 unlucky Americans got letters from their insurers saying their coverage was running out. It didnt matter if they were in their second round of chemotherapy or waiting for surgery; the insurance companies simply said no. Because Obamacare lifted those caps, families have better care and peace of mind.

Obamacare has allowed millions of young people to stay on their parents plans until age 26, and it requires insurance companies to cover the preventive care needed to stay healthy. It gives consumers the right to appeal an insurers decision and stops insurers from denying coverage to children with pre-existing conditions.

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Putting health care on the right track