Medicare Advantage Uses Algorithms to Block Care for Seniors
Yves here. While this post describes flagrant fraud by Medicare Advantage insurers, which would seem to be an “old people in America” problem, the deliberate abuse by AI is a risk everyone should worry everyone. It is also yet another reminder that if you can afford the premiums, traditional Medicare is superior to Medicare Advantage. […]
The bigger bailout – Econlib
A great deal of attention has focused on the bailout of SVB depositors, but the bigger story is the bailout of other banks. (At least bigger as of today, there are rumors the government may extend the over $250,000 deposit bailout to all banks. You can imagine what I think of that idea.) David Beckworth […]
America’s banks are missing hundreds of billions of dollars
It is easy to understand how money gets destroyed in a traditional bank run. Picture the men in top hats yelling at clerks in “Mary Poppins”. The crowds want their cash and bank tellers are trying to provide it. But when customers flee, staff cannot satisfy all comers before the institution topples. The remaining debts […]
Market Talk – March 21, 2023
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 20.74 points or 0.64% to 3,255.65 Hang Seng increased 258.05 points or 1.36% to 19,258.76 ASX 200 increased 56.90 points or 0.82% to 6,955.40 Kospi increased 9.15 points or 0.38% to 2,388.35 SENSEX increased 445.73 points or 0.77% […]
