Currently Browsing: Personal Observations

Why we should all care about the Uber and Lyft businesses

In the Wednesday, July 8, 2015, issue of USA Today, there was a lengthy article about the ferocious opposition arrayed by taxi companies and drivers against Uber all over the world.   http://www.usatoday.com/story/news/world/2015/07/07/uber-protests-global-germany-france-taxi/29500747/   As a consumer, I believe that government-ordered monopolies are anti-consumer, and that taxi companies around the world...

Allowing Federal Health Exchange subsidies does not make healthcare available or more affordable

The U.S. Supreme Court decision in King v. Burwell, upholding federal health exchange insurance subsidies, does not address the Affordable Care Act’s fundamental issue: absent unsustainable subsidies, health insurance coverage under its present rules will become progressively more unaffordable. Patient accountability must be far more greater than it is today.    This conclusion comes from two fundamental issues:  ...

What do overzealous roof repairmen, car repairmen and doctors have in common?

As Dossia, my company, increasingly offers valuable navigation tools for plan members to help them get the best value and quality from the healthcare system, I often reflect on the similarities among overzealous tradespeople and overzealous healthcare providers.   My two stories with tradespeople go back to 1980 and 1981, when my wife and I had considerably fewer resources than we have today.  In 1980, we...

Persuade, don’t demonize, opponents

One of my favorite films is Twelve Angry Men, a 1957 drama which starred Henry Fonda, but which also featured so many other great actors like Jack Klugman, E.G. Marshall, Martin Balsam, and Lee J. Cobb. The film’s subject matter is a jury deliberation on a murder case.   At the beginning, the jurors vote 11-1 to convict the defendant.  Henry Fonda’s character is the lone juror holdout, and the other jurors are...

GE’s Decision to Divest GE Capital

On Friday, April 10, 2015, GE announced that it would be divesting most of the assets of GE Capital.  The investment community reacted extremely positively, since GE’s stock price increased by 11% in one day.   I made a similar decision for Pitney Bowes, thanks to the strong recommendation of my Chief Financial Officer Bruce Nolop in early 2003.  It took me three years to complete the sale of Pitney Bowes’...

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