Showing posts with label cvs. Show all posts
Showing posts with label cvs. Show all posts

Friday, December 16, 2022

#MulgrewCare Update: COLLUSION as Mulgrew promotes MedAdv, There are Calls To Abolish Private Medicare Advantage Plans as Scandals Mount

It is fairly clear that Mulgrew’s negotiations have been all about protecting the health – not of our members and retirees – but of this [stabilization] fund (p.16):.... Jonathan

Scheinman is basically a scribe for the City-MLC, not an independent arbitrator.... James, ICE Blog

More from Jonathan:

Collusion: I have made the case before: Mulgrew, Nespoli, Garrido, the whole MLC, Scheinman, Adams, and the City’s financial administration, starting with the OLR, plus the insurance companies – they are all working in concert. They are colluding. And they leave the evidence all over the place ...I am absolutely convinced that Scheinman worked with the City and the leadership of the MLC unions, including Mulgrew’s people, in creating his 12/15/22 “Opinion and Award.”  JD271Collusion and Bullying by OLR/UFT/MLC (Mulgrew et al)

UFT Ex Bd member Nick chimes in at New Action on the brewing UFT/MLC/Adams/Scheinman Scandal: 

UFT Members Take Note: Medicare Advantage is a Consequence of Backroom Bargaining -

 Nick homes in on the vote for the 2018 contract which is a factor in this mess: 

this all comes down to the 2018 (and 2014) contract(s). Scheinman only has the right to intervene here, because Mulgrew promised healthcare savings to the City that he couldn’t make happen (and without the informed consent of membership).

And there was not informed consent -  Was 2018 the Worst Bad Deal Ever?

Nick has also been pointing out that Mulgrew and Unity try to paint the thousands of people who opted out and support the battle to preserve our healthcare as the bad guys:

The only ‘villains’ in the official story are a “small group of unaffiliated retirees,” (p. 19), i.e. the retired left-opposition. This substantiates what we’ve been saying all along, that the people who have been fighting for better healthcare will be scapegoated by the people in power who destroyed it. Don’t get me wrong, that ‘small group of retirees’ has said some things I disagree with. Grandfathering is NOT a solution here. We must preserve traditional Medicare both for current AND future retirees. 

And never lose site of MedAdv scandals:

Portside: As Scandals Mount, So Do Calls To Abolish Private Medicare Advantage Plans ...the private health insurance program that a recent Senate report said is "running amok" with "fraudsters and scam artists." "In reality, so-called 'Medicare Advantage' is neither Medicare nor an advantage."... 

 
Scandal ridden healthcare is what Mulgrew, another scam artist, is trying to put us into. And he claims going with Aetna, owned by CVS, will save money.

Nothing like overbilling to save money. And this:


 
I reported on the Scheinman decision at ed notes yesterday:

There will be blood - er Lawsuits - UFT Leadership Joyful as Crooked - er Biased Arbitrator Scheinman Issues 25 day Ultimatum: Sign with Profit making Aetna (owned by CVS) and change Admin code or Medicare Disadvantage here we come 

James has a follow-up: ICEUFT BlogARBITRATOR SCHEINMAN IMPOSESES MULGREWCARE (Medicare Advantage) ON CITY RETIREES

Scheinman is not an independent arbitrator here. He has been chairing the Tripartite City-MLC commission on healthcare. How does he have jurisdiction in this matter as the City and union leaders are basically in agreement here?

Jonathan agrees with James about Scheinman having no jurisdiction:

Scheinman’s decision-making power as the arbitrator for the Tripartite Health Insurance Policy Committee arises in the case of a dispute

(From the 2018 letter referred to within the UFT as Appendix B)

Where is the dispute? Does Scheinman actually have any authority here? There are no positions for the parties, because the parties appear to be not in dispute. Everyone agrees about who needs to get screwed (me, and you).

Scheinman NOT designated arbitrator for Medicare Advantage issue

Oh, and oh no. Scheinman has been named to resolve disputes on items 1-4 in Appendix B. But the current issue, Medicare Advantage, comes from item 5. The agreement doesn’t cover point 5. Maybe that’s why Scheinman does not begin by establishing his authority? Point 5 only calls for recommendations.

 

And here is the full piece on MedAdv Scandals from Portside:

Thursday, December 15, 2022

There will be blood - er Lawsuits - UFT Leadership Joyful as Crooked - er Biased Arbitrator Scheinman Issues 25 day Ultimatum: Sign with Profit making Aetna (owned by CVS) and change Admin code or Medicare Disadvantage here we come

MULGREW EMAIL SHOWS ROUND TWO PUSH FOR MULGREWCARE (PRIVATIZED MEDICARE ADVANTAGE) IS UNDERWAY... ICE Blog

 Initial Analysis from a Retiree Advocate member on today Scheinman ruling

It looks like he's trying to establish the status quo ante, from before the lawsuit. It's a crass ploy to pressure the City Council to amend the Code. 
  • He's ordering the City & MLC to reach an agreement with Aetna, within 25 days, to administer the old Alliance plan. 
  • He's threatening that if the City Council doesn't amend the Code within 45 days he will end Emblem Senior Care.
  • He will allow the City to offer other options to retirees, as long as there is no cost to the City.
  • In the above case, retirees would pay the full cost of any other City plan we chose (so we would presumably still receive our Medicare Part B reimbursements if we chose a City plan). Would the City's offerings include a Medigap plan? I don't know.
  • Which is exactly where we were before Judge Frank's ruling.
It seems to me that Scheinman is threatening to do some things that he might not have the power to do, which will result in lawsuits. By the way, Scheinman is the one who is threatening our collective bargaining rights, not Judge Frank....

Let's be clear -- Mulgrew et al is moving us out of a publicly managed option into this private corp monster where profits come before our health. 

CVS Plans $10 Billion Share Buyback - Bloomberg.com






CVS Health: Signify As Growth Catalyst, 8% Buyback Yield, And Cheaply Valued

Dec. 08, 2022 4:26 AM ETCVS Health Corporation (CVS)

 CVS Health is a healthcare company known for its CVS Pharmacy. In addition to CVS Pharmacy, CVS Health owns CVS Caremark and Aetna, among others.

Third quarter 2022 results were strong. During the quarter, revenues increased 10%, free cash flow increased 73%, and earnings per share increased 9%.

Analysts on the Seeking Alpha CVS ticker page expect the dividend to grow 5% for fiscal 2023 and fiscal 2024.

Check quick: Does Scheinman own stock in CVS because this can be a $38 billion windfall?

  • when Unity was hard-selling this deal, in an unexplained rush, they clearly said there were no health care give backs. And then they did not provide Appendix B.
  • Appendix B is about health care cuts.... Jonathan Halabi, Was 2018 the Worst Bad Deal Ever?
Can you tell me how there are no conflicts here when the #arbitrator who is supposed to be #neutral is having dinner poolside with the lawyer for the #local731HarryNespoli, the #MLC ??
 

The arbitrator also said that unless the City Council amends the New York City Administrative Code within 45 days, GHI SeniorCare and all other current “pay-up” plans will no longer be offered once the premium‑free Medicare Advantage plan launches.
So here we are ---- either chance the admin code so the wealthier retirees can pay to opt out, thus furthering inequity, or being forced into MedAdv run by Aetna -- note Scheinmann forces them to deal with Aetna. See my opening question.
 
Let's look at CVS/Aetna as a profit making company:

2017 - Aetna Doubles Dividend, Boosts Stock Buyback Plans- Insurer’s moves come days after walking away from $34 billion merger deal with Humana

Aetna was bought by CVS in 2018. Amazon shark jaws are open:
 
Here's a fun fact: 
 
CVS Health is the parent company of the health insurer Aetna, which Amazon has reportedly reached out to, among other insurers. The move suggests that Amazon is moving along with Amazon Care — its on-demand health service that has at-home care aspirations — quicker than what may have been expected.
 
Will my Walgreen's prescriptions still be allowed?
 
CVS turned Amazon down  - for now -- but when can we look forward to having our healthcare managed by Jeff Bezos?

The American Medical Association (AMA) was disappointed in DOJ’s decision, standing by its stance that the merger will harm patients. “We now urge the DOJ and state antitrust enforcers to monitor the postmerger effects of the Aetna acquisition by CVS Health on highly concentrated markets in pharmaceutical benefit management services, health insurance, retail pharmacy and specialty pharmacy,” AMA President Barbara L. McAneny, M.D., said in a statement.

 
Karen S. Lynch President and Chief Executive OfficerTotal Cash $7,045,167Total Compensation $20,388,412
Shawn M. Guertin Executive Vice President and Chief Financial OfficerTotal Cash $4,323,636Total Compensation $14,339,230
 
Average CVS Health Executive Director yearly pay in the United States is approximately $187,259, which is 133% above the national average.   See more https://www1.salary.com/CVS-HEALTH-CORP-Executive-Salaries.html
 
Nice pay - go ask the clerks at your local CVS what they make.
Here's the good news: 


 
 
 
 
 
 
Mulgrew buddy, so-called "impartial" arbitrator Scheinman, should immediately disqualified. The UFT chose him in 2014 and 2018. 
 
The UFT statement below dovetails with the Scheinman decision.

UFT: For Immediate Release – Thursday, December 15, 2022

UFT Statement on Arbitrator’s Decision on new Medicare Advantage program

An independent arbitrator has ordered the city to negotiate a new Medicare Advantage program with the Aetna insurance company in the next 25 days.  He also determined that if an agreement is reached, the city’s unions would have a choice of either approving the deal or facing the necessity of paying premiums for health care.

UFT President Michael Mulgrew said:  “In the last decade the cost of health care has been rising dramatically and over the long term only action by the federal government can solve this national crisis.”

“In the meantime, the municipal unions have been negotiating with the city on how to preserve our health care benefits.  Most importantly, we want to maintain plans that do not require our members to pay the thousands of out-of-pocket dollars that most workers now typically have to pay for health insurance.”

“A new Medicare Advantage plan will be  negotiated to keep that premium-free status, and we will make sure that it meets our retirees’ needs, even while saving hundreds of millions of dollars that will be dedicated to other health care services.”

Arbitrator Martin F. Scheinman issued his findings December 15, 2022.  Scheinman, who played a key role in city/union health agreements in 2014 and 2018, has been appointed by the parties to arbitrate any potential disagreements over interpretation of the pact and to enforce its provisions. Scheinman also chairs the Tripartite Health Insurance Policy Committee, consisting of the city and the MLC, which was formed in 2018 to consider how city health care could be restructured to preserve quality while stemming the rising cost of its delivery.

A copy of the full decision is here: https://www.uft.org/sites/default/files/attachments/Dec15-healthcare-arbitration.pdf

(Scheinman's conclusions start at page 28)
 
More excerpts from Jonathan:

Was 2018 the Worst Bad Deal Ever?

Here’s the link to the MOA: https://www.uft.org/files/attachments/secure/moa-2018.pdf

Appendix B, as you might guess, is not attached.

In fact, when Unity was hard-selling this deal, in an unexplained rush, they clearly said there were no health care give backs. And then they did not provide Appendix B. James found it. But because the leadership hid it, and most members rely on the leadership for their information, there is no way of knowing how many of those who voted yes on the contract knew there were givebacks. Probably very few, in light of Unity’s brazen lies. Arthur provides a good summary of the Unity rush to get the 2018 contract passed without revealing the health care give backs.

Appendix B is a letter. Here’s a link to the whole of Appendix B (4 pages).

So, we already know, agreeing to cutting health care is a bad deal. But worst deal ever? Let’s look at 1.a, and focus on 1.a.iv

First, a reminder: “savings” are savings for the City of New York and the Stabilization Fund. “Savings” for you and me mean less health care, harder to access health care, or more costly health care.

So Appendix B is about health care cuts.

Let’s focus on line iv. $600 million per yer – on a recurring basis. That means, even though that contract is over, the health care cuts need to continue forward. And worse. Any fool knows, health care costs are going up. So whatever cuts were good enough to amount to $600 mil a year ago, they are not enough today. Unity has put us on the hook for never ending cuts in health care. That’s what makes this perhaps the worst negotiated deal, ever.

Our contract is expired. But the health care cuts continue.

The health care cuts are permanent.

And Appendix B promises more cuts every year that health care costs rise.

 

More from Mulgrew:

You have my promise that the UFT will not move forward with the new plan until we have agreed on a high-quality plan our retirees deserve.
Where we go from here
During the next 25 days, we will push Aetna hard on these fronts:
  • increase the size of its provider network in parts of the United States where large numbers of UFT retirees live with the goal of getting 98% of the doctors that UFT retirees use in Aeta’s network.
  • ensure that out-of-network doctors who provide services to our retirees are reimbursed by Aetna at the traditional Medicare rate without our retirees being billed.
  • create a real accountability system that ensures that Aetna delivers all rights and benefits to retirees as agreed upon in the agreement; and set up a clear, fast process to rectify any issues.
  • ensure there is an expedited appeals process for denial of care where specialists in the particular field/procedure make the final determination.
  • ensure every retiree, regardless of pre-existing conditions, is accepted in the new plan.

Municipal Labor Committee