Labor Department Touts HUGE Healthcare Win

Bulletin from the feed store: the Department of Labor just finalized a rule making pharmacy benefit managers tell employers what fees and compensation they take in. Labor Secretary Keith Sonderling says that could help employers negotiate better deals for over seventy-two million Americans on self-insured group health plans. CMS Administrator Mehmet Oz says the Anti-Fraud Task Force work with Labor is aimed at savings, and claims about fifty billion dollars in costs have come out of healthcare.

Think about that. For years the middleman's cut sat behind a curtain, and the folks writing the checks were supposed to just trust the curtain. Out here, if I hired a hand and couldn't see what he was charging, he'd be hauling hay for somebody else by Friday.

That's a whole lotta hat and no cattle, except now somebody's counting the cattle.