Advancing. 05 and the nasdaq climbing, i want to talk about whats become the mustown stock of this earnings season. Facebook. If you paid any attention to the market Coverage Today you probably heard someone say that facebook with the newfound 190 billion market capitalization after the 3. 69 rally is ridiculously overvalued. You heard it. I heard it snc you know how they slam it wait a second. They use brand name comparisons like, what do you mean its worth more than intel or oracle for heavens sake . Thats wrong like theyre indig minu nant about it. Its past merck some merck is now tied with pfizer . No way no relatively recent upstart can be worth that much, right . It just came public two years ago, right . Its crazy that its larger than so many american, established dut companies, right . Wrong wrong. Ill do the real analysis that Portfolio Managers use, let me first explain just how stupid this kind of compare son, reasoning really is. I remember in the miden 1980s i was, woing a
Feel the president was right. I want to underscore the same president the president made. I felt the same as the president did. I think romneys leaning obama. [ laughter ] but where on earth is the serious press coverage of their exchanges on libya, on afghanistan, on terrorism . Plus, obamas media blitz from Brian Williams to jay leno to mtv. What are you most worried about . Malia getting a drivers license, malia going out on a date, or malia being on facebook . I worry about facebook right now even just for security reasons. You know, she doesnt have a facebook page. Are the media giving the president a friendly platform . Im howard kurtz, and this is reliable sources. Did you know that mitt romney engages in spraytanning before major events . That is what buzz feed is reporting and mass conjecture in social media despite a denial from the Romney Campaign. This is ephemeral stuff thats been coloring the campaign challenge, a challenge from media organizations that ought to focus on
To lend our support and to affirm our commitment to quality transparency and to Price Transparency. I am im the manager here in San Francisco for Kaiser Foundation hospital and health plan and im accountable for the care delivered to a little of over 192,000 people. 3,000 healthy San Francisco 192,000 people. 3,000 healthy San Francisco healthy participant and 3,000 Health Members and for kaiser california we serve 55,000 city and county employees and a little over 2,000 in San Francisco. We value our partner and our relationship with the city and county. And we look forward to collaborating on this effort. For many years, kaiser has been involved in sharing successful clinical practices, quality transparency. We know that by doing that, we get the best clinical outcomes for our patients. For example, if youre a kaiser member in Northern California, you have a 30 percent lower risk of dying from Heart Disease as compared to someone who is not. We have outcomes like that and we know tha
That is really localized to San Francisco whether its Health Care Plans related to city ask county employees, things that are truly local to this area, you think youll have better luck and i think everyone i think the nation as a whole is poised for Price Transparency initiative, but everyone is trying Different Things and waiting to see and it would be wonderful to have a pilot system from the city of San Francisco to step up. Theres things to do that wont run a foul of what has happened in california. You may receive some push back on some of that, but to the extent that you keep it narrative on whats happening in San Francisco accident i think you can make great public arguments about why this is an issue for the city and it provides information for the state Going Forward and my basic understanding of pre em gs law, is it is very case specific and healthly swayed by Public Policy. I think that the things you could do is try things like requiring disclosure for plans negotiated here
Raps. Want to invite ann mccloud up who is the president of the hospital. Thank you for being here. Good afternoon and thank you for having me today. As Senior Vice President for hospital, cha represents more than 450 hospitals throughout the entire state of california. Were happy to be here today and we applaud your efforts with the goal of reducing Health Care Cost. I they we striving for that i think we striving for that and your folks said, achieving that aim. Were supportive of that. I want to say that i hope my comments today arent perceived as not being supportive of transparency, and theyre not. I hope they provide you with a balance perspective on what transparency may or may not do. When we talk about the fundamental issue of price in health care and we heard that used interchangeable three throughout the morning, price, cost, price, cost. Theyre two Different Things in hospitals. We have to work it disintangling cost from cost. Ill put it in the perspective of the airline in