Richie Heath

[Richie Heath @rlh0772]

@LevelUp975 Private equity, publicly traded company profits in hospitals and insurance are definitely big drivers. Healthcare is the largest industry in the US w/ boomers driving up demand and fewer med students. Student loans avg 350-500K & 10-12 yrs of post high school work.

[Richie Heath @rlh0772]

@LevelUp975 There are a lot of factors that have led to this. One thing I can say is it’s not physicians ripping you off. Insurance rates paid to doctors are based on Medicare. Medicare in my specialty has been cut 25%-30% before inflation over the past 25 years. W/ inflation around 45%.

[Richie Heath @rlh0772]

@KeithMcCullough I am thinking China

[Richie Heath @rlh0772]

@DiMartinoBooth 20 for 20. Definitely a list for GenX

[Hedgeye @Hedgeye]

America Has 44% More Home Sellers Than Buyers, per Redfin

[Hedgeye @Hedgeye]

The number of homebuyers has fallen to the lowest level on record.

[Richie Heath @rlh0772]

@KeithMcCullough @HedgeyeIndstrls Another day and heading towards another ATH in th accounts. Up 114bps so far at noon.

[Richie Heath @rlh0772]

@LevelUp975 Give massive tax cuts to corporations billionaires so the average American who struggles with basics can work longer to help pay for it.

[Richie Heath @rlh0772]

@KeithMcCullough

[Richie Heath @rlh0772]

@KeithMcCullough Same here Keith. Thanks as always for the RR, Vol and coaching in those RTAs.

[Richie Heath @rlh0772]

@LevelUp975 Practices are sold to private equity unfortunately in most case because of cash flow needs. Docs want to get out of management and just get a paycheck without the hassle . Private Equity jacks up prices and pulls money out. Private Equity definitely doesn’t help.

[Richie Heath @rlh0772]

@LevelUp975 They have tried moving to the quality incentives but little has changed. Staff cost rise and reimbursement continues to be cut by Medicare which drives insurance reimbursement rates. This requires further volume increase just to stay even. Docs retiring w/fewer going to Med Sc.

[Richie Heath @rlh0772]

@KeithMcCullough Keith when are you getting Mike T back on for a real conversation. We need that top 10 prediction list again like last year!!

[Richie Heath @rlh0772]

@LevelUp975 100%. The devil you know versus the devil you don’t. Where do people think the revenue is going to come from to pa for schools, roads, police, fire,etc. If it’s not property tax it’s going to be tax on something else. Gas and sales tax would go up significantly.

[Blah Blah Blah @Gator2526]

Scott Stricklin running a coaching search

[Patrick 🐊 @ForTheFlagship]

$31 million in buyouts. 1-for-7 on hires. Multiple scandals ignored. This is Scott Stricklin's record at UF. https://t.co/hr9m0RoxqR #FireScottStricklin

[Richie Heath @rlh0772]

@LevelUp975 100%. We haven’t had a balanced budget or surplus in 25 years. We have multiple tax cuts mostly for the wealthy and business without subsequent cuts in expenses. Boomers retiring driving up cost of SS and Medicare. It’s not rocket science.

[Richie Heath @rlh0772]

@LevelUp975 It was the best of two bad choices. I still can’t believe those two were chosen by their respective parties.

[Richie Heath @rlh0772]

@KeithMcCullough Totally calm today. Lost a little today but raised cash last two days and even more this morning. Ready to deploy when the signal comes but not before.