Obama's pal Buffett enriched again by govt; taxpayers lose

Suddenly, the government has dramatically raised the profit potential of a company, Da Vita, that Obama donor Warren Buffett has a huge investment in. DaVita runs dialysis centers across America. From the Wall Street Journal: The Centers for Medicare and Medicaid Services said it would reduce payments to kidney dialysis providers by less than 1% over the next two years in a reversal of the much-larger cuts it had proposed this summer. The decision handed at least a temporary victory to dialysis providers such as DaVita HealthCare Partners Inc. Medicare pays for the majority of patients with life-threatening kidney failure, also known as end-stage renal disease, through lump-sum payments for each patient receiving treatment at dialysis centers. In 2014, the base rate paid per patient will be $239.02, down 0.55% from the 2013 base rate of $240.36, Medicare said after the market's close on Friday. In 2015, the rate will remain flat from the year before. Shares of DaVita rose 8.7%...(Read Full Post)