Word: pocketed
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...tell me it is one step above an HMO." She could have chosen a PPO--she doesn't know what that means either--but it cost more. On the other hand, her trusted gynecologist isn't in the plan, so she pays his $125 fee out of her own pocket instead of finding a new one who will accept...
...decades ago, companies provided one-size-fits-all health insurance. It had a deductible, co-insurance and an out-of-pocket maximum. But with medical costs skyrocketing, that system became far too costly for employers to maintain. Says Drew Altman, president of the Kaiser Family Foundation, an independent philanthropy that studies health-care issues: "The country made a de facto decision to go with a market-driven health [care] system based on competition and choice." Some folks were most interested in low cost; others wanted to see any doctor, go to any hospital or take any test they felt necessary...
...PREFERRED PROVIDER ORGANIZATION: This is a hybrid of managed care, as delivered through an HMO, and the old-fashioned fee-for-service plan. In a PPO, you can go to any doctor you want. But out-of-pocket costs are much higher if you go outside the plan's network of providers...
...dead - with an Enron ID still in his pocket eight months into retirement - and he'll tell no tales. Meanwhile, congressional hearings-holders, having debuted in unimpressive fashion Thursday with Arthur Andersen auditor David Duncan taking the Fifth in the House and former SEC Arthur Levitt wearily reciting to the Senate what he'd told them two years ago about conflicts of interest in the financial system, took the day off Friday to update TV news channels on the state of the scandal. The subpoenas are in the mail and the show will only get better, but for now lawmakers...
With politicians of all persuasions anxious to prove that they weren't in the pocket of the boys from Houston and are really working hard to get to the bottom of the Enron mess, hearings on Capital Hill began today. Joe Lieberman, positioning himself for 2004 from the big chair at the Governmental Affairs Committee, is running the Democratic show in the Senate. He'll be trying to stay centrist with fellow Democrat Carl Levin on his left and Fred Thompson on his right - and $11,500 from Arthur Andersen and $2,000 from Enron since 1989 in his pocket...