Any "Latest & Greatest" about Delta?
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
PM sent.
There are some real problems with UHC that threaten the financial security of our pilots. Since we co-insure ourselves you are exposed to WHATEVER rates UHC negotiates with providers. In most cases those rates are lower than standard self pay rates and closer to Medicaid reimbursement (WellStar for instance is allegedly a "non profit" provider). Most of the time we happily see a 70% discount and go about our ways.
But what if UHC decides to enter into a contract which pays much MORE than you would owe otherwise? You will find that under law you owe it. In our case the procedure was billed at just under six times the Medicare rate, which was more than four times UHC's own "usual and customary" rate for non network providers.
UHC is exempt from the laws which regulate insurers, as well as anti trust and consumer protection regulations. A fight with these guys could easily leave a Delta employee bankrupt and given the depth of their abuses there probably are some examples out there to be found.
There are some real problems with UHC that threaten the financial security of our pilots. Since we co-insure ourselves you are exposed to WHATEVER rates UHC negotiates with providers. In most cases those rates are lower than standard self pay rates and closer to Medicaid reimbursement (WellStar for instance is allegedly a "non profit" provider). Most of the time we happily see a 70% discount and go about our ways.
But what if UHC decides to enter into a contract which pays much MORE than you would owe otherwise? You will find that under law you owe it. In our case the procedure was billed at just under six times the Medicare rate, which was more than four times UHC's own "usual and customary" rate for non network providers.
UHC is exempt from the laws which regulate insurers, as well as anti trust and consumer protection regulations. A fight with these guys could easily leave a Delta employee bankrupt and given the depth of their abuses there probably are some examples out there to be found.
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
Who wrote this again? Oct 2:
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
Full disclosure I have positions in and I trade TNA, ERX and FAS.
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
Thanks Carl, but it was a little too personal and it still really upsets me.
One funny aspect of it was that TWO MONTHS later, while non reving back from a hike in Banff the Royal Canadian Mounted Police detected "bomb making materials" on our infant and considered taking her into custody until we explained the whole story. Those sniffers at the airport work amazingly well.
One funny aspect of it was that TWO MONTHS later, while non reving back from a hike in Banff the Royal Canadian Mounted Police detected "bomb making materials" on our infant and considered taking her into custody until we explained the whole story. Those sniffers at the airport work amazingly well.
Under that scenario, we pop positive. How much self disclosure would be required? Last time I looked, the use of firearms is a legal activity. Anybody got any experience in this?
VT (Voluntary Temp) was a great deal for commuters. It didn't affect anyone in the category you were temping to as your bid was processed after everyone who was normally in the category.
For example:
You're a NYC7ERA and an ATL7ERA temps into your category for November. If you are a blockholder (we would have called you NYC7ERB, where the B is for Block, which is equal to REG) or a RES, you will bid and be processed by PBS prior to the ATL7ERA, even if he is senior to you. In this way it didn't hurt anyone, and allowed the company to even out their staffing.
I was a commuter that lived between MSP and DTW and I would have a standing VT card in for whichever base I wasn't permanently based at. It was an equal commute to either base, and I preferred to be VT'd so the company would positive space my commute, pay for hotel, and pay per diem for the entire month (whether I was used or not)
It has to be worded just right, and I see why you're hesitant, but it really was a great deal for commuters, and like I said the rest of the guys didn't really care because the VT's always bid last.
For example:
You're a NYC7ERA and an ATL7ERA temps into your category for November. If you are a blockholder (we would have called you NYC7ERB, where the B is for Block, which is equal to REG) or a RES, you will bid and be processed by PBS prior to the ATL7ERA, even if he is senior to you. In this way it didn't hurt anyone, and allowed the company to even out their staffing.
I was a commuter that lived between MSP and DTW and I would have a standing VT card in for whichever base I wasn't permanently based at. It was an equal commute to either base, and I preferred to be VT'd so the company would positive space my commute, pay for hotel, and pay per diem for the entire month (whether I was used or not)
It has to be worded just right, and I see why you're hesitant, but it really was a great deal for commuters, and like I said the rest of the guys didn't really care because the VT's always bid last.
Who wrote this again? Oct 2:
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
"If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc."
The market fell off the cliff on the 3rd of october. If you had bought tna at the bottom, that day, you would be up about 100% today.
Now noone has a crystal ball, but I wrote that on the 2nd. I did not know the cliff was on the 3rd or the 15th.
No matter how you slice it, in one month you would have beat 8 years of the snyder method. Just sayin.
As a kinda-sometime senior reserve guy in NY, and an unable to even throw bags in the same category in ATL, I could see where unable to hold a good line guys in ATL would come up in order to fly out of NY so they could hold 4th of July (for example) off, and make me fly it. Like you said, it has to be worded right, and so far I have little faith about our lawyers ability to do so. That SUCKS.
But, as you said, making sure our lawyers got it all worded correctly would be vital. Any missing piece screws it up. Plus, as I said before, it's all moot without a monthly AE process.
Ferd
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