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The Week in Enterprise: Blissful New 12 months, Right here’s $600

Welcome to 2021. The next few months may not be easier than the last, but let’s take it one week at a time. Here is the business and technical news you need to know for the days to come. – Charlotte Cowles

Under increasing pressure from both parties, on December 27, President Trump finally signed a $ 900 billion pandemic rescue package that he had previously spoken out against. The bill, which was haggled in Congress for months, prevented the government from closing and provided billions of dollars in coronavirus aid to hospitals, schools, businesses and American families. By delaying his signature, Mr Trump phased out two pandemic-related unemployment assistance programs and put the livelihoods of millions of Americans at risk. The new legislation reinstated them.

The aid bill may be official, but Congress is still debating one of its provisions: the stimulus tests for direct payments. Should they each be $ 600 as originally stated on the bill or $ 2,000 as Mr. Trump requested? The Democrats were more than happy to sign Mr Trump’s push for higher payments, which left Republicans in the uncomfortable position of defying the president if they disagreed. However, Senate Majority Leader Mitch McConnell said there was “no realistic path” for the proposal, which he could effectively block by embarking on two other measures that the Democrats would never agree to, including an integrity investigation 2020 elections. The $ 600 payments went to the Americans last week and most recipients are expected to save the money instead of spending it and kicking the economy.

If you’ve ever paid a hospital bill, you know how confusing they can be. This is because the price of a medical procedure depends on the rate each hospital negotiates with individual insurers. This amount is usually kept confidential and largely depends on how much the procedure actually costs the hospital. A new federal rule that went into effect Jan. 1 now requires hospitals to disclose the tariffs they negotiate with insurers – or face fines of up to $ 300 per day. That penalty is peanut compared to what hospitals typically charge both insurers and patients, but it’s a step towards transparency.

Have you canceled your vacation plans this year? I definitely did – it seemed pointless to take time out just to sit at home. Apparently I’m not alone, and now many employers are adjusting their vacation policies to allow workers to stick to the vacation days they didn’t take in 2020. Instead of rules required of employees, a number of large corporations, including Bank of America, Citigroup, and Condé Nast, allow special time in late December to extend their paid time off into the New Year. One more thing to look forward to in 2021.

Everyone agrees that vaccine distribution in the US is going too slowly and that the federal government has nowhere near reached its goal of having 20 million people vaccinated by the end of 2020. But no one can agree why. The Trump administration has accused states of not moving quickly enough with the vaccines it received. The state governments say they need more federal funding. And delays in shipping during the holidays don’t help either. President-elect Joseph R. Biden Jr. criticized the Trump administration’s handling of the process, warning that at this rate it would take “years, not months” to get enough vaccines to protect the country and restore the economy can be opened.

Another thing we’d love to leave behind in 2020: Brexit and its incessant drama. More than four years after Britain voted to leave the European Union, the two sides finally agreed on new travel and trade rules, and the UK Parliament approved the deal last week. The agreement will introduce new customs procedures at the UK border and end the free movement of people between the UK and EU countries. But that’s already happening anyway as the UK is depending on a new variant of the coronavirus that’s spread across the country.

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Health

Right here’s Why the ‘Final Mile’ of Vaccine Distribution Is Going So Slowly

In Florida, less than one-quarter of delivered coronavirus vaccines have been used, even as older people sat in lawn chairs all night waiting for their shots. In Puerto Rico, last week’s vaccine shipments did not arrive until the workers who would have administered them had left for the Christmas holiday. In California, doctors are worried about whether there will be enough hospital staff members to both administer vaccines and tend to the swelling number of Covid-19 patients.

These sorts of logistical problems in clinics across the country have put the campaign to vaccinate the United States against Covid-19 far behind schedule in its third week, raising fears about how quickly the country will be able to tame the epidemic.

Federal officials said as recently as this month that their goal was to have 20 million people get their first shot by the end of this year. More than 14 million doses of the Pfizer and Moderna vaccines had been sent out across the United States, federal officials said on Wednesday. But, according to the Centers for Disease Control and Prevention, just 2.8 million people have received their first dose, though that number may be somewhat low because of lags in reporting.

States vary widely in how many of the doses they’ve received have been given out. South Dakota leads the country with more than 48 percent of its doses given, followed by West Virginia, at 38 percent. By contrast, Kansas has given out less than 11 percent of its doses, and Georgia, less than 14 percent.

Compounding the challenges, federal officials say they do not fully understand the cause of the delays. But state health officials and hospital leaders throughout the country pointed to several factors. States have held back doses to be given out to their nursing homes and other long-term-care facilities, an effort that is just gearing up and expected to take several months. Across the country, just 8 percent of the doses distributed for use in these facilities have been administered, with two million yet to be given.

The holiday season has meant that people are off work and clinics have reduced hours, slowing the pace of vaccine administration. In Florida, for example, the demand for the vaccines dipped over the Christmas holiday and is expected to dip again over New Year’s, Gov. Ron DeSantis said on Wednesday.

And critically, public health experts say, federal officials have left many of the details of the final stage of the vaccine distribution process, such as scheduling and staffing, to overstretched local health officials and hospitals.

“We’ve taken the people with the least amount of resources and capacity and asked them to do the hardest part of the vaccination — which is actually getting the vaccines administered into people’s arms,” said Dr. Ashish Jha, the dean of Brown University’s School of Public Health.

Federal and state officials have denied they are to blame for the slow rollout. Officials behind Operation Warp Speed, the federal effort to fast-track vaccines, have said that their job was to ensure that vaccines are made available and get shipped out to the states. President Trump said in a tweet on Tuesday that it was “up to the States to distribute the vaccines once brought to the designated areas by the Federal Government.”

“Ultimately, the buck seems to stop with no one,” Dr. Jha said.

These problems are especially worrisome now that a new, more contagious variant, first spotted in Britain and overwhelming hospitals there, has arrived in the U.S. Officials in two states, Colorado and California, say they have discovered cases of the new variant, and none of the patients had recently traveled, suggesting the variant is already spreading in American communities.

The $900 billion relief package that Mr. Trump signed into law on Sunday will bring some relief to struggling state and local health departments. The bill sets aside more than $8 billion for vaccine distribution, on top of the $340 million that the C.D.C. sent out to the states in installments in September and earlier this month.

That infusion of money is welcome, if late, said Dr. Bob Wachter, a professor and chair of the department of medicine at the University of California, San Francisco. “Why did that take until now when we knew we were going to have this problem two months ago?”

Covid-19 Vaccines ›

Answers to Your Vaccine Questions

With distribution of a coronavirus vaccine beginning in the U.S., here are answers to some questions you may be wondering about:

    • If I live in the U.S., when can I get the vaccine? While the exact order of vaccine recipients may vary by state, most will likely put medical workers and residents of long-term care facilities first. If you want to understand how this decision is getting made, this article will help.
    • When can I return to normal life after being vaccinated? Life will return to normal only when society as a whole gains enough protection against the coronavirus. Once countries authorize a vaccine, they’ll only be able to vaccinate a few percent of their citizens at most in the first couple months. The unvaccinated majority will still remain vulnerable to getting infected. A growing number of coronavirus vaccines are showing robust protection against becoming sick. But it’s also possible for people to spread the virus without even knowing they’re infected because they experience only mild symptoms or none at all. Scientists don’t yet know if the vaccines also block the transmission of the coronavirus. So for the time being, even vaccinated people will need to wear masks, avoid indoor crowds, and so on. Once enough people get vaccinated, it will become very difficult for the coronavirus to find vulnerable people to infect. Depending on how quickly we as a society achieve that goal, life might start approaching something like normal by the fall 2021.
    • If I’ve been vaccinated, do I still need to wear a mask? Yes, but not forever. Here’s why. The coronavirus vaccines are injected deep into the muscles and stimulate the immune system to produce antibodies. This appears to be enough protection to keep the vaccinated person from getting ill. But what’s not clear is whether it’s possible for the virus to bloom in the nose — and be sneezed or breathed out to infect others — even as antibodies elsewhere in the body have mobilized to prevent the vaccinated person from getting sick. The vaccine clinical trials were designed to determine whether vaccinated people are protected from illness — not to find out whether they could still spread the coronavirus. Based on studies of flu vaccine and even patients infected with Covid-19, researchers have reason to be hopeful that vaccinated people won’t spread the virus, but more research is needed. In the meantime, everyone — even vaccinated people — will need to think of themselves as possible silent spreaders and keep wearing a mask. Read more here.
    • Will it hurt? What are the side effects? The Pfizer and BioNTech vaccine is delivered as a shot in the arm, like other typical vaccines. The injection into your arm won’t feel different than any other vaccine, but the rate of short-lived side effects does appear higher than a flu shot. Tens of thousands of people have already received the vaccines, and none of them have reported any serious health problems. The side effects, which can resemble the symptoms of Covid-19, last about a day and appear more likely after the second dose. Early reports from vaccine trials suggest some people might need to take a day off from work because they feel lousy after receiving the second dose. In the Pfizer study, about half developed fatigue. Other side effects occurred in at least 25 to 33 percent of patients, sometimes more, including headaches, chills and muscle pain. While these experiences aren’t pleasant, they are a good sign that your own immune system is mounting a potent response to the vaccine that will provide long-lasting immunity.
    • Will mRNA vaccines change my genes? No. The vaccines from Moderna and Pfizer use a genetic molecule to prime the immune system. That molecule, known as mRNA, is eventually destroyed by the body. The mRNA is packaged in an oily bubble that can fuse to a cell, allowing the molecule to slip in. The cell uses the mRNA to make proteins from the coronavirus, which can stimulate the immune system. At any moment, each of our cells may contain hundreds of thousands of mRNA molecules, which they produce in order to make proteins of their own. Once those proteins are made, our cells then shred the mRNA with special enzymes. The mRNA molecules our cells make can only survive a matter of minutes. The mRNA in vaccines is engineered to withstand the cell’s enzymes a bit longer, so that the cells can make extra virus proteins and prompt a stronger immune response. But the mRNA can only last for a few days at most before they are destroyed.

The task of administering thousands of vaccines is daunting for health departments that have already been overburdened by responding to the pandemic. In Montgomery County, Maryland, the local health department has recruited extra staff to help manage vaccine distribution, said Travis Gayles, the county health officer.

“While we’re trying to roll out vaccinations, we’re also continuing the pandemic response by supporting testing, contact tracing, disease control and all of those other aspects of the Covid response,” Dr. Gayles said.

Complicating matters, the county health department gets just a few days of notice each week of the timing of its vaccine shipments. When the latest batch arrived, Dr. Gayles’s team scrambled to contact people eligible for the vaccine and to set up clinics to give out the doses as fast as possible.

Over all, Maryland has given nearly 17 percent of its vaccine doses. In a Wednesday appearance on CBS, Gov. Larry Hogan attributed the slow process to challenges across the board — from the federal government not sending as many doses as initially predicted, to the lack of logistical and financial support for local health departments.

In Texas, Gov. Greg Abbott and top state health officials say vaccines are available in the state but are not being distributed quickly enough to deal with a critical surge of Covid-19 cases that is pushing hospital capacity to the breaking point.

“A significant portion of vaccines distributed across Texas might be sitting on hospital shelves as opposed to being given to vulnerable Texans,” the governor tweeted Tuesday.

In California, Gov. Gavin Newsom on Wednesday encouraged people to be “humble” in the face of such a complicated task and said that the pace of vaccination would accelerate. California has administered 20 percent of the doses it’s received.

Hesitancy among people offered the vaccine may also be slowing the rollout. Gov. Mike DeWine of Ohio said in a news conference on Wednesday that roughly 60 percent of nursing home staff members offered the vaccine in the state had declined it. In Florida, some hospital workers offered the vaccine declined it, and those doses are now designated for other vulnerable groups like health care workers in the community and the elderly, but that rollout has not quite begun, said Justin Senior, chief executive officer for the Safety Net Hospital Alliance of Florida, a hospital consortium.

There are bright spots. Some states and hospitals are finding ways to speedily administer the vaccines they have received. West Virginia said on Wednesday that it had finished giving the first round of vaccine doses to willing residents and workers at all of the state’s 214 long-term-care facilities — putting the state far ahead of most other states that began vaccinating at these facilities under a federal program with CVS and Walgreens.

In Los Angeles, Cedars-Sinai Medical Center, which employs some 20,000 people at several facilities, was vaccinating about 800 people a day, said Dr. Jeff Smith, Cedars-Sinai’s chief operating officer. He said Cedars-Sinai expected to vaccinate all of its staff members who have opted for the vaccine within a couple of weeks.

But other communities are falling short of that rapid clip. Dr. Smith said the medical community is worried about staffing shortages when hospitals have to both administer vaccines and treat Covid-19 patients.

In a news conference on Wednesday, Operation Warp Speed officials said they expected the pace of the rollout to accelerate significantly once pharmacies begin offering vaccines in their stores. The federal government has reached agreements with a number of pharmacy chains — including Costco, Walmart, and CVS — to administer vaccines once they become more widely available. So far, 40,000 pharmacy locations have enrolled in that program.

Most vaccines administered across the country to date have been given to health care workers at hospitals and clinics, and to older adults at nursing homes. Gen. Gustave F. Perna, the logistics lead of Operation Warp Speed, on Wednesday described them as “two very difficult, challenging groups” to immunize.

But public health officials warned that reaching these initial groups, who are largely being vaccinated where they live or work, is a relatively easy task. “This is the part where we’re supposed to know where people are,” said Dr. Saad B. Omer, the director of the Yale Institute for Global Health.

It may be more difficult, public health officials say, to vaccinate the next wave of people, which will most likely include many more older Americans as well as younger people with health problems and frontline workers. Among the fresh challenges: How will these people be scheduled for their vaccination appointments? How will they provide documentation that they have a medical condition or a job that makes them eligible to get vaccinated? And how will pharmacies ensure that people show up, and that they can do so safely?

“In the next phase,” said Dr. Jha of Brown University, “we’re going to hit the same wall, where all of a sudden we’re going to have to scramble to start figuring it out.”

Lucy Tompkins and David Montgomery contributed reporting.

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Health

This is what you must know if you wish to change Medicare Benefit Plan

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Yes, Medicare’s annual enrollment period ended on December 7th.

No, all hope is not lost when you find that the benefit plan you have chosen for 2021 does not match.

This is because Medicare has a three-month window at the beginning of each year from January 1 to March 31 when you can swap your benefit plan for another or drop it and return to Medicare (Part A Hospital Insurance and Part B Outpatient Coverage)).

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“The most common reason people change is because they change during the [fall enrollment window] without realizing that one of their doctors is off the network or one of their drugs is not on the prescription, “said Danielle Roberts, co-founder of the insurance company Boomer Benefits.

Also from January 1st to March 31st, if you missed your first Medicare registration period and do not qualify for an exemption, you can register during that time. If this is your situation, coverage won’t start until July 1, said Elizabeth Gavino, founder of Lewin & Gavino and independent broker and general agent for Medicare plans.

Of the 63 million or so Medicare beneficiaries, around 25 million are enrolled in a benefit plan that includes Parts A and B, and usually Part D for prescription drugs, as well as extras such as teeth and eyesight.

The upcoming three-month opportunity to change or drop your benefit plan will come just weeks after Medicare’s annual fall registration ends, when a multitude of options were available for those looking to change their coverage.

In contrast, the upcoming window related to the benefit plan has limitations.

For starters, you can only do one switch. This means that the change will generally be locked in 2021 as soon as you switch to another benefit plan or delete it for basic Medicare (unless you meet an exclusion that qualifies you for a specific registration period).

Additionally, you cannot switch from one standalone Part-D prescription medication plan to another in that three month window.

In the fall, if you selected a Part-D plan based on inaccurate or misleading information, anytime during the year you can call 1-800-Medicare to see if your situation allows you to make changes.

In the meantime, deleting a benefit plan in favor of Basic Medicare often means losing drug coverage – which means you have to sign up for a standalone Part-D plan. This is important because if you remain uncovered for 63 days, you face a life penalty for late enrollment that will affect your monthly premiums.

If you switch back to Original Medicare and want to get supplementary insurance (also known as “Medigap”), be aware that you may not be eligible for guaranteed coverage. These guidelines cover all or part of the cost sharing of some aspects of Parts A and B, including deductibles, co-payments and co-insurance. However, they have their own rules for signing up.

If someone is planning to go back to the original Medicare and get a Medigap plan, they should be aware that they will likely have health questions to answer.

Danielle Roberts

Co-founder of Boomer Benefits

“If someone plans to go back to the original Medicare and get a Medigap plan, they should be aware that they will likely have health questions to answer and go through the underwriting,” said Roberts.

She recommends starting the process by applying for the Medigap plan and getting approval before leaving the benefit plan or signing up for a standalone Part-D plan.

“If you sign up for the Part-D plan, you will be removed from the Medicare Benefits Plan, so it’s important to wait for that part as well,” said Roberts. “We encourage people who need to make changes to do so at the beginning of the legislature.”

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The U.Okay. has recognized a brand new Covid-19 pressure that spreads extra shortly. This is what they know

England’s top medical officer announced Saturday that the UK had identified a new variant of the coronavirus that “can spread faster” than previous strains of the virus, prompting Prime Minister Boris Johnson to impose new restrictions on parts of the nation to control its spread.

“We learn from this over time, but we already know enough, more than enough, to be sure that we need to act now,” Johnson said during a press conference on Saturday setting new restrictions on London and other parts of England before the Christmas holidays.

“If the virus changes its method of attack, we’ll have to change our method of defense,” said Johnson.

The UK government announced the new strain of coronavirus on Monday after cases increased in the south and east of England. According to a statement from Public Health England, just over 1,100 Covid-19 cases had been identified with the new variant by Sunday.

Now it is believed the new strain could be up to 70% more communicable than the original strain of the disease, Johnson said on Saturday, adding that it appears to be fueling the rapid spread of infections. Johnson urged residents not to travel and “stay on-site” to keep the new strain from moving around the country and abroad.

The UK reports around 24,061 new Covid-19 cases daily based on a weekly average, an increase of more than 40% from the previous week, according to a CNBC analysis of data compiled by Johns Hopkins University.

“This is early data that needs to be verified, but it is the best we have right now and we need to respond to information as we have it because it is now spreading very quickly,” said Johnson.

Professor Chris Whitty, England’s chief medical officer, said at the press conference that “viruses are constantly mutating”. Seasonal influenza mutates every year, and other new variants of the coronavirus have already been identified in countries like Spain, according to Public Health England.

What needs to be answered is whether the new strain will transmit more easily, make people sick, and whether it will change the way a person’s immune system responds to the virus if they are already infected or vaccinated, Whitty said.

So far, a body of evidence from genetic studies, frequency studies, and laboratory studies suggests that the new strain “has a significant, substantial increase in transmissibility,” Whitty said. So far, however, there is no evidence that the new strain causes a higher mortality rate.

Health officials believe the new variant first appeared in London or Kent in mid-September, and by mid-November it is believed to have caused about 28% of cases in London and other parts of south-east England, Whitty said.

Now those numbers are much higher, he said. In London last week, data suggests the new variant accounts for more than 60% of new cases, Whitty said.

“So that tells us that this new variant is not only moving fast, it also transmits better, it also becomes the dominant variant. It beats everyone else in terms of transmission,” he said.

However, there is “no evidence” that it causes more severe illness, more hospitalizations, or “more problems than the other virus,” Whitty said. While there are reasons to suspect the new variant might alter a person’s immune response to the disease, nothing suggests that it has so far, he said.

“We are currently assuming by all scientists that the vaccine response for this virus should be appropriate,” he said. “Obviously this has to be checked in the future, and we have to remain vigilant in this regard.”

The UK has alerted the World Health Organization and will continue to analyze data on the new strain.