Who Buys Generic and Why

June 25, 2013

When you look at a generic product on the shelf, is there a little voice in the back of your head that says, ‘It must be a little bit inferior to the name brand‘?  That’s certainly what the name brands would like you to think, since they spend tons of money to get you to pick their product, but generally research shows most generics are almost identical to many name brands. And, of course, they cost a lot less.

So, who among us is smart enough to realize that and resist the urge to go for the well-advertised product, instead reaching for that blandly packaged generic?  According to a new study of shopping data by Nielson Co. people who work as nurses and chefs are among those who most often save the bucks and chose the generic.

Education appears to be a factor in choosing generics.  People who’ve gone to college are more likely to pick generic headache remedies than those who don’t.  The Wall Street Journal took an intriguing look at the new research.  You can read more here.

 

 

Career Colleges Under Investigation

June 11, 2013

For-profit colleges say they offer working adults and other non-traditional students access to a college degree and career, but the promise doesn’t always work out so great for students or taxpayers.  Schools like ITT Tech, University of Phoenix, The Art Institutes and Kaplan are among those  that advertise they give you the skills to get a job.  Click here to watch this report on “For-Profit Colleges” by Dan Rather Reports.

Read more

A Whistleblower in His Own Words

June 6, 2013

Clark Bolton
WellCare Whistleblower

By Angie Moreschi:

A first hand account of a whistleblower experience is not something you hear very often. Whistleblowers are a rare breed. They often come forward reluctantly, but are compelled to reject silence in order to expose wrongdoing and fraud against the government.

Clark Bolton is one of those rare few. He came forward as a whistleblower against insurance provider WellCare after uncovering evidence of Medicaid/Medicare fraud.  His case ultimately helped lead to a $137.5 million settlement. He shared his experience with CWN to offer insight into what it’s like to be a whistleblower.

Read more