No, Virginia, You Might Not Be Able To Keep Your Physician; Cisco To Cut 4,000 Jobs -- Slow Economy -- Will Save On ObamaCare Costs

The Wall Street Journal is reporting:

This fall, Indiana's new online health-insurance marketplace will present some tough choices for consumers like John Nowak, who will be able to pick a plan from his current insurer—or go for one that includes his primary-care doctor.

That is because Mr. Nowak's current insurer won't include Indiana's biggest health-care provider, 19-hospital Indiana University Health, in the plans it sells on the consumer exchange. If Mr. Nowak buys a new exchange plan from WellPoint Inc.'s Anthem Blue Cross and Blue Shield, he will generally have to pay the cost out of his own pocket if he sees the system's doctors, because they aren't in the network.

My hunch: a lot of physicians are going to opt out.

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The Wall Street Journal is reporting:

Cisco Systems Inc. is once again tightening its belt, this time before bad news hits the bottom line.

The Silicon Valley network-equipment giant on Wednesday said it would cut 4,000 jobs, or 5% of its workforce, despite reporting an 18% jump in profit in the fourth fiscal quarter.

John Chambers, Cisco's chief executive, blamed the decision largely on a disappointing economic recovery that is affecting particular countries and product lines in different ways.