World spending on defense for the first time in 15 years fell by $1.75 trillion in 2012, which marked a 0.5-percent reduction in comparison with 2011, according to the Stockholm International Peace Research Institute (SIPRI). The share of the U.S. has fallen below the level of 40 percent for the first time since the collapse of the Soviet Union. Russia and China entered the top three of the countries that [...]
Here are the numbers for 2009
Second, even if millionaires don’t deserve assistance, focusing on them loses sight of bigger benefits spending. The 2,362 Americans with $1 million received just $20.8 million in assistance in 2009, a figure that’s just 0.02% of total reported unemployment benefit income and “relatively small,” the CRS says. “The potential administrative costs [of making high-income groups ineligible for benefits] could outweigh the potential savings.” By [...]
ATHENS–Greece’s newly elected government announced Tuesday the merger or closure of 21 state agencies, marking the first steps toward streamlining the country’s bloated public sector, as a delegation of international inspectors returned to Athens.
The entities employ a total of 5,256 people and are funded to the tune of about EUR40 million ($48.2 million) from the state budget, according to an announcement from the Ministry of Administrative Reform.
The 21 agencies–which include [...]
Simple, people on food stamps are more than 50% higher since Obama took office and steadily climbing higher, despite this ‘recovery’. If there was indeed a recovery and economic growth from all the trillions in stimulus and deficit spending, food stamp usage would have gone down, not up.
Thank you, Mr. I-will-cut-the-deficit-in-half, Food Stamp President, for 4 wasted years and an additional $5 trillion of debt.
The Congressional Budget Office said Thursday that 45 [...]
The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.
Click for larger CBO infographic.
Spending for the program, not including administrative costs, rose to $72 billion in 2011, up from $30 billion four years earlier. The CBO projected that one in seven [...]
Millions of Americans are to receive refunds from their health insurance companies.
The rebates come as a part of a new policy in the federal health care system which puts strict conditions on how insurers spend their money.
The new rules, which came into place last year, state that insurers must spend between 80 and 85 percent of premium dollars on medical care.
Insurance companies that violate the rule will be required to [...]
President Obama spoke on the economy Wednesday within walking distance of a manufacturing plant that faces a potentially crippling Environmental Protection Agency regulation.
The Daimler Truck North America plant in Mount Holly, N.C., where Obama spoke, isless than a mile from a manufacturing facility operated by the National Gypsum Company that is subject to strict environmental rules under the EPA’s Greenhouse Gas Reporting Program, a program that imposes hundreds of millions of dollars in administrative costs on [...]
2 AT 06:30 PM PST
Medicare is still more cost-efficient than private insurance
Last year, both the Congressional Budget Office and Standard & Poor’s reported that the growth of costs in Medicare has slowed significantly, much more slowly that the growth of costs for private care.
Turns out, it’s not just a one-year trend.
Despite competition and choice in the private insurance system, Medicare spending has grown more slowly than private insurance premiums [...]
Rolling Back ObamaCare: Eliminate the Medical Loss Ratio
The health care legislation requires health insurers offering individual and small group policies to meet an 80 percent medical loss ratio (MLR), meaning they must spend 80 cents of every premium dollar on claims, with the remaining 20 cents going to administrative costs. Large group policies have to meet an 85 percent loss ratio. The MLR is nothing but a price control mechanism [...]
Microsoft and Starbucks are among 70 corporations, financial institutions, medical centers, and other major organizations that have signed on to a friend-of-the-court brief in support of a challenge to the federal Defense of Marriage Act (DOMA).
The organizations are, or represent, major employers who argue that DOMA imposes significant administrative costs, and that it harms their ability to attract and retain talent.
“Microsoft has joined dozens of corporations, organizations and governments in support [...]
Why Your Stitches Cost $1,500: A Look at the Absurd Health Care Costs in America
Why Your Stitches Cost $1,500 – Part One
“The US ranked last in overall quality of health care among surveyed nations.”
“While quality suffers, costs are still high: Americans spend more than 2X on health care”
Why Your Stitches Cost $1,500 – Part Two
“The US is government is less involved in price regulation, so Americans have less power [...]
About 45% of the cost of our healthcare goes to paper work. This is why you never see an rn if you are a patient
They are too busy doing paper work. When i say the healthcare is better elsewhere i am speaking about individual hospitals not whole country systems. As an example the health care in india is a pay as you go system only 15% of india’s population [...]