Wolf Richter www.testosteronepit.com
There has been anecdotal evidence. But now The Wall Street Journal in its story about GE’s quandary confirmed it: the toughest creature out there that no one has been able to subdue yet, the inexplicable American consumer, is apparently accomplishing a miracle: putting the screws to runaway health-care costs. One of their targets: over-used, over-hyped medical services, such as MRIs and CT scans—an industry bubble that has been ballooning by the [...]
U.S. Representative Paul Ryan of Wisconsin said he provided “several years” of tax records toMitt Romney’s campaign as part of its vetting process for choosing a running mate on the Republican presidential ticket.
Ryan also said he planned to release two years of his tax records to the public, as Romney has pledged to do. Democrats and even some Republicans have called on Romney to release more years of his returns.
“It was a very exhaustive [...]
(ALL GOV) For those paying income taxes later this month and wondering just what their money goes toward, here is a breakdown of how the U.S. government spends it.
One quarter of all income taxes are consumed by national defense, which represents the largest slice of the tax-money pie. More precisely, 10.3% goes to “ongoing operations;” 7.9% to research, development, weapons and constructions; and 5.6% to salaries and benefits.
Almost another quarter [...]
A growing number of states are sharply limiting hospital stays under Medicaid to as few as 10 days a year to control rising costs of the health insurance program for the poor and disabled.
Advocates for the needy and hospital executives say the moves will restrict access to care, force hospitals to absorb more costs and lead to higher charges for privately insured patients.
States defend the actions as a way to [...]
By Sarah Kliff, Published: October 22
The news came as a shock: Wal-Mart, the nation’s largest private employer, would not offer health benefits to new part-time employees, the company said Friday.
But perhaps it shouldn’t have been so surprising, since the retailer was among a minority of U.S. businesses. Only 16 percent of employers offer health insurance to part-timers, according to the Kaiser Family Foundation’s most recent Employer Health Benefits Survey. The number increases to 42 [...]