June 17, 2010 |
As a hospital-based doctor, I am one of the people responsible for the country's ever-escalating cost of healthcare. And I can tell you that the new healthcare plan will do nothing to restrain me. There is enormous pressure on healthcare providers to continue practicing the most expensive medicine in the world. To resist that pressure, we need some help from policymakers. Consider the case of a man I'll call Mr. A. At the age of 80, he is admitted to intensive care after a huge stroke.
August 3, 2012 |
WASHINGTON -- The U.S. Senatehas paid tribute to National Chess Day. Now it's Sen. Jim DeMint's move. The South Carolina Republican and several of his Senate colleagues have introduced legislation that would require senators to pay for such commemorative resolutions out of their office budgets rather than from the U.S. Treasury. The money comes from the taxpayers in either case, but DeMint says the printing of symbolic resolutions has "gotten out of hand. " His fellow senators are likely to be more judicious about introducing such resolutions if they have to dip into their office budgets to pay the printing costs, he says.
January 7, 2014 |
Stubbornly high unemployment among millennials costs the U.S. billions in lowered tax revenue and higher safety net costs, according to one study. Millennials -- defined as those 18 to 34 years old -- have suffered from double-digit jobless rates for almost six years, according to a study by youth advocacy group Young Invincibles. The youngest, aged 16 to 24, suffer from 15% unemployment, the highest rates among youth. The long-term consequences of high unemployment in an entire generation of young people has been well researched, with echoes throughout their careers in the form of lower earnings and fewer job opportunities.
May 8, 2013 |
Employee absenteeism due to poor health costs U.S. businesses an estimated $84 billion a year in lost productivity, according to a new study. The annual cost ranges from $24.2 billion in professional fields to $160 million among agricultural workers, according to a Gallup poll . The study was based on more than 94,000 interviews conducted through much of last year with adults who work more than 30 hours a week. Quiz: How much do you know about Internet sales taxes?
June 19, 2013 |
A study found that if patients and doctors used medicines responsibly, the U.S. healthcare system could save $213 billion annually. Failing to adhere to prescription instructions, misuse of antibiotics and medication errors are some of the reasons for the avoidable costs, according to findings from IMS Institute for Healthcare Informatics. Together, these areas lead to unnecessary utilization of healthcare resources involving an estimated 10 million hospital admissions, 78 million outpatient treatments, 246 million prescriptions and four million emergency room visits annually.
March 24, 2010 |
The stakes are huge when it comes to regulating the use of fossil fuels in California. We need serious, credible analyses in order to understand the economic effects of new laws and proposed legislation. Unfortunately, in California, one highly flawed estimate of costs to consumers and small businesses is distorting the debate. Cited again and again by opponents of California's global warming solution law, AB 32, the Varshney/Tootelian report estimates that this law will cost small business $50,000 a year and each household $3,857 a year once the new rules kick in. We each independently analyzed the economic projections made by Sanjay Varshney and Dennis Tootelian -- Cal State Sacramento business school dean and marketing professor, respectively -- and came to this conclusion: Their estimates are highly biased and based on poor logic and unsound economic analysis.
May 23, 2013 |
Repairing the iPhone 5 costs far more than fixing its predecessors because of Apple's tight control over the parts that make up its newest phone, according to a new report. In some cases, just repairing an iPhone 5 screen can cost $30 more than the entire phone that's been purchased for $200 with a two-year service contract. Normally, users can turn to third-party shops to fix their iPhones. But many phone shops are not willing to repair the latest iPhone because of the high costs of parts, Marketwatch reported . The repair firms that do work on the iPhone are charging as much as Apple, or even more, to fix the phone.
CALIFORNIA | LOCAL
March 19, 2014 |
SACRAMENTO - The longer California's leaders delay shoring up the cash-strapped teacher pension fund, the more money it will cost taxpayers in the long run, according to an analysis presented to lawmakers on Wednesday. If lawmakers and Gov. Jerry Brown eliminate the fund's $71-billion shortfall over the next 20 years, the extra contributions needed from the state, schools and teachers would total a little more than $180 billion in that time period. But if they put forward a 60-year plan, the total cost would be $622.8 billion.
February 20, 2009 |
You've heard the stories about professional athletes so competitive they can't bear to lose, even at pingpong. But let's just say they didn't become professional athletes. Do you really want to work with anyone who isn't mature enough to shrug off being No. 2 at table tennis? And why is it, Washington Post columnist Sally Jenkins wonders, that so many of the culprits in the Wall Street mess seem to be frustrated former athletes?
February 25, 2010 |
GRAND JUNCTION - This Western Colorado city of just over 53,000 delivers some of the best healthcare in the nation, at the lowest cost. And nearly everyone has health coverage. Getting results like this across the nation could solve much of the nation's healthcare problems, resulting in a healthier population, and saving $700 billion a year. Grand Junction's success gained notoriety when an article this summer in the New Yorker magazine focused on the opposite extreme: McAllen, Texas, where healthcare is ranked the worst in the country and the costs are nearly the highest.