U.S. economy

See the following -

$375 Billion Wasted On Billing And Health Insurance-Related Paperwork Annually: Study

Press Release | Physicians for a National Health Program | January 12, 2015

Medical billing paperwork and insurance-related red tape cost the U.S. economy approximately $471 billion in 2012, 80 percent of which is waste due to the inefficiency of the nation’s complex, multi-payer way of financing care, a group of researchers say. The researchers – physicians and health policy researchers with ties to the University of California, San Francisco, the City University of New York School of Public Health, and Harvard Medical School – note that a simplified, single-payer system of financing health care similar to Canada’s or the U.S. Medicare program could result in savings of approximately $375 billion annually, or more than $1 trillion over three years.

Read More »

Google’s Schmidt: Impact Of NSA Surveillance Is ‘Severe And Getting Worse’

Greg Otto | FedScoop | October 8, 2014

Some of Silicon Valley’s top leaders issued a stark warning to the federal government Wednesday: If the National Security Agency continues its surveillance practices to the point where it forces foreign nations to localize data, it will destroy the economic impact the tech sector has on the American economy...

Read More »