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After meeting on Monday with healthcare industry professionals, President Obama met on Tuesday with business leaders to explore innovative ways to contain healthcare costs. The attendees included the CEOs of Johnson & Johnson, Safeway Stores and Pitney Bowes, and the director of benefits for Microsoft, among others...
...Companies are scrambling to contain these costs, and the business leaders in attendance Tuesday were each recognized for innovation in this area, with an emphasis on employee wellness and prevention. Microsoft, for example, has doctors make house calls as a way to cut down on emergency room visits. Johnson & Johnson reportedly saved around $15 million on its healthcare outlays in 2007 thanks to aggressive health initiatives, including putting treadmills in offices. (See Barack Obama on Health Care...
...straining to pay for its healthcare programs. As President Obama said today: "The explosion in health care costs has put our federal budget on a disastrous path. This is largely due to what we're spending on Medicare and Medicaid." Not coincidentally, a new report was released on Tuesday forecasting a dire outlook for Medicare. The report forecast that, based on current trends, Medicare would run out of funds by 2017. Just one year ago, a similar report said Medicare's hospital insurance trust fund would not run short of funds until 2019. (Read "Making Health-Care Reform...
...positive trade balance isn't in the cards anytime soon. But if U.S. consumer spending remains anemic, a rebound overseas could shrink the trade deficit and thus boost the economy. There's just no concrete evidence of that happening yet - the March trade figures, released on Tuesday, showed exports declining faster than imports for the month. Over the somewhat longer term, the big question is whether the global economy can be rebalanced in a way so that the likes of China, Korea, Japan and Germany don't run such big trade surpluses and the U.S. doesn't run such...
First, however, NASA has to get through the current flight, and that became a dicier matter when reports came down Tuesday afternoon that sensors under the shuttle's skin and a camera at the end of its robotic arm discovered a scattering of dings across a 21-in. stretch in the leading edge of the right wing, affecting four or five tiles. NASA was quick to call for calm. Indeed, Atlantis was scheduled to rendezvous with Hubble at 7:41 a.m. ET on Wednesday, but it will be more than five hours later before the shuttle's robot arm actually...