Justice Department to block health insurance giant Anthem Inc.’s acquisition of rival Cigna Corp., saying he believes it will lead to higher premiums and less access to care," according to an article in the Los Angeles Times. The commissioner also made the point that Anthem (now the nation’s second-largest insurer), and Cigna (No. 4), "if combined, the resulting company would control more than half the insurance market in 28 California counties." What's the response from the Government? “I remain very concerned about the rapid rate of consolidation among health-care providers,” Edith Ramirez, chair of the Federal Trade Commission, said in a speech in May, the Washington Post reports.
According to Source 4: Favor Abolishing The Penny? By the New York Times, The data shows 59 percent are for keeping the penny while an underwhelming 23 percent are for abolishing it. Conversely, the reason for the difference is unclear but, if more people were aware of the repercussions pennies are causing they arguably most likely would switch sides in the argument. According to Abolish the Penny by William Safire, “There is no escaping economic history: it takes nearly a dime today to buy what a penny bought back in 1950. Despite this, the U.S. Mint keeps churning out a billion pennies a month.” The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding.
In the text Gillis refers to futurist Thomas Frey who predicts that by the year 2030 robots would be responsible for approximately half of the jobs on Earth (Gillis, 2012 pg #480). Many customers will claim to feel the frustrations and growing pains associated with technology taking over jobs citing examples like self-checkout lines and automated phone systems. Businesses may use these services in order to help cut costs but this will oftentimes come at the expense of the consumer. I believe he could have spent more time focusing on how technology that while newer technologies in our workplace may initially be rough around the edges, they have continually improved and may already in some cases be better at their job then a human
Both Nature and Hedge Funds Abhor a Vacuum The passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act in July, 2010 was largely a knee-jerk reaction to the financial crisis. This sweeping piece of legislation has had, like most legislation, numerous unintended consequences. For example, many believe that Dodd-Frank is responsible for the precipitous decline of the small community bank, the life blood of small business across the country. However, it is difficult to lie this at the door-step of Dodd-Frank. In 1995, there were about 13,000 banks with assets under $100 million.
The US prison population makes up 25% of the world’s prison population while the rest of America only makes up 5% of the world population. The cost of keeping these 2 million people in the US behind bars is an astonishing $80 billion. With such a gargantuan price, politicians, economists, and concerned taxpayers are struggling to find ways to reduce costs. Two ways have been identified as the most promising: privatize the prison industry or put inmates to work. There have already been successful implementations of both around the country, yet inmate labor is likely to be stifled and greatly discouraged due to its association with slave labor.
This statistic is the bases for many people’s failure to believe in the American dream. Studies showed that in 2013, there was the widest wealth grope between the middle class and the upper class (1% of Americans). Factors such as our economy having large budget deficits and high levels of debt also contribute to no longer believing in this dream. The American dream has been becoming harder to reach a full-time job no longer provides us with the possibility to be financially stable. Narkus Jantti did a study where only about 8% American men start from the bottom fifth and rise to the top, and approximating 42% in the bottom fifth remain in the bottom when they become
The Gender Pay Gap Issue Is Fixable -- But May Require Bolder Actions To Overcome. Retrieved from Forbes.com: http://www.forbes.com/sites/lisaquast/2015/11/22/the-gender-pay-gap-issue-is-fixable-but-may-require-bolder-actions-to-overcome/2/ It is reported by the Economic Policy Institute that although women had made tremendous records entering into workforce and gain great successes in education, but their wage is 83% comparing to men. The world forum also released a report in 2015 that women now make as much as men earned a decade ago. Globally, Gender pay gap is worse than the U.S., which is 52% of men. Due to the slow progress in pay equity, it is predicted that it will take another 118 years to close global pay equity gap.
But, there are ways to see that this could have aggravated if it were not for Obamacare. According to CNBC, more than half a million people with pre-existing conditions were denied coverage by the four most prominent health insurance companies from 2007 to 2009. As stated by the ASPE U.S. Department of Health & Human Services, about 1 in 2 Americans have pre-existing conditions, and many of them could have been denied health insurance if it were not for Obamacare. Thus, from a long-term aspect, Obamacare will make a huge impact not only by protecting, but also by drastically reducing the costs of health insurance for tens of millions of Americans with pre-existing
American citizens face a dearth of well-paying jobs and secure employment in the scientific and technology sector in the twenty-first century. Many American workers accuse H1-B visa as the most significant factor behind the lack of current employment opportunities. However, as is usual with most financial situations, the furor began with the national economy. The growth of a globally-connected economy propelled American businesses to move many domestic operations to foreign countries with lower labor costs (CITE). Unfortunately, the spread of offshoring jobs from low-skill manufacturing to high-wage technology and scientific jobs has reduced the human capital level of the United States (CITE) A combination of political, economic and technological
In only a couple of decades, technology has imbedded itself into people’s lives, to the point it would be difficult to live without using technology. In Neil Postman’s speech “Informing Ourselves to Death,” he explains how not all technology is being used for what its original purpose was, and how people are starting to drown in the useless information technology gives. Postman also makes the claim, “And therefore, in a sense, we are more naïve than those in the Middle Ages, and more frightened, for we can be made to believe almost anything” (5). Though Postman gave this speech about thirty years ago, this accurately describes modern society. Technology was meant to help people learn and improve their lives, but it has instead increased the naivety of the world.