Topic: Reuters Group plc

Stents: How new technology drives health costs

CHICAGO (Reuters) - Heart devices known as drug-eluting stents have added as much as $1.57 billion to U.S. health costs since their introduction in 2003, U.S. researchers said on Monday.The study offers an illustration of how new technology can drive health costs, ...

US drug spending slows; hits $307 bln in 2010: report

NEW YORK (Reuters) - U.S. spending growth on prescription drugs slowed to 2.3 percent in 2010 - the second lowest level in 55 years, according to a report by consulting firm IMS Health.Even with the slowing growth rate, spending on prescription medicines ...

Obama targets $4 trillion cut in deficit

WASHINGTON (Reuters) - President Barack Obama proposed cutting ballooning U.S. budget deficits by $4 trillion over 12 years on Wednesday and called for talks with Democratic and Republican lawmakers to address the worsening fiscal woes.Obama, who has been criticized by both Democrats ...

As boomers age, a soul-searching budget battle

WASHINGTON (Reuters) - In 1983, a civil servant named Robert Ball worked a political miracle: he convinced Republican Ronald Reagan to raise taxes and Democrat Tip O'Neill to accept trims to Social Security.That was the last time the United States made substantial ...

Affluent women worry about outliving money

NEW YORK (Reuters) - Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.The vast majority of affluent baby boomers, ...

Obama says will not refight battle over healthcare law

WASHINGTON (Reuters) - President Barack Obama said on Friday his healthcare overhaul is an important part of efforts to cut the budget deficit and insisted he will not "refight" the battle to pass the law.With emboldened Republicans vowing to repeal or replace ...

U.S. sues Boston Scientific over heart devices

WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday that it sued Boston Scientific Corp and Guidant, which it acquired in 2006, for selling defective heart devices implanted in Medicare patients.(Reporting by James Vicini and Jeremy Pelofsky; Editing by Steve Orlofsky)90229836&bid=informcom" ...

Geithner says healthcare repeal bad for U.S. economy

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Wednesday said repealing healthcare reforms would damage the economy, as the House of Representatives debated the law's repeal."Repealing the Affordable Care Act would be bad for business and bad for the economy," Geithner ...

Government liabilities rose $2 trillion in FY 2010: Treasury

WASHINGTON (Reuters) - The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose, a U.S. Treasury report showed on Tuesday.The Financial Report of the ...

Home monitoring devices may ease world health burden

CHICAGO (Reuters) - Many people believe devices that allow doctors to monitor patients' vital signs in their homes offer a potential way to save health costs and allow older people to stay out of nursing homes.The trick is proving it, according to ...