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U.S. markets recover from steep losses
WASHINGTON, Jan. 9 (UPI) -- The U.S. government says 16 percent of the nation's economic output is consumed by rising health care costs.
The Washington Post reports the nation's health care bill increased by almost 8 percent in 2004.
The overall cost of health care doubled from 1993 to 2004, said the report from the Centers for Medicare and Medicaid Services. In 2004, the nation spent almost $140 billion more for health care than the year before.
In 1997, health care accounted for 13.6 percent of the gross domestic product.
The health care increase of 7.9 percent in 2004 was almost three times the overall national inflation rate, which was 2.7 percent, the newspaper said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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