News 

Why Do Employers Provide Health Care in the First Place?

“Unlike countries that have either government-provided health care or government-sponsored insurance, the U.S. system involves the interplay of employers, insurance companies, health care providers, consumers, and government” reports hbr.org. Because the care these doctors provided was basic, families did not face unexpectedly high health care costs and did not need the financial protection offered by health insurance; the average annual per capita spending on health care was about $5 in 1900, the equivalent of $150 today.Her work focuses on the economic history of health care and health insurance.But without any…

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Here’s how the SEC should decide if companies should report earnings only every 6 months

“The Securities and Exchange Commission has set a March 21 deadline for public comments on possible changes to its current financial reporting requirements for U.S. publicly traded companies” writes Richard B for marketwatch.com. Moreover, assessing the merits or flaws of such modifications surely is susceptible to benefit-cost analysis.To help answer this question, the SEC should embrace benefit-cost analysis in a serious way that sets a standard for other U.S. financial regulatory agencies.Many people in the current administration and in Congress claim that they favor benefit-cost analysis and evidence-based decision-making.For example,…

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3 ways people may save for retirement in the future

“And while about 140 million people participate in retirement plans, the proportion of the employed workforce covered by these plans has never gone above 70 percent” writes John Scott for marketwatch.com. Employers will be crucial stakeholders in the U.S. retirement system for the foreseeable future.Today, only about half of private sector businesses offer retirement benefits.So, if we can’t count on more employers to voluntarily offer retirement benefits or on employees to save on their own, what can we do to help American workers build a financially secure retirement?. The vast…

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Drugs maker Hikma back in black despite fierce competition

“Hikma has swung back into profit after putting the hefty costs associated with an acquisition two years ago behind it” writes Tim Wallace for telegraph.co.uk. The Jordanian generic drug maker made a $293m (£223m) pre-tax profit in 2018, compared to a $738m loss a year earlier, when it  booked a massive impairment charge and paid restructuring costs for its acquisition of Roxane Laboratories, now renamed West-Ward Columbus. Source: telegraph.co.uk

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What Immigration Restrictionists Can’t Foresee

“Periodically, a journalist or policy maker informs us that Americans are panicked about immigration, and suggests that the United States should engineer the demographics of its population through immigration policy” writes Elizabeth F for theatlantic.com. But in the past, when the government has tried to control demographics with immigration policy, it hasn’t gotten what it wished for.So Congress passed the first version of “comprehensive immigration reform,” the 1924 Johnson-Reed Act.Consider the country’s response to the wave of immigration in the early 20th century, to which Frum compares our current wave,…

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It costs retirees $100,000 a year to live in these 4 cities

“Because housing is the No. 1 expense for the over-65 set, the first thing you can do to slash costs dramatically is cut housing costs” writes Catey Hill for marketwatch.com. What it costs to retire in America That said, many of us want to live near our families who may live in expensive cities.Here’s a list of cities by how much you’ll likely spend in retirement in each. Source: marketwatch.com

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Crypto News 

Widow of QuadrigaCX Founder Seeks Compensation for Creditor Protection Court Costs

“The widow of the founder of now-defunct cryptocurrency exchange QuadrigaCX has asked the court for $225,000 in compensation for legal costs, Bloomberg reports on March 4” writes Helen Partz for cointelegraph.com. Jennifer Robertson, the wife of late QuadrigaCX founder Gerry Cotten, is seeking repayment for financing used to help the crypto exchange acquire court-approved protection from creditors.After $145 million in crypto assets went missing following Cotten’s death, Robertson provided interim financing for legal proceedings. Source: cointelegraph.com

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Daimler open to sharing battery cell design with rivals

“GENEVA (Reuters) – Daimler is open to collaborating with a rival on the design of electric car battery cells as carmakers struggle to bring down the costs of launching electric cars, research and development chief Ola Kaellenius said on Tuesday” writes Midwest Communications Inc for 95kqds.com. Daimler, the parent company of Mercedes-Benz, has already earmarked 20 billion euros ($22.65 billion) for buying battery cells from suppliers and is exploring a development partnership with rival BMW in the area of autonomous vehicles as a way to lower its costs of research…

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U.S. seeks to cut dialysis costs with more home care versus clinics

“Fresenius Medical Care said it plans to convert some dialysis clinics into “transitional care units” to train people for care at home” writes Midwest Communications Inc for 95kqds.com. The changes pose a particular risk to DaVita Inc and Fresenius Medical Care AG, which operate more than 5,000 U.S. dialysis clinics and control around 70 percent of the market.Meanwhile, U.S. pharmacy chain CVS is preparing to enter the dialysis business and has more retail outlets than Fresenius Medical Care and DaVita clinics combined, as well as deep enough pockets to drive…

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