Tag Archives: spending

Transforming America by Redirecting Wasted Health Care Dollars

Eliminating excessive spending could mean windfall for U.S., study suggests

The respected national Institute of Medicine estimates that $750 billion is lost each year to wasteful or excessive health care spending. This sum includes excess administrative costs, inflated prices, unnecessary services and fraud — dollars that add no value to health and well-being.

If those wasteful costs could be corralled without sacrificing health care quality, how might that money be better spent? (more…)

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United States Ranks 20th in Holiday Spending

*Americans typically spend $70 billion more in December than in November and January*

Americans typically spend $70 billion more in December than in the average of November and January (the months around December). In a recent National Science Foundation-sponsored interview, Joel Waldfogel, the Carlson School’s Frederick R. Kappel Professor of Applied Economics at the University of Minnesota uses that increase to measure the amount of holiday gift-giving. This level of spending is lower than in other countries. “We’re about the 20th largest in terms of countries in the world,” said Waldfogel, referencing how much U.S. December spending increases. (more…)

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Cyber Monday Hangover: U.S. Online Spending Growth Softens After Strong Early Week Performance

*Holiday E-Commerce Spending Growth Slows to 9 Percent for Most Recent Week*

RESTON, VA, December 5, 2010 – comScore, a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 33 days of the November – December 2010 holiday season. For the holiday season-to-date, $16.8 billion has been spent online, marking a 12-percent increase versus the corresponding days last year. The most recent week saw four individual days eclipse $800 million in spending, led by Cyber Monday, which became the heaviest online spending day on record at $1.028 billion. Tuesday, November 30 reached $911 million, making it the third heaviest online spending day on record, while Wednesday ($868 million) and Thursday ($850 million) also reached high levels, although growth rates for the season subsided in the latter half of the week. (more…)

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