Health care fraud is a major concern for the United States. National healthcare spending is already an astounding $2.7 trillion dollars but it will only continue to rise since health care fraud costs the country approximately $80 billion dollars a year, as reported by the Federal Bureau of Investigation (“FBI”). As the economy fluctuates, more health care professionals are willing to risk patient harm and their practices to achieve these health care schemes, and so the total loss in health care continues to increase. The Centers for Medicare and Medicaid Services estimate that by the year 2016, health care spending will exceed $4.14 trillion. The FBI is one of the main government agencies that investigates health care fraud against federal and private insurance programs.
In practice, the cost of the Welfare State has become much greater than expected and it is now the biggest single item of public spending. Taxation has had to cover much of the cost. Many politicians now question whether a system of universal benefits is affordable. If benefits are targeted towards those in greatest need, the amounts paid out could be raised but the overall cost held down. However, this means making more, if not all, benefits subject to a means test.
High interest rates. Foreclosure. Bankruptcy. The divide between the very rich and the very poor is getting wider. In 'Maxed Out', documentarian James Scurlock points the finger at predatory lenders for this phenomenon and breaks down exactly how many Americans are sucked into this vicious cycle of escalating, insurmountable debt.
This national debt has continued to increase an average $3.92 billion per day since September 28, 2007. Based off of the assigned video, plethora amounts of people dislike big governments because of taxes; this includes income tax, Medicare, tariffs and international trades. The government has two types of spending, Mandatory and Discretionary spending. Mandatory spending goes towards entitlement programs, social security and interest payments the government has to make. Discretionary spending is at the discretion of the Congress, where the money can be divided up into however they want.
Explain the economic and political effects of the First World War on Italy between 1915 and 1918 The war imposed serious strains on the Italian economy. The cost of keeping soldiers armed and fed led to a large budget deficit. So as a result they were forced to borrow heavily from abroad. Spiralling war debt ended up at 85 billion Iira, fivefold increase on 1914 figure. Due to this debt the government then resulted in printing money and this resulted in inflation.
Economic issues arose after the war, Italy had occurred massive debts throughout the war-time as they had spent 148 billlion Lire which meant they had spent twice as much during the war as they had spent during the previous fifty years. They also owed 85 billion Lire to their allies. This left the government struggling to find ways to make these repayments, which enabled them crippled and unable to build and sustain their own economy. During the war effort the government spent 148 billion Lire whereas between 1861 and 1913 the government only spent 74 billion Lire. This gave Italy a short time benefit as it meant there was more money available for industry such as the car industry, Fiat created and established more vehicles which prove to be a short-term benefit for the industry, increasing production which would in effect increase sales.
Debt appears everywhere in daily life. Most citizens have that experience; they spend more than they earn on their monthly paycheck and live in debt. Similar to such an instance, our economy experiences annual deficit spending. National debt is the total outstanding borrowings of a central government (WebFinance Inc), in other words, the accumulation of our annual deficits. In order to combat this deficit spending, taxes are increased to generate more revenue to pay off this spending.
But unfortunately, it also has brought a lot to the cost, especially inventory cost. The big ones always buy a lot of different products and the demand variation is high. Up to 80% of the products have the c.v. more than 0.5. Obviously, those big customers are really vital to the business. If the company ceases to manufacture some products required by those big customers in order to decrease the inventory and cut off the cost, the company may lose contract with those important customers.
Considered that the financial crisis has started from the USA, its effects were quickly and strongly felt beyond the country, too. The crisis is still a challenge for the Euro zone’s unity and its economic and financial stability. Since 2008 the unemployment there has been rising, many of the countries have a huge public and private debt. The economy in the Euro zone has been developing so bad that experts and economists doubt if the euro currency can survive. One of the Euro zone members which used to have one the most powerful economies on the continent is Italy.
Now what is that problem called? Consumerism. Modern society is based on different things. But one of those things, consumerism, has been growing majorly over the past couple of decades, mainly in America. Americans consume exponentially more than any other country in the world and are the leaders in waste production and It’s not only depression - that is harming the over consumers, it’s also creates lifestyles disease.