Don’t believe the hype — the US economy is not recovering, it’s getting sicker.
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*PRE-ORDER my new book "The Real Crash" here: tinyurl.com The Schiff Report March 18th 2012 Follow me on Twitter @SchiffRadio Friend me on Facebook.com/PeterSchiff
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www.StockMarketFunding.com Healthcare Cost in the United States Set to Surge in 2012. The cost of employer-sponsored health insurance surged this year, snapping a trend toward moderate growth, but experts say these increases may slow again in 2012. Annual premiums for family coverage climbed 9 percent and surpassed 000 for the first time, according to a report released Tuesday by the Kaiser Family Foundation and the Health Research and Educational Trust. Premiums for single coverage rose 8 percent compared to 2010. That compares to increases last year of 3 and 5 percent for family and single coverage, respectively. The study shows that premiums for both family and single coverage have more than doubled since 2001, while worker wages have risen 34 percent. Kaiser CEO Drew Altman said a number of factors may have played a role in this year's percentage jump. He noted that health care costs continue to rise, and insurer profits and the health care overhaul also have some impact. The overhaul, which Congress passed last year, aims to eventually cover millions of uninsured people. Kaiser said initial provisions of the law contributed between 1 and 2 percentage points to this year's premium hikes, which is about what many insurance analysts and benefits experts expected. Companies and workers split premiums for employer-sponsored coverage, the most common form of health insurance in the United States, and employers generally pick up 70 percent of the bill or more. Businesses ...
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Alex talks to Lloyd Chapman is president and founder of the American Small Business League. Born and raised in Texas, Lloyd began his career working for legendary Texas political leader Bob Bullock. He spent eight years in the Texas Controller's office, before moving to California in 1986 to enter the computer industry. Alex and Mr. Chapman talk about unions and the state of the economy.
Story by Rowen
U.S. President Barack Obama said on Monday that the United States has created progress in bolstering the financial recovery up to date, but there is far more progress that requirements to be completed.
Obama made the remarks on Monday afternoon when going to Fairfax, Virginia, in which he met with a local household and hosted a backyard discussion on the economy with neighbors and tiny business owners from the location.
The U.S. economic climate is increasing, but not growing as rapidly as we like, he said, adding that "the pace of improvement has not been where it wants to be."
Obama emphasized the significance of the array of targeted initiatives such as long term extension of research and growth tax credits for organizations and infrastructure investments in an work to stimulate the economy and accelerate employment that the administration place forth recently.
Obama spoke at a middle-class property, who noticed their retirement and college savings endure throughout the economic downturn like a lot of other households across the United States. The father worked in the technology sector who has survived many rounds of layoffs, while the mother made a decision to go back to work on a component-time basis to increase loved ones earnings.
The couple were "cautiously hopeful" the U.S. economic climate was on the path to recovery and that their cost savings would bounce back.
Even though the United States has added new jobs this 12 months, it was not adequate to make up for the eight million jobs induced by the recession and that was "an huge challenge," he extra.
U.S. private organizations additional 67,000 jobs last month, effectively below the quantity produced in July, reported by the U.S. Labor Department. Meanwhile, the U.S. unemployment rate climbed to 9.6 percent in August, reflecting company reluctance to employ against the backdrop of a sagging economy.
With his fellow Democrats facing pressure from recession-weary voters in the coming congressional elections, Obama endeavored to speed up the pace of creating jobs and decreasing the stubbornly substantial unemployment price hovering about ten percent.
Jobs, cited by many polls as Americans' most concerned concern, will in big portion decide the outcome of the midterm elections.
"We stopped the bleeding and stabilized the economy," he stated, including that he has in no way been a lot more confident of the U.S. economic system in the long term if acceptable measures have been to be taken.
In a related rosy projection, investor Warren Buffett said on Monday that the United States and the world would not fall into a double-dip recession and he saw a brilliant organization long term in attending a conference in Montana.
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