WASHINGTON (AP) -- Medicare officials say competitive bidding for power wheelchairs, diabetic supplies and other personal medical equipment is clamping down big-time on waste and fraud. The savings last year - some $200 million....
As America slides toward the fiscal cliff, both sides are debating ways to reduce the deficit in 2013 and also over the longer term. President Obama’s proposed budget for 2013 called for total deficit reduction of $4 trillion over six years – or more than $660 billion a year – based on a ratio of $2.50 in spending cuts for every $1 of tax increases.
Despite Congressional pressure and lobbying from the home care and medical device industries, the Obama administration isn’t backing off from plans to proceed with a program designed to save billions of dollars on everything from diabetes testing devices and wheelchairs for seniors.
Stockholm-based KnCMiner sold $8 million worth of their new $10,000-a-pop Bitcoin miners in 24 hours last Wednesday, according to KnC spokesman Alex Lawn. Bitcoins are mined by directing intense amounts of computing power at solving math problems. The faster and more efficiently you can solve math problems, the more Bitcoins you get.