Competition Cuts Down Medicare Fraud

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....

A federal jury in Los Angeles found an Anaheim physician and two others guilty this week for their roles in a $1.5-million Medicare fraud scheme involving power wheelchairs.

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.

Scoot!

"Made in the USA": The Continuous Flow Heart Pump

(Reuters) - Coal miner Alpha Natural Resources Inc is cutting 1,200 jobs, roughly 9 percent of its workforce, as increased use of natural gas for power generation dents demand. The company, which is shifting its focus to the more lucrative steel-making coal, is temporarily closing eight mines in Virginia, West Virginia and Pennsylvania. The mine closures and production curtailments will reduce annual coal output by about 16 million tons, the company said. It produced 1.1 billion tons in the United States in 2011. ...

By USAStockValuation:Varian Medical Systems Inc. (VAR) is a global leader in the supply of equipment and software for treating cancer with radiotherapy, radiosurgery, and brachytherapy. The company also sells x-ray equipment and x-ray imaging products along with proton therapy products and a range of other medical equipment and services mainly for the cancer treatment industry.