$8 Billion for the Experiments Being Wasted

.

$8 Billion for the Experiments Being Wasted

It has been recently revealed in a recent experiment done by Medicare, there has been wastage of as much as $8billion. The federal investigators are of the view that the huge sum of money that has been allotted to the researchers for the purpose of making useful discoveries is being wasted and in turn mediocre studies are being done with the use of lighter products.

According to a report from the Government Accountability Office, it was revealed that the Obama government should call off the plans of the research that is responsible for paying bonuses to a number of companies providing health insurance, for the beneficiaries of Medicare. The government needs to make such effective amendments in it, which can be helpful in the time to come. There is need for a middle way to be found so that it can be seen whether the funds by the government are being put to good use or is being wasted like it is right now. There is need for a thorough research to be done to find out who is responsible for this sort of wastage so that it can be found who the culprit really is.

It was revealed by the independent Medicare Payment Advisory Commission that “this increases spending at a time when Medicare already faces serious problems with cost control and long-term financing. Limited Medicare dollars should go to truly high-performing plans”.

The need of the hour is the maximum utilization of the funds and that too without wastage for the betterment of the people in the time to come. It remains to be seen what happens in the time to come, and how it can benefit the authorities and people.


Latest News

Third-Quarter Sales Better -Than- Expected for LinkedIn, Thanks to New Businesse
“Overweight” Rating for Facebook from JPMorgan Chase & Co
Fall in Oil prices Leave the Small-cap Shale Companies in Trouble
Beginning of 2015, Starbucks will Start its Delivery Service in Selected Markets
Herb Strather, Detroit blight Buyer Makes a Wednesday Deadline
Baidu with its Growing Mobile Presence, Hit 27 Percent Profit Increase
Third Quarter Profits for Samsung Electronics Drop Sharply
Federal Reserve Ends Bond Buying Programme, Keeps Interest Rates Low
Reduced Growth in Major Overseas Economies Affect U.S. Durable Goods Order
Lowe’s to Introduce Robots in Store for Customer Service
Facebook Shares Fall as the Company Portrays Increased in Expenses in 2015
USPS Audit Questions the Consistency of Surveillance Conducted on Mail