News ArticlesExcerpts of Key News Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.
Since 2008, oil production in the United States has surged ... 28 percent as the controversial practice of fracking unlocks new supplies in North Dakota and Texas. At the same time, use of oil and petroleum products has fallen 4 percent, as Americans switch to more efficient cars. In theory at least, both of those factors should have pushed the price of crude down. Instead, it's gone up. Since bottoming out during the financial crisis, oil futures traded on the New York Mercantile Exchange have nearly tripled in value, climbing from $33.87 per barrel in December 2008 to roughly $95 this month. Oil still costs substantially more now than it did in 2007, before the recession began. The high price illustrates a brutal truth of today's interconnected world - oil is a global commodity, bought and sold in a global marketplace. Even while demand falls in the United States, it's growing in countries such as China and India. Critics say the price paradox undercuts the oil industry's efforts to drill in more of America's public lands and coastal waters. "It really debunks the myth of 'Drill, baby, drill,' that if we just produce more oil, prices will stay low or go lower," said Michael Marx, director of the Sierra Club's Beyond Oil campaign. Will all that extra petroleum finally mean lower prices? "It's a difficult question to answer, because there's not a one-for-one (relationship) between an increase in production and a decrease in prices," said Doug MacIntyre, director of the Energy Information Administration's office of petroleum statistics. "There are so many other factors."
Note: Though the author refers to "so many other factors," he doesn't even mention greed and corruption which almost everyone knows are rampant. When will the media focus their attention on these fundamental challenges of our world?
John Brennan, the counter-terrorism adviser nominated by President Obama to be the next head of the CIA, has reportedly agreed to exempt agency strikes in Pakistan from a new set of rules that attempts to justify and codify the use of drones to assassinate leaders of al-Qaida and other terrorist groups around the world, including US citizens. The dispensation to allow so-called targeted killing to continue without restrictions in Pakistan removes from the new set of guidelines the most important and controversial target of drone strikes. In the past few weeks the frequency of US strikes in the tribal areas of northern Pakistan ... has been stepped up. The pass would allow the US to sustain heavy bombardments of the tribal regions via drones launched from bases in Afghanistan for another year or two, ahead of the withdrawal of most American forces from that country in 2014. The decision to give the US targeted-killing programme the appearance of legal propriety by codifying it, and now the temporary exemption granted from that codification to Pakistan, were both taken by Brennan. A counter-terrorism expert with 25 years experience in the CIA, his nomination to run the agency has raised eyebrows among civil liberties groups because of his senior role in the CIA under George W Bush at a time when torture was used on terror suspects and because of his fondness for drone strikes. The UK-based Bureau of Investigative Journalism estimates that there have been 362 drone strikes in the country since 2004 – 310 of them launched on Obama's watch. The strikes have killed up to 3,461 people.
Note: Imagine the uproar if another country killed innocent civilians in the US while using drones to kill terrorists in the country. Visit the Living Under Drones website here. For more analysis click here.
Sex has proved to be the downfall of presidential candidates, members of Congress, governors and other notables. It's also among the chief reasons that senior military officers are fired. At least 30 percent of military commanders fired over the past eight years lost their jobs because of sexually related offenses, including harassment, adultery, and improper relationships. The statistics from all four military services show that adulterous affairs are more than a four-star foible. From sexual assault and harassment to pornography, drugs and drinking, ethical lapses are an escalating problem for the military's leaders. With all those offenses taken together, more than 4 in every 10 commanders at the rank of lieutenant colonel or above who were fired fell as a result of behavioral stumbles since 2005. For top officers, the numbers are startling. Eighteen generals and admirals, from one star to four stars, were fired in recent years, and 10 of them lost their jobs because of sex-related offenses; two others were done in by alcohol-related problems. The figures show that 255 commanders were fired since 2005, and that 78 of them were felled by sex-related offenses. [The] executive director of the Service Women's Action Network said ... that there really is no sufficient deterrent in place.
Note: For deeply revealing reports from reliable major media sources on sexual abuse scandals, click here.
Chemical engineers at UC Berkeley have created a new, cleaner fuel out of an old concoction that was once used to make explosives. The fuel, which uses a century-old fermentation process to transform plant material into a propellant, could eventually replace gasoline and drastically cut down on greenhouse gas emissions, according to the team of Berkeley scientists. The discovery, published in the journal Nature, means corn, sugar cane, grasses and other fast-growing plants or trees, like eucalyptus, could be used to make the propellant, replacing oil. The research into creating a diesel substitute is part of a 10-year development program by the Energy Biosciences Institute, a collaboration among UC Berkeley, Lawrence Berkeley National Laboratory and the University of Illinois at Urbana-Champaign. The research, paid for using $50 million a year from the British oil company BP, has been going on for five years. [The researchers] extracted the acetone and butanol from the fermentation mixture [and] then created a catalyst that converted the brew into a mix of hydrocarbons similar to those in diesel fuel. The resulting substance burns as well as petroleum-based fuel and contains more energy per gallon than ethanol, according to the study. It can be produced using a variety of renewable starches and sugars that can be grown in crops. The expectation in California is that it will be used initially for niche markets, like the military, and eventually in trucks, trains and other vehicles that need more oomph than hybrid or battery power can provide.
Note: For deeply revealing reports from reliable major media sources on promising new energy developments, click here.
A defense contractor whose subsidiary was accused in a lawsuit of conspiring to torture detainees at the infamous Abu Ghraib prison in Iraq has paid $5.28 million to 71 former inmates held there and at other U.S.-run detention sites between 2003 and 2007. The settlement in the case involving Engility Holdings Inc. of Chantilly, Va., marks the first successful effort by lawyers for former prisoners at Abu Ghraib and other detention centers to collect money from a U.S. defense contractor in lawsuits alleging torture. Another contractor, CACI, is expected to go to trial over similar allegations this summer. The defendant in the lawsuit, L-3 Services Inc., now an Engility subsidiary, provided translators to the U.S. military in Iraq. The former detainees filed the lawsuit in federal court in Greenbelt, Md., in 2008. L-3 Services "permitted scores of its employees to participate in torturing and abusing prisoners over an extended period of time throughout Iraq," the lawsuit stated. The company "willfully failed to report L-3 employees' repeated assaults and other criminal conduct by its employees to the United States or Iraq authorities." A military investigation in 2004 identified 44 alleged incidents of detainee abuse at Abu Ghraib. No employee from L-3 Services was charged with a crime in investigations by the U.S. Justice Department.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
A Texas school district can transfer a student who is citing religious reasons for her refusal to wear an identification card that is part of an electronic tracking system, a federal judge ruled on [January 8]. The parents of 15-year-old Andrea Hernandez had requested a preliminary injunction that would have prevented the school district from transferring their daughter from her San Antonio high school while the lawsuit on whether she should be forced to wear the tracking badge went through federal court. Last fall, the Northside Independent School District began experimenting with ‘‘locator’’ chips in student ID badges on two campuses, allowing administrators to track the whereabouts of 4,200 students with GPS-like precision. Hernandez’s suit against Northside — the fourth-largest school district in Texas — argues that the ID rule violates her religious beliefs. Her family says the badge is a ‘‘mark of the beast’’ that goes against their religion. But U.S. District Judge Orlando Garcia ... denied a request to stop her from being transferred, saying the badge requirement ‘‘has an incidental effect, if any, on (Hernandez's) religious beliefs.’’ Garcia said that if Hernandez does not accept the school district’s accommodation of wearing a badge without the tracking chip, the district can transfer her to another campus. John Whitehead, president of The Rutherford Institute, a Virginia-based civil rights group that is representing Hernandez and her family in court, said his organization plans to appeal the judge’s ruling.
Note: For deeply revealing reports from reliable major media sources on ID tracking technologies, click here.
When [Steve and] Joanie Wynn stumbled upon Roadmonkey Adventure Philanthropy, a fledgling business started by a former New York Times war correspondent, she thought, here's a chance to do something different — document six women volunteering at a school for AIDS orphans in Tanzania while also enjoying a trip abroad and scaling Mount Kilimanjaro. The experience was "life-changing." [The] couple returned with a lot more than a sense of adventure and some great footage; they discovered a new purpose and passion. They launched Journey for Good, a website that lists voluntourism opportunities in hopes of inspiring others to participate. Their documentary, "A Journey for Good: Tanzania," which aired on public TV stations around the country, garnered four Emmy nominations and two Telly Awards. Now they're in talks with KQED-TV to turn "Journeys for Good" into a series. The Wynns and their 9-year-old son, Ryan, ... left for Cambodia on Dec. 26 with Globe Aware to document their second voluntourism trip together. Their focus is not only on the projects, but also on the people who volunteer — what motivated them, how it changed them. "Our goal is to show people that this is a great way to travel differently," she says. "You can still go and experience a different culture, a different country and have an even richer and deeper experience by working side-by-side with local people." Voluntourism has been one of the fastest growing forms of travel, according to VolunTourism, which follows the industry.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
The FISA Amendments Act of 2008 did much more than shield lawbreaking telecoms from all forms of legal accountability. It also legalized vast new, sweeping and almost certainly unconstitutional forms of warrantless government eavesdropping. [The] 2008 law gutted the 30-year-old FISA statute that had [barred] the government from eavesdropping on the communications of Americans without first obtaining a warrant from a court. Worst of all, the 2008 law legalized ... the NSA warrantless eavesdropping program secretly implemented by George Bush after the 9/11 attack. The 2008 FISA law provided that it would expire in four years unless renewed. Yesterday, the Senate debated its renewal. Several Senators - Democrats Jeff Merkley and Ron Wyden of Oregon along with Kentucky GOP Senator Rand Paul - each attempted to attach amendments to the law simply to provide some modest amounts of transparency and oversight to ensure that the government's warrantless eavesdropping powers were constrained and checked from abuse. The Democratic Chair of the Senate Intelligence Committee, Dianne Feinstein ... demanded renewal of the FISA law without any reforms. And then predictably, in virtually identical 37-54 votes, Feinstein and her conservative-Democratic comrades joined with virtually the entire GOP caucus ... to reject each one of the proposed amendments and thus give Obama exactly what he demanded: reform-free renewal of the law.
Note: For analysis of this Senate vote, click here. For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.
A group of journalists, activists and celebrities has formed the Freedom of the Press Foundation, a nonprofit that will crowdsource funding for journalism that exposes secrecy and corruption in government and corporations. The impetus for the group dates to 2010, when whistle-blowing outfit WikiLeaks released thousands of pages of cables sent to and from U.S. State Department officials. Soon after, at the urging of the federal government, companies such as Bank of America, PayPal and Visa blocked donations to WikiLeaks, strangling the organization's finances. Freedom of the Press Foundation co-founder Daniel Ellsberg - who released the infamous 1971 Pentagon Papers - said the foundation's goal is to give organizations like WikiLeaks financial independence. "We don't think that what the public needs to know should be determined by the executive branch of the government," Ellsberg says. "We hope that it will be impossible for the government to bring pressure to bear to close down important journalistic institutions. That's a threat to all of journalism." Not only will the organization function as a financial lifeline to WikiLeaks, it will bring publicity to other organizations investigating government activities. The group has started by providing tools to fund four groups: WikiLeaks, government transparency advocates MuckRock News, military investigators the National Security Archive, and general investigative journalism outfit the UpTake. Supporters can go to its website (www.pressfreedomfoundation.org) and donate - anonymously - to any of the organizations.
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
Izhar Gafni smiles and shakes his head in wonder when asked about the whirlwind of events that have taken place since news of his revolutionary cardboard bicycle first made international headlines a few weeks ago. As an amateur cycling enthusiast, Gafni was inspired to create a bicycle using common cardboard following a visit four years ago to a local cycling store, he says. "We were all chatting in the store, and somehow started discussing how someone had built a canoe out of cardboard," he recalls. "It was this canoe that was sitting in the back of my head when it suddenly struck me: Why not make a bicycle out of cardboard, too?" Even though friends and experts warned him that it could not be done, Gafni refused to give up, growing ever more determined to take on what appeared to be an impossible challenge. "There is really no knowledge of how to work with cardboard except for using it to make packages," he explains, describing how he started to explore the material, which is essentially made from wood pulp, folding it in a variety of ways like origami and adding a mixture of glue and varnish to get it to the strength he desired. "It is still a work in progress, and we are still looking at how to create a design that can be mass-produced," says Gafni, who ... hopes to sell the bicycle to markets in Africa in the near future. "There is no doubt that cheap bikes at $20 a pop could really transform the lives of people living in poor countries who need to walk ... to get to a clinic for medical treatment or find work," says Karin Kloosterman, founder and editor of the Middle East's premier environmental news website, Green Prophet.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
The system of so-called "shadow banking" ... grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector. A report by the Financial Stability Board (FSB) [states] that shadow banking is set to thrive, beyond the reach of a regulatory net tightening around traditional banks and banking activities. The FSB, a task force from the world's top 20 economies, also called for greater regulatory control of shadow banking. The study by the FSB said shadow banking around the world more than doubled to $62 trillion in the five years to 2007 before the crisis struck. But the size of the total system had grown to $67 trillion in 2011 — more than the total economic output of all the countries in the study. The multitrillion-dollar activities of hedge funds and private equity companies are often cited as examples of shadow banking. But the term also covers investment funds, money market funds and even cash-rich firms that lend government bonds to banks, which in turn use them as security when taking credit from the European Central Bank. The United States had the largest shadow banking system, said the FSB, with assets of $23 trillion in 2011, followed by the euro area — with $22 trillion — and the United Kingdom — at $9 trillion.
Note: That's $10,000 for every man, woman, and child on the planet. Do you think the bankers are somehow manipulating the system? For deeply revealing reports from reliable major media sources on financial corruption, click here.
October's record-setting jump in gasoline prices cost Californians $320 million, and yet state officials lack some of the basic information needed to ensure that refineries aren't playing games with the fuel market. That was the testimony [on November 15] at a hearing that explored the causes of the price spike, which saw the state's average price for a gallon of regular reach $4.67. The hearing could lead to legislation. With its own specialized gasoline blends made by just a handful of refineries, California has long been prone to price spikes. But four of the most severe on record happened in 2012. The October price spike began after an electrical outage suddenly shut down an ExxonMobil refinery in Los Angeles County. Fuel supplies in California had already been strained by the Aug. 6 fire at Chevron Corp.'s Richmond refinery, as well as the closure of a crude-oil pipeline in the Central Valley. Severin Borenstein, director of the University of California Energy Institute in Berkeley, noted that the state's reliance on just a few refining companies gives those businesses significant power over the market, even if they don't conspire to raise prices. No pipelines connect California to refineries in the Midwest or on the Gulf Coast, leading many analysts to label the state an "energy island." "Unfortunately, we've created a situation in the California market where because we're an island and because it's pretty concentrated, we actually do have companies that are in a pretty strong position to raise prices by putting less (gas) on the market. There is no law against them doing that," [Borenstein said].
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
Although a ballot initiative to label foods containing genetically modified organisms failed in California, the organizers behind the measure say their movement is better organized and larger than ever before. Supporters of California’s Proposition 37 are not giving up the fight after Tuesday’s rejection. In fact, they’re saying that the organizing around the initiative helped forge a diffuse group of individuals interested in healthy food into a powerful, organized movement. “The Organic Consumers Association is a million strong," said Ronnie Cummins, the founder and director of that group said. "We have 5 million people on our email list and we’re looking forward to continuing this battle.” While the initiative won urban coastal counties such as Los Angeles and San Francisco, it lost in the state’s central valleys. “We just didn't have the funds to compete on the air” in those regions, said Stacy Malkan, media director at California Right to Know. “Many of those voters were getting their news from TV and we couldn't compete with them.” Companies like Monsanto, DuPont, and Pepsi poured nearly $50 million dollars into opposing the measure—about seven times what its supporters were able to raise—and spent most of the money on television and radio ads. Throughout the campaign, the truthfulness of advertisements opposing the measure came into question. At one point, the No on 37 campaign ran an ad that identified Henry I. Miller, an opponent of the measure, as a professor at Stanford University. The campaign was forced to pull the ad after Stanford announced that Dr. Miller was not a professor there.
Note: Though polls have shown 90% of Americans want their food labeled if it contains GMOs, huge spending by big industry managed to defeat this California proposition by a narrow margin. Sometimes money does have a hugely disproportionate role in politics. For deeply revealing reports from reliable major media sources on elections corruption, click here.
It's something out of a nightmare - satanic rituals and human sacrifices, but this nightmare is real for Jenny Hill. It's a secret that's been burning inside her since she was a little girl. Jenny Hill explained, "Naked, tied to a cross, when you're young. I was six years old and I qualified." Jenny's story of satanic ritual abuse is documented in Judy Byington's new book Twenty Two Faces. Byington explained, "She had been sexually abused and ritually abused as a very young child so she had these multiple personalities that anytime she got into a stressful situation they would take over her mind and body." Jenny’s first alter personality was born at the age of 4. That's when Jenny says her father, a devout Mormon, began doing the unthinkable. It was just a couple of years later when the satanic ritual abuse began and that created more personalities to help her deal with the sexual abuse and torture. Byington explained, "She knows she's being abused but she can't feel the abuse because these alters are holding the pain." Jenny didn't remember the abuse; all she knew is that she would lose time until one day she woke up in a Utah psychiatric hospital confused. Dr. Weston Whatcott treated her. Whatcott says he witnessed several of Jenny's alter personalities. "Entirely different voice,” explained Whatcott. “I mean voice changes, accents, body language, totally changed." He also noticed those personalities come out in her writings. Much like her childhood diaries, her adult journals allowed the personalities to speak out and reveal what really happened to little Jenny.
Note: For deeply revealing reports from reliable major media sources on sexual abuse, click here.
A small British company has produced the first "petrol from air" using a revolutionary technology that promises to solve the energy crisis as well as to help curb global warming by removing carbon dioxide from the atmosphere. Air Fuel Synthesis in Stockton-on-Tees has produced five litres of petrol since August when it switched on a small refinery that manufactures gasoline from carbon dioxide and water vapour. The company hopes that within two years it will build a larger, commercial-scale plant capable of producing a ton of petrol a day. It also plans to produce green aviation fuel to make airline travel more carbon-neutral. "We've taken carbon dioxide from air and hydrogen from water and turned these elements into petrol," said Peter Harrison, the company's chief executive. "There's nobody else doing it in this country or indeed overseas as far as we know. It looks and smells like petrol but it's a much cleaner and clearer product than petrol derived from fossil oil," Mr Harrison told The Independent. Being able to capture carbon dioxide from the air, and effectively remove the principal industrial greenhouse gas resulting from the burning of fossil fuels such as oil and coal, has been the holy grail of the emerging green economy. Using the extracted carbon dioxide to make petrol that can be stored, transported and used as fuel for existing engines takes the idea one step further.
Note: For deeply revealing reports from reliable major media sources on new energy technologies, click here.
Journalist Chrystia Freeland has spent years reporting on the people who've reached the pinnacle of the business world. For her new book, Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else, she traveled the world, interviewing the multimillionaires — and billionaires — who make up the world's elite super-rich. Those at the very top, Freeland says, have told her that American workers are the most overpaid in the world, and that they need to be more productive if they want to have better lives. "It is a sense of, you know, 'I deserve this,' " she says. "I do think that there is both a very powerful sense of entitlement and a kind of bubble of wealth which makes it hard for the people at the very top to understand the travails of the middle class." How are the super-rich ... different from the super-rich of the past — say, 1955? Well, there are many more of them, and they're a lot richer than they used to be. "One of the things which is really astonishing is how much bigger the gap is than it was before," she says. "In the 1950s, America was relatively egalitarian, much more so than compared to now." CEOs earn exponentially more now, compared with their workers, than they did 60 years ago. Freeland says she's worried about what she calls an inevitable human temptation — that people who've benefited from a mobile society, like America, will get to the top and then rig the rules to benefit themselves." You don't do this in a kind of chortling, smoking your cigar, conspiratorial thinking way," she says. "You do it by persuading yourself that what is in your own personal self-interest is in the interests of everybody else.
Note: For a fascinating excerpt from this book, click here. For revealing major media articles showing the stark gap between the uber-rich and the rest of us, click here.
In the early 14th century, Venice was one of the richest cities in Europe. By 1500, Venice’s population was smaller than it had been in 1330. In the 17th and 18th centuries, as the rest of Europe grew, the city continued to shrink. The story of Venice’s rise and fall is told by the scholars Daron Acemoglu and James A. Robinson, in their book Why Nations Fail: The Origins of Power, Prosperity, and Poverty, as an illustration of their thesis that what separates successful states from failed ones is whether their governing institutions are inclusive or extractive. Extractive states are controlled by ruling elites whose objective is to extract as much wealth as they can from the rest of society. Inclusive states give everyone access to economic opportunity; often, greater inclusiveness creates more prosperity, which creates an incentive for ever greater inclusiveness. The history of the United States can be read as one such virtuous circle. But as the story of Venice shows, virtuous circles can be broken. Elites that have prospered from inclusive systems can be tempted to pull up the ladder they climbed to the top. Eventually, their societies become extractive and their economies languish. That ... is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.
Note: The author of this article, Chrystia Freeland, wrote the book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else, from which this essay is adapted. For deeply revealing reports from reliable major media sources on income inequality, click here.
Breaking from two decades of tradition, this year’s election exit poll is set to include surveys of voters in 31 states, not all 50 as it has for the past five presidential elections, according to multiple people involved in the planning. The decision by the National Election Pool — a joint venture of the major television networks and The Associated Press — is sure to cause some pain to election watchers across the country. Voters in the excluded states will still be interviewed as part of a national exit poll, but state-level estimates of the partisan, age or racial makeups of electorates won’t be available as they have been since 1992. The lack of data may hamper election night analyses in some states, and it will almost certainly limit post-election research for years to come. Here is a list of the states that will be excluded from coverage: Alaska, Arkansas, Delaware, District of Columbia, Georgia, Hawaii, Idaho, Kentucky, Louisiana, Nebraska, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia and Wyoming.
Note: How sad that the one poll considered to be the most reliable is being cancelled in 19 states. This opens the door wide to elections manipulation. For deeply revealing reports from reliable major media sources on the flawed electoral system in the US, click here.
The new stealth campaign against three Florida Supreme Court justices is being backed by those meddling right-wing billionaires from Wichita, Charles and David Koch. Last week they uncorked the first of a series of commercials from their political action committee, Americans for Prosperity. The targets are Justices R. Fred Lewis, Barbara Pariente and Peggy Quince. They were three of the five-vote majority that in 2010 knocked down a half-baked amendment slapped together by state lawmakers seeking to nullify the federal Affordable Health Care Act. The Florida Supreme Court upheld lower court decisions in finding that the proposed amendment contained “misleading and ambiguous language,” the hallmark of practically everything produced by this Legislature. On the November ballot, Lewis, Pariente and Quince are up for merit retention, meaning voters can choose to retain them or not. This simple system was put in place to keep the state’s high court above the sleaze of political races. The mission of the Kochs, hiding as always behind their super PAC, is to get the three justices dumped at the polls so that Gov. Rick Scott can appoint replacements. The last thing these guys want is fair judges who know the law; they want partisan judges who’ll obediently support their political agenda. It’s worse than just trying to buy an election. It’s trying to hijack Florida’s justice system at the highest levels.
Note: For deeply revealing reports from reliable major media sources on the control of elections by corporations and rich individuals, click here.
A growing number of patients are paying directly most, or all, of their medical bills these days. One problem they face: Finding out what health care services really cost before they make the decision to buy. Even though it accounts for one-sixth of the U.S. economy, health care is difficult to shop for in all but a small percentage of health care purchases. For the most part, no one ever sees a real price for health care services - not doctors, not patients, not employers, not employees. The reason patients never see the prices is because third-party payers (insurance companies, employers and government) negotiate with providers - leaving patients with a small co-pay under traditional insurance. And without real prices, there is no basis for third-party payers or anyone to negotiate the lowest possible prices. Recently, however, more and more employers are encouraging their employees to shop for health care the way they shop for groceries. To encourage that activity, employers are allowing their employees to manage more of their own health care dollars by means of a health savings account. The idea behind an HSA is a simple one: Instead of giving all of your health dollars to an insurance company or the government, you put some of those dollars into an account that you own and control. This reduces wasteful health care spending because individuals ... spending their own money often get the lowest prices, and they also can decide whether they really want to buy those services. A recent Rand Corp. study found that patients with HSA plans reduced medical spending by about 30 percent, without adversely affecting their health.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.