News tagged with spending

AMA supports overhaul of Medicare doctors' pay

The American Medical Association says it strongly supports legislation that would change the way Medicare pays doctors, to emphasize quality care and not just sheer volume of services.

Feb 10, 2014
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Report: States can transform health care system

The nation's governors and other state leaders can transform the current health care system into one that is more coordinated, patient-centered, of higher quality and less costly, according to a new report. The report by ...

Jan 08, 2014
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U.S. health spending rising modestly, report finds

(HealthDay)—Even as consumers dig deeper to pay for health expenses, overall health-care spending in the United States continues to expand at a relatively low rate of growth, a new government analysis shows.

Jan 07, 2014
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Health spending is more efficient for men than for women

Health care spending is a large – and ever increasing - portion of government budgets. Improving its efficiency has therefore become critically important. In the first-ever study to estimate health spending efficiency by ...

Dec 12, 2013
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Consumption (economics)

Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally consumption is defined by opposition to production. But the precise definition can vary because different schools of economists define production quite differently. According to some economists, only the final purchase of goods and services constitutes consumption, and every other commercial activity is some form of production. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. "the selection, adoption, use, disposal and recycling of goods and services").

Likewise, consumption can be measured by a variety of different metrics such as energy in energy economics . The total consumer spending in an economy is generally calculated using the consumption function, a metric devised by John Maynard Keynes, which simply takes the aggregate disposable income and multiplies it by a "marginal propensity to consume". This metric essentially defines consumption as the part of disposable income that does not go into savings. But disposable income in turn can be defined in a number of ways - e.g. to include borrowed funds or expenditures from savings.

This text uses material from Wikipedia licensed under CC BY-SA