Economic Report

Operating Loss per Physician Grows to 17.5% of Net Revenue

Operating Loss per Physician Grows

Physicians in the United States are continuing to see negative operating income because of their increased operating costs. This has resulted in a net revenue loss of 17.5% per physician in 2017, compared to 10% in 2016. This information was reported in the American Medical Group Association’s (AMGA’s) 2017 Medical Group Operations and Finance Survey. (more…)

U.S. Economic Inequality Threatens American Dream, Report States

U.S. economic inequality

A damning report claims that U.S. economic inequality is so vast that it undermines American democracy, with the freshly passed Republican tax bill likely to exacerbate the problem. The report was written by Philip Alston, the special rapporteur to the United Nations Human Rights Council. Alston wrote that, “The American Dream is rapidly becoming the (more…)

Amtrak Budget Cuts: Trump’s Infrastructure Improvement Tweet Contradicts His 2018 Rail Budget Plan

Amtrak budget cuts

Following the Amtrak derailment in Washington state where several cars jumped the track, leaving three people dead and over 100 injured, many are looking into the causes that contributed to the tragedy. One issue, in particular, has taken center stage since the accident: The Amtrak Budget 2018. The National Railroad Passenger Corporation, better known as (more…)

U.S. Budget Deficit in November 2017 Amounted to $138.5 Billion: Spending on Disaster Relief, National Debt Up

U.S. Budget Deficit

The U.S. budget deficit amounted to $138.5 billion in November 2017, according to U.S. federal budget deficit 2017 data. The Treasury Department has reported that it reflects higher spending to deal with disaster relief and interest payments on the national debt. This may eventually affect U.S. Social Security funds and in turn lead to a (more…)

Republican Tax Bill Boost Will Be Temporary, Economists and Fed Say

Republican Tax Bill Boost

Survey Shows that Most Economists Are Critical of the Republicans’ Tax Bill The Republican tax bill would boost the economy only temporarily, economists and U.S. Federal Reserve analysts agree. Both private-sector economists and Fed analysts have agreed that the Republican tax bill would lead to a growth spurt, but that jump would potentially disappear fast. (more…)

U.S. Treasury Department’s One-Page Analysis of Republican Tax Reform Doesn’t Sway Critics

Republican tax reform plan

The U.S. Treasury Department’s tax plan analysis was long promised to be an in-depth and transparent look at the Republican tax reform plan being pushed through Congress, but many economists and politicians are highly critical of the one-page, 470-word document that the department released, calling it more a political statement rather than any sort of (more…)