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Unnecessary health care (overutilization, overuse, or overtreatment) is health care provided with a higher volume or cost than is appropriate. [1] In the United States, where health care costs are the highest as a percentage of GDP, overuse was the predominant factor in its expense, accounting for about a third of its health care spending ($750 billion out of $2.6 trillion) in 2012.
Merriam-Webster's Dictionary named the word austerity as its "Word of the year" for 2010 because of the number of web searches this word generated that year. According to the president and publisher of the dictionary, " austerity had more than 250,000 searches on the dictionary's free online [website] tool" and the spike in searches "came with ...
The following lines present the main definitions and interpretations of the concept. First, austerity urbanism is based upon two main notions: austerity and urbanism . Generally speaking, austerity is “a situation in which people’s living standards are reduced because of economic difficulties”. [ 3 ]
Pork barrel, or simply pork, is a metaphor for the appropriation of government spending for localized projects secured solely or primarily to direct expenditures to a representative's district. The usage originated in American English , and it indicates a negotiated way of political particularism .
Economy of force is one of the nine Principles of War, based upon Carl von Clausewitz's approach to warfare. It is the principle of employing all available combat power in the most effective way possible, in an attempt to allocate a minimum of essential combat power to any secondary efforts.
Mandatory spending plays a large role in larger fiscal trends. During economic downturns, government revenues fall and expenditures rise as more people become eligible for mandatory programs such as Unemployment Insurance and Income Security programs. This causes deficits to increase or surpluses to shrink.
Much of what accounts for the high expenditures is the fact that a large percentage of money going into healthcare is put towards wasteful or unnecessary expenses. Examples of these non-economical expenditures include excessive administrative costs, fraud, and abuse within the healthcare system (both among providers and patients), and ...
As for any other normal good, an income rise will lead to a rise in demand, but the increase for a necessity good is less than proportional to the rise in income, so the proportion of expenditure on these goods falls as income rises. [2] If income elasticity of demand is lower than unity, it is a necessity good. [3]