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By David Lawder WASHINGTON (Reuters) - President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. The likelihood that Congress will advance Obama's plan in its entirety is virtually nil, but the CBO's latest analysis will feed campaign messaging by Democrats and Republicans ahead of congressional elections in November. The analysis by the nonpartisan agency compares Obama's request with a new CBO "baseline" estimate released last week that assumes no changes to current tax and spending laws. But Obama's budget plan is loaded with policy changes, including an assumption that sweeping immigration reforms will be enacted, producing a net 10-year deficit reduction of $158 billion.
Thanks to a final April surge, California's Obamacare marketplace enrolled a total of 1.4 million people in private health insurance plans, state officials announced on Thursday, beating a federal forecast by just over 800,000 enrollees. California's Obamacare enrollments are among 7.5 million people nationally who have signed up, according to federal officials. Peter V. Lee, executive director of Covered California, the state's Obamacare health insurance marketplace, called that "a huge number" and said enrollees "are part of history." The country's first open enrollment period for coverage under President Barack Obama's healthcare reform law ended in most states on March 31. California and a handful of others kept their doors open longer, citing technical difficulties that kept some customers from accessing Obamacare websites.
By Rodrigo Campos NEW YORK (Reuters) - Stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric. The latest data showed the U.S. economy's health was improving. The combined reported and expected earnings-per-share growth estimate for S&P 500 components rose to 1.7 percent from Wednesday's 0.6 percent, Thomson Reuters data showed, indicating most companies that reported results in the past 24 hours exceeded expectations. The technology sector capped the S&P 500's gain, with Google shares down 3.2 percent at $545.81 and IBM off 3.2 percent at $190.28 after both reported earnings late Wednesday that failed to impress Wall Street.
Roughly 12 million adults who visit U.S. doctors' offices and other outpatient settings, or one in 20, are misdiagnosed every year, a new study has found, and half of those errors could lead to serious harm. The study by a team of Texas-based researchers attempted to estimate how often diagnostic errors occur in outpatient settings such as doctors' offices and clinics, as exact figures don't exist. Efforts to improve patient safety have largely focused on inpatient hospital care, including programs introduced by President Barack Obama's Affordable Care Act, even though most diagnoses are made in outpatient clinics, the study said. "It's important to outline the fact that this is a problem," said Dr. Hardeep Singh, the study's lead author and a patient safety researcher at Baylor College of Medicine in Houston and at the Michael E. DeBakey VA Medical Center, also in Houston.
NEW YORK (AP) — In the midst of the diabetes epidemic, a glimmer of good news: Heart attacks, strokes and other complications from the disease are plummeting.
The Ebola virus that has killed scores of people in Guinea this year is a new strain — evidence that the disease did not spread there from outbreaks in some other African nations, scientists report.
Hundreds of Neanderthals' genes were turned off while the identical genes in today's humans are turned on, the international team announced in a paper published online in Science. They also found that hundreds of other genes were turned o...
By David Lawder WASHINGTON (Reuters) - President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, th...
Thanks to a final April surge, California's Obamacare marketplace enrolled a total of 1.4 million people in private health insurance plans, state officials announced on Thursday, beating a federal forecast by just over 800,000 enrollees. Cali...
NEW YORK (AP) — The government's latest report card on food poisoning is out, and it has some good news: a drop in illnesses from salmonella.