The rich live longer than the poor – Increasing inequality means wealthy Americans can now expect to live up to 15 years longer than their poor counterparts, reports in the British medical journal the Lancet have found. Why is this? Researchers said these disparities appear to be worsened by the American health system itself, which relies on for-profit insurance companies, and is the most expensive in the world.
Republicans like Obamacare – “There are a lot of provisions that are part of the law now that I want to preserve. So if you look at a cross-section of the conference, they have similar positions about similar provisions — preexisting conditions, guarantee issue, and medical underwriting are core components of that … The core provisions here are really important protections.”
A $90 billion pension fund likes index funds – Newly elected North Carolina treasurer is looking to fire Wall Street and move the states pension fund into passive, index funds. If North Carolina had owned a vanilla stock-and-bond index portfolio instead of shifting into alternative assets, it would have earned an additional $20 billion over the past seven years.