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US health insurance costs, fueled by a system that lacks transparency and accountability, are rising fast. Health savings accounts may be one way to slow the increase. These pretax savings accounts give consumers a stake in reducing their medical expenses and let them save for future ones.
Health insurers and medical-care providers should prepare for a rise in the popularity of health savings accounts by adopting new strategies that can stand up to competition and scrutiny.
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US investment banks are cutting costs by shrinking employment, but they can trim other types of spending without causing serious damage to their culture or morale.
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