Group Purchasing Organizations are charged with saving hospitals money, but special carve-outs from Congress, a closed and secretive marketplace, and the ability to collect fees and pay rebates all serve to drive up costs for patients.
In the third quarter of 2017, GM posted third-quarter losses of almost $3 billion, compared to profits of $2.8 billion during the same period in 2016. The losses were largely the result of one-time charges covering the sale of its Opel/Vauxhall brands in Europe.
Relying largely on the sales of trucks and SUVs, including the iconic F-Series trucks, Ford saw a 63 percent boost in third quarter profits compared to a year ago. The $1.6 billion in earnings came almost exclusively from North American operations.
More Michigan and Israeli high-tech companies are integrating their operations to drive new mobility platforms. A greater influx, still to come, will support the auto industry in formerly unimagined ways.
Michigan’s economy has accelerated over the last two years due to favorable federal policies and smart reform from Lansing. But unless state leaders lower personal taxes, remove burdensome regulations, and eliminate corporate welfare programs, the good times won’t last.