Healthcare system wastes up to $800 billion a year WASHINGTON (Reuters) - The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday. Police: Madoff associate Jeffry Picower dies at 67 PALM BEACH, Fla. - Jeffry Picower, a Florida philanthropist alleged to have extracted billions from Bernard Madoff's investment scheme, drowned in his pool Sunday, police said. He was 67. Largest US sting on drug cartel arrests 300-plus OKLAHOMA CITY - In the largest single strike at Mexican drug operations in the U.S., authorities arrested more than 300 people in a sting that demonstrates an upstart cartel's vast reach north of the border.
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