Mid-day Update

PODCAST: Shopping for surgery, going German for work

David Brancaccio May 8, 2013
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Mid-day Update

PODCAST: Shopping for surgery, going German for work

David Brancaccio May 8, 2013
HTML EMBED:
COPY

You wouldn’t dream of buying a new laptop without comparing prices — why should health care be any different? The government is releasing new data about what hospitals charge in various places for medical procedures, and the prices vary widely.

The Obama administration is proposing a limit to the amount of tax-free savings that can be put in an IRA or 401(k) retirement account. Supporters say the proposal will save billions of dollars in revenue that goes to wealthy individuals who don’t need a tax incentive to save for retirement. Critics argue the cap, which is set at $3.4 million, will curb retirement savings. Allan Sloan, senior editor at large at Fortune magazine, is one such critic.

More than a million foreigners flocked to Germany for work last year, the biggest influx since 1995. Most of the migrants were from Eastern Europe, but many came from recession-hit countries elsewhere in the euro zone.

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