In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
As President Donald Trump and Republican leaders on Capitol Hill push their plan to improve health care, the CEO of Permanente Medical Group said on Tuesday he would prioritize two changes to the broken system: updating the old technology used by the medical industry and overhauling the way doctors and hospitals get paid.
"We're working towards a cliff. If we don't change direction, we're simply going to step off the edge," Dr. Robert Pearl told CNBC's "Squawk Box." "Not only does it threaten the medical health of this nation, it's going to threaten the economic health of this nation." He said the cost of health care is rising "more rapidly than we can pay as a nation."
Pearl would model changes in health care based on the managed-care system of Kaiser Permanente. The Permanente Medical Group is composed of more than 9,000 doctors and 34,000 staffers, serving Kaiser's some 4 million members in the states of California, Virginia and Maryland, as well as the District of Columbia.
"Every one of our physicians are full-time here. Every one of our physicians are paid on a basis of value — high quality, high service," Pearl said, arguing the current fee-for-service model used by most insurance providers "is simply broken."
Another major challenge facing the health-care industry, according to Pearl, is the use of "information technology from the last century." He advocates a modernization of the way patients and doctors interact, saying it should be commonplace for them to communicate through email and live video calls in addition to in-person appointments.