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CNN Financial News Producer
As the health care debate rages among lawmakers, in town hall meetings across the country and on every broadcast and cable network, CNNMoney.com has drilled down into a report that found more than half of the $2.2 trillion the United States spends on health care each year is a waste of money.
According to the most recent data from accounting firm PricewaterhouseCoopers' Health Research Institute, there are 16 different areas in which health care dollars are squandered.
But in talking to doctors, nurses, hospital groups and patient advocacy groups, six areas totaling nearly $500 billion stood out as issues to be dealt with in the health care reform debate, including unnecessary tests, inefficient claims processing and medical errors.
GM teams with eBay
More than 225 General Motors dealers in California will begin selling cars and trucks through the eBay online auction site as part of a four-week trial.
Under the program, which begins Tuesday, consumers will be able to bargain with dealers for Chevrolet, Buick, GMC and Pontiac cars and trucks from model years 2008, 2009 and 2010. The program ends Sept. 8.
The new car shopping website, gm.ebay.com, will feature a selection of up to 20,000 new GM vehicles at what the companies promise are "competitive prices."
Shoppers will be able to buy cars outright at the advertised price using the site's "Buy It Now" option, or they can suggest a price under the "Best Offer" option, which may then be negotiated with the dealer.
Stocks off to cautious start
Stocks on Wall Street opened lower as investors expressed caution following a rally that has pushed the Dow and the S&P 500 to 9-month highs.
No major economic reports are on tap today, giving investors time to digest the recent rally that’s been fueled by a spate of positive earnings surprises and economic news that showed stabilization.
Later in the week, Investors will be looking ahead to a two-day Fed meeting and earnings reports from big retailers like Wal-Mart and Macy's.
Gas climbs nearly 19 cents in 20 days
Gas prices continue to climb, with the national average up nearly 19 cents over the last 20 days.
According to AAA, the national average price for a gallon of regular gasoline edged up 0.2 cents overnight to $2.645. Prices have increased every day since July 21, when the national average stood at $2.458 a gallon. During that time, the national average has risen 18.7 cents, or 7.6%.
he highest gas prices are in Hawaii ($3.179). The cheapest are in South Carolina ($2.424).
The spike comes as the price of crude oil has been pushed higher by signs of economic stabilization and the rally on Wall Street.
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