For doctors who treat the nation's 47 million Medicare patients, the countdown to 2013 brings them ever closer to a staggering 29% pay cut slated for the New Year. Current federal law requires that Medicare reimbursement rates be adjusted annually to keep spending in line with GDP growth. But Medicare spending has typically outpaced economic growth, so the law requires rates to be cut every year to keep Medicare financially sound.
MONEY-gas-prices
Gasoline prices averaged the highest ever in 2012, despite never topping the single day spikes seen in 2008.
MONEY-record-box-office
U.S. moviegoers bought a record $10.8 billion in movie tickets this year, with the number of tickets sold rising for the first time in three years.
MONEY-Stocks-Markets
Stocks rallied Monday, ending a volatile year on a high note, as investors welcomed signs a fiscal cliff deal is taking shape in Washington.
MONEY-Zynga-Games
Struggling online game company Zynga shut down two more titles Sunday as part of an ongoing cost-cutting aimed at reversing the company's mounting losses.
MONEY-Stocks-Greece
Few would have bet on Greece being Europe's best performing stock market in 2012, but it managed to outstrip Germany's DAX, as international support silenced speculation about an imminent exit from the eurozone.
MONEY-Europe-Merkel
A year after Europe stood on the brink of economic disaster, financial markets are calmer and the chances of the euro disintegrating have diminished. But the region's most powerful political leader warns that the economic environment will be tougher in 2013.
FEATURES AND COMMENTARY
ENT-Kanye-Kardashian-Pregnancy
The Twitterverse exploded early Monday morning after everyone's favorite bad boy rapper Kanye West announced that his girlfriend -- the famous-for-being-famous Kim Kardashian -- was pregnant.
ENT-Jessica-Simpson-new-baby-bump
She only just showed off her weight loss and now Jessica Simpson is proudly sharing her weight gain. The singer posted a pic of her growing baby bump on her Twitter account Sunday.
ENT-Matthew-McConaughey-baby-boy
It's a boy! No, seriously, it's really a boy for Matthew McConaughey and his love Camila Alves. Despite earlier reports that the couple had welcomed a baby girl, McConaughey took to his Twitter account to announce that their third child was a son.
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