Health system cuts jobs to trim budget; Massachusetts moving toward global payments;

> The Institute of Medicine has issued a new report that calls for a more transparent, systematic process in collecting and analyzing prescription drugs from the time they're approved to when they go off the market. Report

> Children with juvenile idiopathic arthritis have higher rates of hospitalized bacterial infection than children without, according to a new study in the journal Arthritis & Rheumatism. Announcement

> Swedish-American Health System in Rockford, Ill., is cutting 49 employees and 76 vacant positions, reported the Rockford Register Star. In addition to the job cuts, the health system plans to outsource services to decrease the budget by $9.5 million. Article

> Massachusetts, the state expected to take the lead on health reform and cost control, will likely move to a global payment system in the next few months, reported The Washington Post. Article

And Finally... Old $50 bill lands a man in jail. Article

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