NEW YORK (CNN) -- CNN Money's Stacey Delikat has your top business and financial news on this Friday, July 26.
CBO: Cancel spending cuts now, boost economy in short run
The economy could get a modest boost if Congress cancels the across-the-board budget cuts known as the sequester, according to new estimates from the Congressional Budget Office. Canceling the cuts by Aug. 1 -- a move no one expects lawmakers to make -- would increase federal spending by an estimated $14 billion through the end of September, and by another $90 billion in fiscal year 2014, which starts Oct. 1. Those increased outlays, in turn, could push up inflation-adjusted economic growth by 0.7% and increase employment by 900,000 jobs in the third quarter of 2014.
Who loses out under Obamacare
When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured. These folks -- mainly low-income adults in the 21 states that aren't expanding Medicaid -- will not be eligible for either the long-standing government health insurance program for the poor, or for premium subsidies in the new exchanges. Some 4.9 million people will not be covered in 2016 if these states don't expand, according to the Urban Institute. Another 1.5 million uninsured are in six states that are considering expansion, but have yet to approve it.
As doctors sell practices, patients see higher bills
Patients see higher medical bills after their physician's office is acquired by a hospital, experts say, and the acquisition trend looks like its here to stay. When private practice physicians become overwhelmed with negotiating with insurance companies and keeping up with paperwork, they can either close their practice or sell. If they close, patients lose a trusted resource. If doctors sell, patients can see prices rise as much as 20 percent, CNBC reports.
YouTube video claims to show rumored, low-cost plastic iPhone
Apple has been rumored to be working on a plastic, low-cost iPhone for quite some time now, so it was only a matter of time before a video claiming to show the device hit YouTube. The 6.5-minute video called "New Low-Cost Plastic Apple iPhone: Sneak Peek" gives users an extended look at and explanation of what is allegedly the back cover for the rumored iPhone. The phone's shell shown in the video is just about the same size as the iPhone 5 but slightly thicker and wider. The video shows a white version of the plastic iPhone, but says it will probably be available in a variety of color options.