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Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
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As of 2016, the US spent $3.3 trillion (equivalent to $4.11 trillion in 2023; [104] 17.9% of GDP), or $10,438 (equivalent to $13,252 in 2023 [31]) per person; major categories included 32% on hospital care, 20% on physician and clinical services, and 10% on prescription drugs. [123]
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