About Abbott and Abbott Fund Abbott is certainly a global, broad-based health care company specialized in the discovery, development, making and advertising of pharmaceuticals and medical items, including nutritionals, devices and diagnostics. The company employs more than 72,000 markets and folks its products in a lot more than 130 countries. Abbott’s news releases and other info can be found on the company’s Web site at The Abbott Fund is a philanthropic base established by Abbott in 1951.It just shouldn’t count on the savings coming in the near future’ . The Kansas City Celebrity reports that the town may be able to provide Washington with a model for how to fix a crucial element for healthcare reform: decreasing exploding healthcare costs: ‘Kansas City ranks in the bottom third for per-capita Medicare spending among major hospital regions. Even though Medicare costs are developing, at 2.9 % a full year, that is slower compared to the national rate significantly.’ It notes: ‘Kansas City does seem to be playing it sensible about how it uses its healthcare resources.