Price capping

If there’s an idea that might reduce health care costs, there’s a good chance Colorado’s trying it out. The state’s Office of Saving People Money on Health Care laid out a plan in 2020 that included passing a partial public option; extending the reinsurance program; launching a statewide purchasing alliance; importing prescription drugs; launching a drug affordability board; and increasing transparency in hospital and prescription drug prices. Other than the importation plan, which has to be approved by the U.S. Food and Drug Administration, all of those agenda items have at least started to be put into practice. Most are in the early stages, however, making it difficult to assess if they’ll succeed in bringing costs down. Colorado is ultimately pursuing two paths to lowering health care costs, said Bob Smith, executive director of the Colorado Business Group on Health. The Colorado option insurance plan is an example of setting rates, while the purchasing alliance is an … [Read more...] about Colorado’s trying a public option, drug importation and more. What’s actually lowering health care costs?

Typically, silver tends to outperform gold in times of a weakening Dollar and falling US bond yields. Carsten Menke, Head, Next Generation Research at Julius Baer Gold prices have reached new multi-month highs recently, but we struggle to see who is in the driving seat of these moves. Investors are still on the sidelines of the gold market, and in fact have even become sellers. Meanwhile, Asian demand does not show signs of strength, and Dollar and US bond yields seem to be playing less of a role of late after lifting the markets during the past few weeks. All in all, we reiterate our view that prices are on a somewhat soft footing and that we would not chase this rally. The gold market is becoming more and more puzzling. While prices have reached new multi-month highs recently, trading at around $1,930 per ounce, we struggle to see who is in the driving seat of these moves. Investors are still staying on the sidelines of the market as indicated by stagnant holdings … [Read more...] about Gold prices hit new highs recently — who’s in the driving seat?

Gold, Gold prices Gold was trading higher in India on January 22 morning, mirroring gains in the international market as a softer dollar and prospects of slower interest rate hikes by the US Federal Reserve boosted bullion's appeal. At 10.01 am, gold was trading 0.11 percent higher on the Multi Commodity Exchange (MCX) at Rs 56,722 for 10 grams, while silver was up 0.59 percent at Rs 68,953 a kilogram. Spot gold was up 0.3 percent at $1,932.12 a troy ounce at 0255 GMT. US gold futures, too, were up 0.3 percent at $1,934.70. Track Live Gold Prices Here Ravindra V Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities Read More Comex gold prices rose for the fifth week in a row to a fresh nine-month high of $1,939 in the week gone by, as a softer dollar, poor corporate earnings and layoffs raised concerns of a recession. The yellow metal has been witnessing a one-sided rally since early November, after touching a 28-month low of $1,618, on … [Read more...] about Gold Prices Today: Recession fears, weak dollar to support precious metal as investors eye US GDP data

Petrol and diesel prices held steady across metro cities on January 24, the latest price notification issued by fuel retailers showed. Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre. Petrol and diesel are priced at Rs 102.63 per litre and Rs 94.24 in Chennai and at Rs 106.03 a litre and Rs 92.76 in Kolkata, respectively. In another news, crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings. Brent crude had risen 5 cents to $88.24 per barrel by 0116 GMT, while the US West Texas Intermediate (WTI) crude rose 13 cents to $81.75 per barrel. Read More Petrol & Diesel Rates Yesterday Friday, 27th January, 2023 Petrol Rate in Mumbai Yesterday Current Petrol Price Per Litre ₹ 106 … [Read more...] about Fuel prices on January 24: Check petrol, diesel rates in Delhi, Mumbai and other cities

The expected surge in demand comes as the market braces for further sanctions on Russian oil Petrol and diesel prices held steady across metro cities on January 23, the latest price notification issued by fuel retailers showed. Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre. Petrol and diesel are priced at Rs 102.63/litre and Rs 94.24/litre in Chennai and at Rs 106.03/litre and Rs 92.76/litre in Kolkata, respectively. Oil prices drifted lower in early trade on January 23, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the prospect of an economic recovery in top oil importer China this year. Brent crude futures retreated by 46 cents, or 0.5 percent, to $87.17 at 0031 GMT, while US West Texas Intermediate (WTI) crude futures fell 40 cents, also down 0.5 percent, to $81.24 a barrel. Read More … [Read more...] about Fuel prices on January 23: Check petrol, diesel rates in Delhi, Mumbai and other cities

Petrol and diesel prices held steady across metro cities on January 25, the latest price notification issued by fuel retailers showed. Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 each litre. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 per litre and Rs 94.24 in Chennai and at Rs 106.03 a litre and Rs 92.76 in Kolkata, respectively. Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in US oil inventories. Brent futures for March delivery fell $2.06, or 2.3 percent, to $86.13 a barrel. U.S. crude fell $1.49, or 1.8 percent, to $80.13 per barrel. Read More Petrol & Diesel Rates Yesterday Friday, 27th January, 2023 Petrol Rate in Mumbai Yesterday Current Petrol Price Per Litre ₹ 106 View more Friday, 27th January, 2023 Diesel Rate in Mumbai … [Read more...] about Fuel prices on January 25: Check petrol, diesel rates in Delhi, Mumbai and other cities

Under the OMSS policy, the government allows FCI to sell food grains, especially wheat and rice, at pre-determined prices in the open market from time to time to bulk consumers and private traders. The central government on January 24 approved a proposal to sell 30 lakh tonnes of wheat in the open market to control prices of wheat and wheat flour. "Offloading of 30 LMT wheat in the market through OMSS (D) scheme within a span of two months through multiple channels will have wider reach as well as immediate impact on the soaring wheat and atta (wheat flour) prices and will help contain the rising prices and will bring much relief to the common man," the Ministry of Consumer Affairs, Food & Public Distribution said in a statement. Earlier today, the Group of Ministers headed by Home Minister Amit Shah held a meeting to discuss the buffer stock position of the country. Last week, food secretary Sanjeev Chopra said that prices of wheat and atta had increased in the … [Read more...] about Govt approves proposal to sell 30 lakh tonnes of wheat in open market to control prices

Share to Twitter Share to Linkedin Bitcoin BTC and cryptocurrencies have rocketed into the new year with the combined crypto market climbing back over the $1 trillion mark ( a rally that some think could be just getting started ). Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price has settled at around $23,000 per bitcoin after a $200 billion crypto market earthquake . Now, the U.S. Federal Reserve has delivered a shattering blow to the crypto industry's hopes of mainstream acceptance by rejecting crypto bank Custodia's application to become a member of the Fed’s system—warning it suffers from "significant safety and soundness risks." It's in a brutal bear market that you need up-to-date information the most! Sign up now for the free CryptoCodex — A daily newsletter for traders, investors and the crypto-curious that … [Read more...] about Fed Delivers Devastating ‘Surprise’ Bitcoin And Crypto Blow After Huge Price Surge

A relaxation in COVID-19 restrictions and the anticipation of higher demand ahead of the Chinese New Year are driving a rise in gold prices in China. Gold prices reached their highest level earlier this week on 17th January after six months as spot gold jumped  to $1,816.69 per ounce by 1:52 p.m. ET (1852 GMT), rising to $1,832.99. "Gold is following the decisions by China to further ease COVID restrictions," on the anticipation of higher demand from the region and in spite of rising yields," Bob Haberkorn, senior market strategist at brokerage firm RJO Futures told news agency Reuters in an interview. A report by the World Gold Council on China’s gold market predicts that China’s economic recovery and gold consumption are likely to benefit  from the relaxation of the strict zero-COVID policy. The report also mentions that local gold consumption is also likely to receive traditional festive boosts from the Chinese New Year’s (CNY) holiday in late January. Bloomberg’s … [Read more...] about China’s gold demand slated to support high prices ahead of Chinese New Year

Oil Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth. Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT after falling 2.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6%, to $80.59 per barrel, having dropped 1.8% on Tuesday. The economic worries were exacerbated by a bigger-than-expected build in U.S. oil inventories that was reported after the market settled on Tuesday. U.S. crude stocks rose by about 3.4 million barrels in the week ended Jan. 20, according to market sources citing American Petroleum Institute figures on Tuesday. That was triple the build of about 1 million forecast in a preliminary Reuters poll on Monday. "But the build is expected to be temporary as the supply disruptions from a cold … [Read more...] about Oil rebounds as China demand recovery optimism supports prices