News That Matters

Tag: Health care industry

China should set aside political issues on vaccine imports, CEO says
Politics

China should set aside political issues on vaccine imports, CEO says

China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world's latest vaccine manufacturer."They need to open themselves up to healthcare and vaccines from the West and set aside any political issues or things that are holding them back," Adar Poonawalla, CEO of the Serum Institute of India, told CNBC's Joumanna Bercetche at the World Economic Forum in Davos.China has experienced a massive spike in Covid-19 cases and fatalities after abruptly ending its zero-Covid policy, which imposed strict lockdowns, mass testing and quarantine on arrival into the country.China's full Covid vaccination rate is nearly 87%, according to World Health Organization figures, which show 54% of the population...
Here’s how health insurance is helping to cool inflation
Health

Here’s how health insurance is helping to cool inflation

Natalia Gdovskaia | Moment | Getty ImagesIn an environment of high inflation, health insurance costs are doing the opposite: They've begun to deflate, and are poised to continue dropping each month until fall 2023, economists predict.Health insurance prices fell by 4% in October and 4.3% in November, according to the consumer price index, a key measure of inflation.By comparison, the average price for all U.S. goods and services rose 0.4% and 0.1% in October and November, respectively.The health data reflects factors like consumers' insurance premiums and benefits paid by insurers.Health insurance costs had been rising steadily, within a band of roughly 1.5% to 3% a month since October 2021, according to CPI data.Now, costs are poised to fall about 4% a month through September, said Jon...