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Tag: prices

Train ticket prices to rise by 3.1% in January

Train ticket prices to rise by 3.1% in January

Business
The price of train tickets will rise by an average of 3.1% in January, the rail industry has announced. The new fares will come into force on 2 January.Fares regulated by the government - around 40% - are set at July's RPI, which was 3.2%.These include season tickets on most commuter routes, some off-peak return tickets on long-distance journeys and flexible tickets for major cities.Other fares are set by train operators.The overall rise of 3.1% announced on Friday is just slightly less than the latest wage growth figure of 3.2% for the three months to September.Rail Delivery Group chief executive Paul Plummer said: "Nobody wants to pay more to travel, especially those who experienced significant disruption earlier this year."Money from fares is underpinning the improvement...
CMS launches tool that prices surgeries for patients

CMS launches tool that prices surgeries for patients

Health
Nov. 27 (UPI) -- The Centers for Medicare and Medicaid Services, or CMS, on Tuesday unveiled a new online tool that gives consumers the power to compare Medicare payouts for various hospital procedures. The Procedure Price Lookup tool allows users to see the national averages for what Medicare pays to hospitals or ambulatory surgical centers, along with the national average copayment amounts that beneficiaries without Medicare supplemental insurance would pay the provider. "We must do something about rising cost, and a key pillar is to empower patients with the information they need to drive cost and quality by making our healthcare system evolve to one that competes for patients," Seema Verma, administrator of CMS, wrote in a blog post. The launch of the lookup tool comes almost two year...
Could Trump's plan for lowering prescription drug prices work?

Could Trump's plan for lowering prescription drug prices work?

Health
This is a Kaiser Health News story. President Donald Trump’s new pledge to crack down on “the global freeloading” in prescription drugs had a sense of déjà vu. Five months ago, Trump unveiled a blueprint to address prohibitive drug prices, and his administration has been feverishly rolling out ideas ranging from posting drug prices on television ads to changing the rebates that flow between drugmakers and industry middlemen. Thursday, Trump proposed having Medicare base what it pays for some expensive drugs on the average prices in other industrialized countries, such as France and Germany, where prices are much lower. The proposal is in the early stages of rule-making and awaiting public comments. The U.S., Trump said, will “confront one of the most...
High energy prices threaten economic damage, but likely to continue: IEA

High energy prices threaten economic damage, but likely to continue: IEA

Business
Oct. 12 (UPI) -- Expensive energy, including the prices of oil, gas and coal at "multi-year" highs, pose a threat to economic growth worldwide, particularly to emerging market economies that are also seeing depreciations of their currencies, the International Energy Agency said Friday. The agency showed particular concern that with peaks in both crude oil production and crude oil demand, both at nearly 100 million barrels per day, the spare capacity of the world has been reduced "to only 2 percent of global demand." "This strain could be with us for some time and it will likely be accompanied by higher prices, however much we regret them and their potential negative impact on the global economy," the agency said in its report. "For many developing countries, higher international prices co...
Qatar, Russia defend OPEC, deny manipulation of oil prices

Qatar, Russia defend OPEC, deny manipulation of oil prices

Business
Oct. 3 (UPI) -- Qatar's energy minister defended the oil market strategy of his country and other OPEC nations Tuesday. "OPEC is not trying to manipulate the price. It's trying to bring the market to balance," said Mohammed Bin Saleh Al-Sada, Qatar's Minister of Energy and Industry. He added that low oil prices -- like the world had through much of 2015 and 2016 -- don't equal prosperity for the world's economy. "That depression of the oil price led to what? (Did it) lead to a better world economy?" he asked a panel moderated by CNBC's Geoff Cutmore at Russian Energy Week in Moscow. "In fact, there was the worst record for the global economy during that downturn in the oil price. Now, during the journey of the recovery in the oil price look what happened -- balance between supply and dema...