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Daily on Energy: That coal bailout costs how much!?

“New GOP carbon tax bill: Indeed, next week, Curbelo is planning to introduce a carbon tax bill, showing the emerging split within some quarters of the party” reports washingtonexaminer.com. Six Republicans voted against the measure condemning a carbon tax, which some conservative groups took as a positive sign that momentum is shifting.Strong opposition: But many powerful conservative groups oppose a carbon tax. Source: washingtonexaminer.com Share This:

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Pharma giant Merck just lowered the prices of some of its medications

“We believe that further changes are still necessary to help reduce patient out-of-pocket costs,” Merck said in a statement” writes Lydia Ramsey for businessinsider.com. Amid scrutiny over big pharma drug pricing, Merck said on Thursday it would lower the price of some of its medications.We believe that further changes are still necessary to help reduce patient out-of-pocket costs.We are also lowering our price on ZEPATIER by 60 percent and several other medicines by 10 percent to reduce out-of-pocket costs for patients across the country. Going forward, we will continue to…

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Task Shifting Could Help Lower Costs in U.S. Health Care

“Research shows that there is a lot more room for task shifting in U.S. health care” reports hbr.org. However, based on our research in India, we believe there’s a lot more room for task shifting in U.S. health care.America’s health care industry and regulators should take a second look at the scope for task shifting.The task shifting logic also applies to health care. Source: hbr.org Share This:

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Crisis of the Week: TP ICAP Stock Price Takes a Hit

“TP ICAP said it is facing costs relating to Brexit, regulation and technological security” writes Ben Dipietro for wsj.com. TP ICAP, the world’s biggest interdealer broker, lost more than one-third of its market value on July 10 after the company revealed it faces higher costs and announced the departure of its chief executive.What failings led to the higher costs?. The stock price is up slightly since the announcement, closing on July 16 at 274 pence ($3.63) after ending July 10 at 269.3 pence ($3.57). Source: wsj.com Share This:

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UnitedHealth second quarter medical costs miss estimates, shares slide

“While the ratio was actually better than the 82.2 percent a year ago, the company typically beats Wall Street estimates” writes Midwest Communications Inc for 95kqds.com. UnitedHealth is the first health insurer to report earnings, and Wall Street investors took their cue from the slight costs miss to sell shares in Anthem Inc, Cigna Corp and Humana Inc.(Reuters) – UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday reported second-quarter medical costs slightly higher than Wall Street expectations, sending its shares down 4 percent and weighing on the rest…

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Stiglitz: Benefits of multiple layers of financial regulation so much higher than costs

“The U.S. needs multiple layers of regulation of the finance industry because the damage from malfunction is so much higher than the costs, a Nobel economics laureate said Monday” writes Jinman Li for marketwatch.com. A “whistleblower statute” could be a good way to balance the need of internal reporting against banks’ legal violations and the need to protect the employees from retaliation, Stiglitz said.Related: Whistleblower earns $30 million, but does money really make tipsters come forward?.  Source: marketwatch.com Share This:

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Embraer pushes E2 jet’s low maintenance, fuel costs amid Airbus rivalry

“Speaking separately ahead of the air show, Bombardier Commercial Aircraft President Fred Cromer said the Airbus deal allowed the former Cseries to reach its full potential” reports businessinsider.com. Embraer was dealt a blow last week when JetBlue opted for the A220-300, formerly known as the Cseries, over the Embraer model.It’s a clean-sheet design, it’s not a re-engine of an existing platform,” he said, adding its benefit lay in low operating costs and fuel savings.”The combination of knowledge gained from the first generation and the new technology is what makes us…

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I retired at 37 as a self-made millionaire, and seeing how little it costs to live now makes me think differently about money and happiness

“At that point, I had no kids, no debts, a light-weight life with hardly any possessions, so I didn’t need the money” writes Chrisreining Com for businessinsider.com. The author of “Stumbling on Happiness” says once you have enough money for basic needs like food and shelter “incremental increases have little effect on your happiness.”. I spent many years working, trading time for money, then using that money to satisfy superficial desires.What he’s saying is that the more money you have, the less happiness it buys. Source: businessinsider.com Share This:

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Why Canadian insurers are wary of covering medical marijuana

“As of May, AOK had approved 9,700 patients for medical marijuana, about two-thirds of its applications since Germany legalized medical marijuana last March” writes Midwest Communications Inc for 95kqds.com. Grocery chain Loblaw last year became the first major Canadian company to ask its insurers to cover medical marijuana.TORONTO (Reuters) – Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it.”It’s not medical marijuana for any purpose,” said Dave Jones, senior vice-president…

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Airlines feel the pinch of rising fuel prices, passengers will feel it next

“JBLU, -0.67% raised on Thursday its second-quarter fuel cost estimate to $2.28 to $2.30 a gallon, up from an estimate provided in April of $2.23, and above the first-quarter realized fuel price of $2.09 a gallon” writes Reporter Editor for marketwatch.com. American Airlines Group Inc.’s stock AAL, +1.03% climbed 1.1%, to bounce off a near two-year low at the close on Wednesday.For the second quarter, Delta said it paid an average $2.17 a gallon for fuel, above the estimate provided in April of $2.07 to $2.12, and well above the…

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