business news

Chinese people pray for health on Lunar New Year as Covid death toll rises

People take photos of fireworks on Chinese New Year’s Eve on Jan 21, 2023 in Chongqing, China. Vcc | Visual China Group | Getty Images China celebrated the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as officials reported nearly 13,000 …

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Biden extends public health emergency with XBB.1.5 omicron deployment

People wearing masks walk by the coronavirus disease (COVID-19) testing site in New York City, New York, the United States, December 12, 2022. Eduardo Munoz | Reuters The Biden administration has extended the Covid-19 public health emergency through April as a highly transmissible omicron subvariant stokes concerns that the United States could face another wave …

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Biden extends the Covid public health emergency with the spread of XBB.1.5 omicrons

People wearing masks walk by the coronavirus disease (COVID-19) testing site in New York City, New York, the United States, December 12, 2022. Eduardo Munoz | Reuters The Biden administration has extended the Covid-19 public health emergency through April as a highly transmissible omicron subvariant stokes concerns that the United States could face another wave …

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US and global health officials are concerned about China’s transparency on the spread of the virus

US and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the current wave of infection in the world’s most populous country. The US Centers for Disease Control and Prevention, in a statement on …

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Millions at risk of losing Medicaid in spring on less than $1.7 trillion in federal spending

Millions of people who enrolled in the Medicaid public health insurance program during the Covid pandemic could lose coverage in the spring if their state determines they no longer meet the program’s eligibility requirements. Medicaid enrollments soared 30% to more than 83 million people during the pandemic after Congress essentially barred states from kicking people …

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Big pharma is still the favourites, but there are good bets in biotech

Investors looking to hedge this year would have done well if they had sought a safe haven in large-cap pharmaceutical stocks, a trend likely to continue into 2023. The NYSE Arca Pharmaceutical Index gained 3.8% year-to-date to close on Tuesday, compared with a 19.8% decline in the S&P 500 index over the same period. However, …

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Long-term medical bills for Covid average $9,500 in first six months: Study

Joos Mind | Photodisc | Getty Images Long Covid translates into $9,500 in total median medical bills for workers and their employers in the six months following a diagnosis, according to a study by Nomi Health. Long Covid is a chronic disease that can lead to potentially debilitating symptoms, which can last for months or …

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Here’s how health insurance is helping to cool inflation

Natalia Gdovskaya | Moment | Getty Images Against a backdrop of high inflation, health insurance costs are doing the opposite: They’ve started to deflate and are poised to continue falling every month through the fall of 2023, economists predict. Health insurance prices fell 4% in October and 4.3% in November, according to the consumer price …

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