The Lujiazui Forum, June 11-12 in Shanghai featured a gathering of senior level Chinese officials and prominent academics to talk about the economy and how the financial sector can contribute to overall economic growth. The annual gathering is named for the Lujiazui neighborhood in the Pudong district of Shanghai. Shanghai is positioning itself for rapid emergence as an international financial hub.
With a story as big as Brexit, with both market and historic implications, it is easy to become overwhelmed by oceans of mediocre or partisan commentary. Wading through scores of articles this past week, I have discovered some wonderfully illuminating discussions about a known unknown that no one can predict. Below please find my selection of original and provocative articles that go beyond Thursday’s vote, offering deeper analysis of the EU writ large, and perspective from other countries and regions.
Like hospitals that optimize revenues through complex assignment of charges, discounts and subsidies, aligned pharmacy benefit managers (PBMs) and pharmaceutical companies manipulate retail and net pricing on “branded” drugs to enhance organizational profitability.
This month the G7 finance meetings were held in Sendai, a city that experienced natural devastation in 2011. At the leaders' summit that followed, President Obama paid a historic visit to Hiroshima, whose destruction was entirely man made. Both cities have personal significance for me, going back to my exchange student days.
On June 23rd, Britons will hold a referendum on whether to stay or leave the European Union (EU), and surveys point to close vote. If Britain does exit the EU, or “Brexit,” the fallout could be serious and widespread. In February, G-20 finance ministers warned that Britain’s leaving the EU “could threaten global economic recovery.”
The Health Care Cost Institute (HCCI) released its annual report of healthcare prices last month. To no-one’s surprise, HCCI found huge variation in commercial prices for 240 common medical services across 41 states. Here’s an excerpt from HCCI’s press release:
In New Hampshire and Wisconsin, over 20 percent of health care services are twice the national average price. While in Arizona, Florida, Maryland and Tennessee, over 90 percent of health care services are priced lower than the national average.
The sun has finally appeared, and the TV trucks are rolling out of this ancient hot springs town on the outskirts of Sendai, Japan. This was the location over the weekend of the G7 meeting of finance ministers and central bankers which, although civil, has ended with a lack of consensus.