scholarly journals Food Prices and Rising Energy Costs

1981 ◽  
Vol 10 (1) ◽  
pp. 17-21
Author(s):  
R. McFall Lamm
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
The United States ◽  
Food Prices ◽  
Energy Costs ◽  
Energy Prices ◽  
Policy Makers ◽  
Relative Prices ◽  
Congressional Hearings ◽  
Crude Oil Prices

Higher relative prices for energy and food are often referenced as important continuing problems in the United States. For example, the Council on Wage and Price Stability attributed 5.2 percent of the 18 percent increase in the Consumer Price Index (CPI) in early 1980 to higher crude oil prices and described energy prices as “uncontrollable.” Similarly, the substantial upward movements in food prices during 1978 and 1979 were identified by policy-makers as a major source of inflation and stimulated Congressional hearings and an Administration investigation of the causes of rising food prices.

P3814An analysis of Medicare reimbursement rates in cardiology from 2000 to 2018

2019 ◽  
Vol 40 (Supplement_1) ◽  
Author(s):  
S Bhatt ◽  
J Haglin ◽  
A S Tseng ◽  
K Mishark
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
The United States ◽  
Medicare Reimbursement ◽  
Reimbursement Rate ◽  
Policy Makers ◽  
Total Percentage ◽  
Cardiology Department ◽  
Fee Schedule

Abstract Background There is a paucity of data regarding financial trends for procedural reimbursement in the field of cardiology. A comprehensive understanding of such trends is important as continued progress is made to advance agreeable reimbursement models in cardiology while maintaining quality of care. Purpose To evaluate monetary trends in Medicare reimbursement rates for 10 commonly utilized cardiology procedures from 2000 to 2018. Methods Reimbursement data was extracted using The Physician Fee Schedule Look-Up Tool from the Centers for Medicare & Medicaid Services of the 10 included Current Procedural Terminology (CPT) codes in cardiology. The utilized CPT codes included each of the top two most frequently billed codes in the echocardiology, catheterization, pacemaker, electrophysiology, and device integrations divisions of our local cardiology department during the 2017 calendar year. All monetary data for each code was adjusted for inflation to 2018 US dollars (USD) utilizing changes to the United States consumer price index (CPI). If the code was redefined throughout the study period, the correct replacement code was utilized for each year as defined by the procedure. The R-squared and both the average annual and the total percentage change in reimbursement were calculated based on these adjusted trends for all included procedures. Results After adjusting for inflation, the average reimbursement for all procedures decreased by 38.2% from 2000 to 2018. The greatest mean decrease was observed in transthoracic echocardiogram (−64.4%). The only procedure with an increased adjusted reimbursement rate throughout the study period was biopsy of heart lining (+60.4%). From 2000 to 2018, the adjusted reimbursement rate for all included procedures decreased by an average of 2.8% each year, with an average R-squared value of 0.81, indicating a stable decline throughout the study period. Conclusion This is the first study to evaluate trends in procedural Medicare reimbursement for cardiology. When adjusted for inflation, Medicare reimbursement for included procedures has steadily decreased from 2000 to 2018. Increased awareness and consideration of these trends will be important for policy-makers, hospitals, and surgeons in order to assure continued access to meaningful cardiology care both at the local and global level.

Abstract TMP75: Average Medicare Reimbursement for Stroke Care Has Decreased From 2000-2019

Stroke ◽  
2020 ◽  
Vol 51 (Suppl_1) ◽  
Author(s):  
Andrew R Pines ◽  
Jack Haglin ◽  
Bart Demaerschalk
Keyword(s):  
United States ◽  
Price Index ◽  
Hemorrhagic Stroke ◽  
Consumer Price Index ◽  
Stroke Care ◽  
The United States ◽  
Medicare Reimbursement ◽  
Reimbursement Rate ◽  
Icd Codes ◽  
The Difference

Introduction: There is a lack of data regarding financial trends for procedural reimbursement in stroke care. An understanding of such trends is important as progress is made to advance agreeable reimbursement models in the care of stroke patients. The purpose of this study was to evaluate monetary trends in Medicare reimbursement rates for commonly utilized procedures in stroke care from 2000 to 2019. Methods: Reimbursement data for Current Procedural Terminology (CPT) codes was extracted from the Centers for Medicare & Medicaid Services. CPT codes were determined by frequency of procedures for Stroke-related ICD codes at our institution. All monetary data was adjusted for inflation to 2019 US dollars utilizing changes to the United States consumer price index. Results: After adjusting for inflation, the average reimbursement for all four included procedures within hemorrhagic stroke (ICD I60-I62) decreased by 18.4% from 2000 to 2019. The average reimbursement for two procedures within ischemic stroke (ICD I63), craniotomy and thrombectomy, increased by 3.5% (2003 -2019) and increased 3.0% (2016-2019), respectively. Data was not available for craniotomy prior to 2003, and not available for thrombectomy prior to 2016. Further, the adjusted reimbursement rate for included telestroke codes decreased by 12.1% from 2010-2019. All other included procedures decreased by 3.5% throughout this time. The difference in reimbursement rate between telestroke and other stroke-related procedures was statistically significant (p < .0001). Conclusion: To our knowledge, this is the first study to evaluate trends in Medicare reimbursement for stroke care. When adjusted for inflation, Medicare reimbursement for included procedures has steadily decreased from 2000 to 2019. Increased awareness of these trends is important to assure continued access to quality stroke care in the United States.

scholarly journals The Price to Consumers of Generic Pharmaceuticals: Beyond the Headlines

2020 ◽  
pp. 107755872092110
Author(s):  
Richard G. Frank ◽  
Andrew Hicks ◽  
Ernst R. Berndt
Keyword(s):  
Prescription Drugs ◽  
Price Index ◽  
Generic Drugs ◽  
Consumer Price Index ◽  
The United States ◽  
Out Of Pocket Payments ◽  
Price Indexes ◽  
The Media ◽  
Generic Pharmaceuticals ◽  
Total Price

Generic drug prices have received a great deal of attention in the past few years. Many agencies have conducted investigations into the pricing patterns for generic drugs. Price spikes for several specific generic drugs have also been widely reported in the media. Today, 90% of all retail prescriptions sold in the United States are generic drugs. Thus, these prices affect affordability of prescription drugs. We construct two Laspeyres chained price indexes for generic prescription drugs. The first reflects direct out-of-pocket payments by consumers to pharmacies for dispensing generic prescription drugs. The second measures the total price received by the pharmacy (the direct out-of-pocket payment plus the price paid to the pharmacy by the insurer). The chained direct out-of-pocket consumer price index we construct shows a roughly 50% decline for generic prescription drugs between 2007 and 2016. The total consumer price index for generic prescription drugs fell by nearly 80%.

Retail and Consumer Prices, 1955-1963

1964 ◽  
Vol 30 ◽  
pp. 44-51 ◽  
Author(s):  
W. A. H. Godley ◽  
D. A. Rowe
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
National Income ◽  
Food Prices ◽  
The Other ◽  
Short Term ◽  
Unit Costs ◽  
Correct Analysis ◽  
Consumer Prices ◽  
Retail Prices

This paper gives an account of a method of forecasting the Ministry of Labour's retail prices index, and of deriving from it a forecast of the consumer price index. (This is the index used in the National Income statistics to deflate the value of consumers' expenditure to volume terms.) Good forecasting obviously has to be based on a correct analysis of the factors which determine price changes; the article throws light on the way in which cost changes are taken into account when prices are changed. It seems that retail prices (apart from seasonal food prices) do not respond directly to short-term fluctuations in demand and output. Businessmen do not raise prices because demand suddenly rises; nor on the other hand do they lower them when output moves up sharply and unit costs fall. The analysis, therefore, provides further support for the ‘normal cost’ theory of pricing—that businessmen set prices by calculating their costs when working at some normal capacity, and add a conventional margin.

scholarly journals ESTIMATION OF LONG-RUN RELATIONSHIP OF INFLATION (CPI & WPI), AND OIL PRICES WITH KSE-100 INDEX: EVIDENCE FROM JOHANSEN MULTIVARIATE COINTEGRATION APPROACH

2017 ◽  
Vol 23 (4) ◽  
pp. 567-588 ◽  
Author(s):  
Rizwan RAHEEM AHMED ◽  
Jolita VVEINHARDT ◽  
Dalia ŠTREIMIKIENĖ ◽  
Saghir Pervaiz GHAURI ◽  
Nawaz AHMAD
Keyword(s):  
Crude Oil ◽  
Price Index ◽  
Consumer Price Index ◽  
Wholesale Price ◽  
Impulse Response Function ◽  
Oil Prices ◽  
Crude Oil Prices ◽  
Long Run ◽  
Wholesale Price Index ◽  
Relationship Of

This research is an attempt to framework the applied strides to evaluate the long run relationship among commonly used inflation proxies induces such as, wholesale price index (WPI) and consumer price index (CPI), and crude oil price (COP) with KSE100 index returns. In this research we used monthly data for the time period from July 1995 to June 2016, and thus, in this way total 252 observations have been considered. Time series have been made stationary by applying ADF and PP tests at first difference. Johansen multivariate conintegration approach was used to test the long-term association amongst the considered macroeconomic variables. The results indicated that CPI and COP significantly affect KSE100 index returns that indicated CPI along with COP have foreseen power to impact KSE100 index. In contrary, the results of WPI and COP do not have long run relationship with KSE100 index in case of Pakistani economy. Results of variance decomposition exhibited that the index of LKSE100 was realistically rarer exogenous in connection to distinctive factors, as around 92.31% of its variation was explained due to its own specific shocks. It is concluded that CPI and COP can impact the KSE100 index returns. It is confirmed by the results of impulse response function that there is a positive and long run relationship between KSE100 returns and consumer price index (proxy of inflation) and international crude oil prices.

scholarly journals Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format

2017 ◽  
Vol 10 (1) ◽  
pp. 213 ◽  
Author(s):  
Satrugan Sinah
Keyword(s):  
Monetary Policy ◽  
Money Supply ◽  
Price Index ◽  
Consumer Price Index ◽  
Effective Management ◽  
Empirical Estimation ◽  
Policy Makers ◽  
Monetary Aggregates ◽  
Bank Managers ◽  
Trade Partner

This study is based on data obtained from the new standardised reporting format introduced by International Monetary Fund. The empirical estimation of relationship between money supply and inflation leads to development of a model, which can be used by policy makers while formulating monetary policy. This model is based on new standardised reporting format, which has a broader approach in terms of capturing monetary aggregates in a country. Thus, as opposed to findings of many earlier studies, which used non-standardised data, this paper shows that an increase in money supply leads to an increase in consumer price index. ly. Finally, the study found that the RGDP of trade partner and bilateral real exchange rate are not statistically significant. empirical evidence linking bank customers’ participation in financial ads to their attitude. Managerially, this study informs bank managers regarding effective management of financial advert contents in order to influence bank customer’s attitude towards financial adverts.

scholarly journals The Causal Linkage between Energy Price and Food Price

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4182
Author(s):  
Dervis Kirikkaleli ◽  
Ibrahim Darbaz
Keyword(s):  
Economic Crisis ◽  
Price Index ◽  
Food Prices ◽  
Food Price ◽  
Energy Price ◽  
Energy Prices ◽  
Causality Test ◽  
New Findings ◽  
Price Indexes ◽  
Causality Tests

This paper aims to reveal the causal relationship between energy prices and food prices and whether this relationship is similar in the food sub-groups forming the food price index used. As food prices more than doubled during the 2008 economic crisis, this relationship has received considerable attention from researchers. Many researches have been conducted to determine the causes and consequences of the 2008 food price crisis. Researches are mainly focused on crude oil and bio-energy in terms of “energy”. This research is not only differentiated by the data used but also by the methodology employed. The study attempts to add new findings to the empirical food price literature by utilizing relatively newly developed methods, namely Toda–Yamamoto causality, Fourier Toda–Yamamoto causality, and spectral BC causality tests. The spectral BC causality test clearly reveals that there is bidirectional causality between the energy price index and food price indexes (grains, other food, and oils) at different frequencies.

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