Word: indexation
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Dates: during 2000-2009
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...earthly paradise. But Miami's reputation for dysfunction is on display again this spring as the Obama Administration shifts health-care reform into high gear - and a spate of studies slams the Magic City as the poster child for exorbitant medical costs. This week the Milliman Medical Cost Index listed the 2008 average private-provider costs for a Miami family of four - $20,282 - as the highest among the 14 major U.S. cities it studied, adding that more than 40% of that amount came out of Miamians' own pockets. That echoes recent analyses by Medicare, Dartmouth College and Families...
...targeting Miami and other warped medical markets like it. Miami's inordinate health-care outlay - 20% more than the national average - "is not a pretty picture," says Kate Fitch, a principal and health-care consultant for the Seattle-based Milliman Inc. consulting firm and a co-author of its Index. That's especially true since Miami-Dade County also has one of the country's lowest median incomes ($43,495). "If the [Miami] area's practice patterns continue as they are," says Fitch, "employees there could be approaching a breaking point." (See the most common hospital mishaps...
...Reports like the Milliman Index, however, point up the just as troubling relation between high health-care costs and low-wage demographics like Miami's. Cities and regions with higher income and education rates tend to have access to more efficient health-care plans. In turn, they bear health-care costs that, while they might seem high in places like New York City (which is second behind Miami in the Milliman Index), are usually more in line with what residents can afford and require relatively less out-of-pocket contributions. Locales like Miami, by contrast, often offer residents "less access...
India's benchmark stock index on Monday surged a stunning 17%, a record one-day gain powered by investor euphoria over a resounding victory in nationwide elections by Prime Minister Manmohan Singh's Congress Party...
...Less than a minute after the market opened, share trading was halted for the first time ever when sharp gains in the Sensitive Index, or Sensex, triggered an automatic suspension. Trading resumed two hours later but so-called "circuit breakers" were again tripped by heavy buying in a matter of seconds, and markets were shut down for the rest of the day. The Sensex closed up 2,099 points at 14,272. India's Nifty index was also closed after gains of more than 15%. (Read about the key players to emerge from India's elections...