US health insurance prices have risen faster than inflation — Quartz Daily Brief — Quartz

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Here’s what you need to know

U.S. health insurance prices have outpaced inflation. The CPI index report showed a 28.2% increase in the year to September 2022, the biggest annual rise since records began in 2005.

Netflix has unveiled the release date for its ad-supported budget option. The new subscription plan will launch in November, but some features will not be available.

Harvard University reported the first drop in the endowment fund in six years. The fund, the largest in academia, posted a loss of 1.8% on its investment.

The United States lacks adderall. Manufacturing delays affected drug supplywhich is used to treat attention deficit hyperactivity disorder (ADHD).

A mega-merger of grocery stores in the United States is reportedly in the works. Kroger seeks to acquire Albertsons in an agreement it would attack Walmart and draw the attention of antitrust authorities, Bloomberg first reported.

The WHO has affirmed the importance of gender-affirming care. The guidelines also highlighted the importance of recognizing transgender identity in official documents.

Jamaican broadcasting regulators have banned music and television seen as glorifying crime. Several artists criticized the repression as a form of censorship that will have little or no impact on crime rates.


To monitor

Effective today, major US banks will begin reporting their third quarter results. For institutions that derive a greater share of their revenue from investment banking, the current market downturn is likely to kick in.

But revenues are only part of the story. Equally close attention will be paid to bank recession fears. A major clue to banks’ prospects is their preparedness for defaults. While the U.S. Federal Reserve’s interest rate hike gives financial institutions a chance to make some cash, the higher cost of borrowing could also mean consumers and businesses will struggle to repay their loans. , thereby increasing the risk of default.

The six largest banks by assets (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley and Goldman Sachs) are expected to allocate about $4.5 billion in loan loss reserves to their third quarter earnings – the third consecutive increase in these provisions.


Snacks @ inflation: Sorry, are you even going here?

Image copyright: Mario Anzuoni

Food prices simply seem unable to take a break from inflation. A trip to the grocery store takes a serious bite out of a shoppers wallet. But PepsiCo’s latest revenue makes one thing clear: sticker shock won’t stop people from eating Cheetos and drinking Mountain Dew.

Whether it’s an affordable luxury or a pick-me-up during times of stress, snacks keep Pepsi’s revenue bubbly. The beverage and snack maker, which owns brands like Quaker Oats and Tropicana, expects revenue for the year to be up 12%, ahead of the 10% previously forecast.

On a conference call with investors this week, Pepsi CEO Ramon Laguarta put it quite simply: “[O]Our brands are expanding at higher prices and consumers are following us. But how long can this last? For what it’s worth, Pepsi still has its recession scenario plans on the table, which include cutting capital spending and automating labor.


Why are good reviews so hard to get?

Free chip bags and refreshments at the office might be a nice perk (for those in person, anyway), but what workers really need is something less tangible: feedback.

We need feedback to know how we’re doing at work, and also, well, because we’re human. Most managers are never trained in how to give feedback, and as a guest on our Work Reconsidered podcast explains, it’s also really hard to get because workplaces are “inherently psychologically unsafe.” But there are ways to fix it.

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Surprising discoveries

Secret menu orders tear restaurant workers to shreds. This ‘hacked’ pumpkin spice latte can be cheaperbut doing so probably took more work.

The number of frogs in Switzerland jumped back. Environmentalists dug more ponds and the amphibians arose.

Lab-grown brain cells can play video games. We now know how many brain cells it takes to play the 1970s Pong game.

Splashing out a PowerPoint a few minutes before your presentation just got a whole lot weirder. RIP Clippy, who would have had no chance against Microsoft Office new member of the suite, DALL-E.

Balenciaga made a bag of Lay’s crisps. To $1,800or about the cost of 450 bags of actual Lay’s, maybe it’s the snack pack that can’t beat inflation.


Our best wishes for a productive day. Send news, commentary, Pong stats and PowerPoint DALL-E slides to [email protected] Reader support makes Quartz accessible to everyone – become a member. Today’s Daily Brief is brought to you by Sofia Lotto Persio, Ananya Bhattacharya, Morgan Haefner and Julia Malleck.

About Evelyn C. Heim

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