Health Care Options: Idealistic, Pragmatic Idealism, Status Quo, Or Worse?

For decades, if not longer, the United States of America, has been discussing, the best, most responsible / responsive way, to address the delivery of health care, to our citizens! Should quality medical care, be every American's right, and should it be considered, one of those inalienable rights, we expect, and deserve? A decade ago, President Obama, fought for his so – called, hallmark program, which was enacted, as the Affordable Care Act, and, popularly , referred to as Obamacare . It seemed, for a significant period of time, his Republican opponents, made overturning it, one of the principal focuses! Several times, during that period, the GOP attempted to overturn it, unsuccessfully, and, nearly, dramatically, did so, in 2017. When Donald Trump ran for President, he promised, repealing this program, and replacing it, with something, far better, would be easy, and he would achieve it, in a short period. However, promises and rhetoric, achieve little, without a clear – cut, viable solution, and he did not articulate a meaningful alternative. Once again, we are witnessing, the political version of football, where the President is offering his complaints and blaming his predecessor, while most of the Democrats, running for the highest office in the land, are chiming – in, with their personal opinions, etc. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, some of the options and alternatives, including: Idealistic; Pragmatic Idealism; Status Quo; or something, probably worse.

1. Idealistic: Several candidates have supported, what is referred to, as Medicare – For – All. The claims are, it would be fairer, less expensive (overall), provide superior care, etc. Their positions include: a) Everyone likes Medicare, so, this is the best course; b) It would reduce overall costs; c) It would be better for individuals; d) While there would be taxes, it would cost less, in the longer – run. They point to the programs, in other nations, and their successes. Ignored, in the discussion, is, today's Medicare is not free, either. We pay into the program, during our entire working lives, and continue, paying, after age, 65. It does not pay all the costs of health care – in fact, only about 80% of Part B / Medical costs. Most, then purchase a Supplement, and, when one adds all these components, up, it's obvious, it's not free! In addition, while physicians, presently, are willing to accept the reduced payments, involved with these reimbursements, for part of their practice, how many, might not, be willing, if it was their sole payments. With the escalating costs of malpractice / litigation, etc, and the many years (and dollars), it costs, to become a doctor, would this result in far fewer, physicians? In addition, since over 150 million Americans, receive employer – paid, health insurance, would they be willing, and happy, to have to pay this, themselves, now? We are being provided with estimates, but few, are apparently, thoroughly evaluated, to include contingencies, and ramifications! Would this, have the ability to be enacted, in the political process?

2. Pragmatic idealism: Should the goal, be, providing quality care, or, demanding a specific approach, without flexibility, or, perhaps, reality? Pragmatic idealism, would create, a goal, of providing, universal health care, combining a public and private options, and offering several viable alternatives / options! Instead of, being narrow – minded, and, saying, it has to be, My way or the highway , wouldn't it make more sense, be less disruptive (think about the hundreds of thousands, who are employed by private insurance companies) , and, desirable, to combine the options, and seek a meeting, of the minds? Wouldn't it, make more sense, to address the weaknesses of the Affordable Care Act, and improve it?

3. Status quo: With the stagnation, and congestion, and partisanship, occurring in our Congress, little to nothing, seems to be occurring!

4. Worse: President Trump's apparent solution is to offer, less expensive, higher deductible, more limited, health insurance? How is that an improvement? Isn't that, far worse, both, in the present and future? How about, those with pre – existing conditions, higher health – care costs, etc?

Wake up, America, and, refuse to be, lied to, and manipulated, by politicians, with a personal / political agenda, etc? Either, you demand, responsible leadership, or, lose something, needed, and necessary?



Source by Richard Brody

This article is brought to you by Kokula Krishna Hari Kunasekaran! Visit Website or Follow back at @kkkhari

Reasons the Next Financial Crisis Will Be Worse and How You Can Save Yourself

MARKETS ARE FAR MORE VOLATILE NOW IN THE WAKE OF BREXIT AND TRUMP'S ELECTION:

What will happen to you when your savings and retirement account are completely worthless? Gold is the only asset that cannot be created. It has to be mined and pulled out of the earth through a natural process. Against all odds, the US has elected Donald Trump as its new president and no one can predict how the next four years will go. As a commander in chief, Trump now has the power to declare a nuclear war and nobody can legally stop him. Britain has left the EU and other European countries are planning to follow their example. No matter where you are located in the western world, uncertainty is in the air like never before.

THE US GOVERNMENT HAS ITS EYE ON RETIREMENT ACCOUNTS:

In 2010 Portugal seized retirement account assets to help plug holes with government deficits and debt. Ireland and France did the same in 2011, as did Poland in 2013. The US government has been watching. Since 2011, Treasury has taken money from government workers' pension funds on four separate occasions to cover deficits in federal spending. Investing billionaire legend Jim Rogers believes that private accounts will be the next ones the government raids.

TOP 5 US BANKS NOW LARGER THAN BEFORE THE CRISIS:

You learned about the five largest banks in the US and their systemic importance as the unfolding financial crisis threatened to collapse them. Legislators and regulators promised they would address this issue once the crisis was contained. Over five years after the crisis ended, the five biggest banks are even bigger and more critical to the system than before the crisis began. The government made the problem worse when it forced some of these so called "too big to fail" banks to absorb the failing ones. Any of these banking behemoths failing now would be absolutely catastrophic.

DANGER FROM DERIVATIVES THREATENS THE BANKS MORE NOW THAN 2007/2008:

The derivatives that crashed the banks back in 2008 did not disappear as regulators promised. Today the derivatives exposure of the five biggest American banks is a whopping 45% greater than before the economic collapse of 2008. The derivative bubble is over $ 273 trillion now versus the $ 187 trillion of 2008.

US INTEREST ARE ALREADY AT ABNORMAL LOWS SO THE FED HAS LITTLE ROOM TO CUT RATES:

Even after raising interest rates once last year, the Federal funds rate is still in the range of ¼ to ½ percent. Consider that before the crisis erupted in August of 2007, the Federal funds interest rates sat at 5.25%! In the next crisis, the Fed will have less than half a percentage point total it can reduce rates to stimulate the economy.

AMERICAN BANKS ARE NOT THE SAFEST PLACE FOR YOUR MONEY

Global Finance magazine puts out a yearly list of the top 50 safest global banks. Only 5 of those are US based. The top spot an American bank commands is only # 39.

THE FED BALANCE SHEET IS STILL EXPANDED FROM THE FINANCIAL CRISIS OF 2008:

The Fed still has nearly $ 1.8 trillion in mortgage backed securities on its balance sheet from the 2008 financial crisis. This is more than double the less than $ 1 trillion it held before the crisis began. When mortgage backed securities go bad again, the Federal Reserve has a lot less maneuverability to absorb bad assets than before.

THE FDIC ADMITS IT LACKS RESERVES TO COVER ANOTHER BANKING CRISIS:

The latest FDIC's annual report shows that they will not have sufficient reserves to adequately insure the nation's banking deposits for minimally another five years. This stunning revelation admits that they can only cover 1.01% of US bank held deposits, or $ 1 out of every $ 100 of your bank account deposits.

LONG TERM UNEMPLOYMENT IS STILL HIGHER THAN BEFORE THE GREAT RECESSION:

Unemployment was 4.4% in early 2007 before the last crisis began. While the unemployment rate has finally reached the 4.7% levels seen as the financial crisis began to ravage the US economy, the long term unemployment remains high and the employment participation rate is significantly lower more than five years after the previous crisis ended. Joblessness could be much higher in the wake of the coming crisis.

AMERICAN BUSINESSES FAILING AT A RECORD PACE:

In the beginning of 2016, the Gallup CEO Jim Clifton announced that American business failures are now greater than new business startups for the first time in over three decades. The dearth of medium and small businesses has huge implications for an economy long driven by free enterprise. Bigger businesses are not immune to the problems either. Even American economic heavy weights like Microsoft (reducing 18,000 jobs) and McDonald's (shutting down 700 stores for the year) are suffering from this dismal trend.



Source by Raji Muheez

This article is brought to you by Kokula Krishna Hari Kunasekaran! Visit Website or Follow back at @kkkhari

Reasons the Next Financial Crisis Will Be Worse and How You Can Save Yourself

MARKETS ARE FAR MORE VOLATILE NOW IN THE WAKE OF BREXIT AND TRUMP’S ELECTION:

What will happen to you when your savings and retirement account are completely worthless? Gold is the only asset that cannot be created. It has to be mined and pulled out of the earth through a natural process. Against all odds, the U.S. has elected Donald Trump as its new president and no one can predict how the next four years will go. As a commander in chief, Trump now has the power to declare a nuclear war and nobody can legally stop him. Britain has left the EU and other European countries are planning to follow their example. No matter where you are located in the western world, uncertainty is in the air like never before.

THE U.S GOVERNMENT HAS ITS EYE ON RETIREMENT ACCOUNTS:

In 2010 Portugal seized retirement account assets to help plug holes with government deficits and debt. Ireland and France did the same in 2011, as did Poland in 2013. The U.S. government has been watching. Since 2011, Treasury has taken money from government workers’ pension funds on four separate occasions to cover deficits in federal spending. Investing billionaire legend Jim Rogers believes that private accounts will be the next ones the government raids.

TOP 5 U.S BANKS NOW LARGER THAN BEFORE THE CRISIS:

You learned about the five largest banks in the U.S. and their systemic importance as the unfolding financial crisis threatened to collapse them. Legislators and regulators promised they would address this issue once the crisis was contained. Over five years after the crisis ended, the five biggest banks are even bigger and more critical to the system than before the crisis began. The government made the problem worse when it forced some of these so called “too big to fail” banks to absorb the failing ones. Any of these banking behemoths failing now would be absolutely catastrophic.

DANGER FROM DERIVATIVES THREATENS THE BANKS MORE NOW THAN 2007/2008:

The derivatives that crashed the banks back in 2008 did not disappear as regulators promised. Today the derivatives exposure of the five biggest American banks is a whopping 45% greater than before the economic collapse of 2008. The derivative bubble is over $273 trillion now versus the $187 trillion of 2008.

U.S INTEREST ARE ALREADY AT ABNORMAL LOWS SO THE FED HAS LITTLE ROOM TO CUT RATES:

Even after raising interest rates once last year, the Federal funds rate is still in the range of ¼ to ½ percent. Consider that before the crisis erupted in August of 2007, the Federal funds interest rates sat at 5.25%! In the next crisis, the Fed will have less than half a percentage point total it can reduce rates to stimulate the economy.

AMERICAN BANKS ARE NOT THE SAFEST PLACE FOR YOUR MONEY

Global Finance magazine puts out a yearly list of the top 50 safest global banks. Only 5 of those are U.S. based. The top spot an American bank commands is only #39.

THE FED BALANCE SHEET IS STILL EXPANDED FROM THE FINANCIAL CRISIS OF 2008:

The Fed still has nearly $1.8 trillion in mortgage backed securities on its balance sheet from the 2008 financial crisis. This is more than double the less than $1 trillion it held before the crisis began. When mortgage backed securities go bad again, the Federal Reserve has a lot less maneuverability to absorb bad assets than before.

THE FDIC ADMITS IT LACKS RESERVES TO COVER ANOTHER BANKING CRISIS:

The latest FDIC’s annual report shows that they will not have sufficient reserves to adequately insure the nation’s banking deposits for minimally another five years. This stunning revelation admits that they can only cover 1.01% of U.S. bank held deposits, or $1 out of every $100 of your bank account deposits.

LONG TERM UNEMPLOYMENT IS STILL HIGHER THAN BEFORE THE GREAT RECESSION:

Unemployment was 4.4% in early 2007 before the last crisis began. While the unemployment rate has finally reached the 4.7% levels seen as the financial crisis began to ravage the U.S. economy, the long term unemployment remains high and the employment participation rate significantly lower more than five years after the previous crisis ended. Joblessness could be much higher in the wake of the coming crisis.

AMERICAN BUSINESSES FAILING AT A RECORD PACE:

In the beginning of 2016, the Gallup CEO Jim Clifton announced that American business failures are now greater than new business startups for the first time in over three decades. The dearth of medium and small businesses has huge implications for an economy long driven by free enterprise. Bigger businesses are not immune to the problems either. Even American economic heavy weights like Microsoft (reducing 18,000 jobs) and McDonald’s (shutting down 700 stores for the year) are suffering from this dismal trend.



Source by Raji Muheez

This article is brought to you by Kokula Krishna Hari Kunasekaran! Visit Website or Follow back at @kkkhari