Theory of Health and Economic Growth by Vitalik Buterin and Shirley Henderson

Sher

Author Shirley Henderson AKA Sher November 12, 2018.

Theory of Health and Economic Growth by Vitalik Buterin and Shirley Henderson

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Theory of Health and Economic Growth by Vitalik Buterin and Shirley Henderson

“I think its important to talk about this things about health care because as somebody heaving to battle this disease for me the idea of not having health insurance which I do thanks to my great union is completely terrifying”.- Julia Louis-Dreyfus on Breast Cancer Battle

In my opinion countries and industries that offer free health care are competitive more than trending.

Why we need free health care? For three things job retention, job attraction even migration.

Universal Health care system meaning free health care are a must for economic growth.

People will always be in the search for a better ways to live. Life improvement is the new way of governorship since we don’t have to run away fro predators like our caveman ancestors use to do.

The modern man/woman has the availability to run away from bad marriages, bad workplaces even bad countries and since health is an essential ingredient for the look out of a better life, those who offer a health care disposition will attract new mates, new employees even new residents to a country.

I came up with the formula for growth after reading Vitalik Buterin tweets and he was talking about health

Which makes me think about how real it is the economic growth in relation to health because I cough the flu virus few days back and a person does not have the energy to do much work and looking at the statistics people who are sick request more days at work and the employer has to pay the cost of those days the worker is sick. Vitalik also mentioned the time and age regarding health and I yesterday I read that the millennials are out of the workforce leaving the statistics to older people working. So, here we go again by force of the nature older people need more health care so if older people are the ones being productive in society they should be taking care off with that higher degree from employers.

Right now, the work industry is changing opening the way for the tech companies eager to attract a new wave of workers and if they start implementing health care packages to all employees without a doubt will start strong in the social impact.

People would prefer to work in places where they offer free health care, not like after the depression of 2008 people only got part time jobs because employers will get away by not offering health care to part time employees. So, I think the impoverishment mentality is not working anymore. I think the more abundance and generous the employee become the better worker performance and the more productivity outcome, rewarding with an economical growth. I think is possible many countries exercise the universal health care with success he US should be included in the list of countries in the world that offer Universal Health Care.

Qualified people has become a resource and essentially becoming part of this list of free health provider countries is entering into the competition to attract new residents who will bing their job force with them and industries that will be able to expand as rapidly as they need.

This why the current system of not offering free health care is not working.

I am thinking of the employer who is hiring more employers to cover the production hours in a factory or office and is spending more in recruitment and training to the new positions year around.

I think if x employer offers a 40hrs a week with full benefits is more cost effective in the long run in multiple areas the person takes care more of the job because is a hard one to get, the employee spends less in fuel for transportation cost less stress for the commute times to he to the other half time job which goes back to more healthy individuals who are more productive. Meaning job retention power.

So everybody wins.

Sher’s formula for Health and Economic Growth by Shirley Henderson

This is how I came up with the Sher’s formula for Health and Economic Growth by Shirley Henderson

Industries and Governments+ Free Health Care to Humans = Economic Growth

Many companies had opted to replace humans with robots because they don’t need health care but this companies should think on the social impact they are creating so the humans who buy their products opt to buy from them. Let’s see a good example of a great tech company who still using humans as their workforce and doing great. Such as Google Inc.

One example of a company health care provider.

Google has on-site doctors and nurses. Employees also are given comprehensive coverage for health care.

This information about the Health Insurance benefit at Google is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Google. The description here may not reflect the current Google Health Insurance benefit.

This is what the employee said about it.

Oct 21, 2018

giving 5 stars review Current Creative Director in San Francisco, California

Great health program – my family have never felt safer and more protected than they do on this PPO program from Goodle. It’s great, I can’t recommend it enough. Is this 20 words yet?

With 605 employees reported this benefit on the site.

I don’t think Google-Health-Insurance-US-BNFT1 hurst the company profits it looks like the company is doing good and the company until today is run the majority by humans who need their health for optimal performance. 

Revenue 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenue 110,855,000 90,272,000 74,989,000 66,001,000
Cost of Revenue 45,583,000 35,138,000 28,164,000 25,313,000
Gross Profit 65,272,000 55,134,000 46,825,000 40,688,000

According to The World Health Organization good health is essential to sustained economic and social development and poverty reduction. Access to needed health services is crucial for maintaining and improving health. At the same time, people need to be protected from being pushed into poverty because of the cost of health care. Have you hear of the medically induced bankruptcy

Universal health coverage is defined as ensuring that all people have access to needed health services (including prevention, promotion, treatment, rehabilitation and palliation) of sufficient quality to be effective while also ensuring that the use of these services does not expose the user the financial hardship. Universal health coverage has therefore become a major goal for health reform in many countries and a priority objective of WHO.

I think peoples health in relation to productivity and growth is so unappreciated because no days we live in a world where the stress rates are more because we are faced with multiple sources of negative information and peoples relationships are not as healthy as they use to meaning people are not as happy at home taking their house burden to the work place where they find hostility too and the competition to the AI and new technology is fastening the need for new education to gain access to new job opportunities and on top people get sick.

So I think that now more than ever the health industry should be re-routed to the human well being as a whole mentally, emotionally and physically and all state with a free and significantly low cost to health care.

Imagine if CVS, Walmart and Walgreens pharmacies will start giving free medical consultations to their store customers lets go further even online free consultations. That would disrupt the health care industry and the insurance companies and work places will compete trying to catch up wit the new trend. Just like some establishments offer free vision check up.

Now lets take into consideration that each state has the ability to implement new health care laws such as The state of Massachusetts became the first state to mandate universal health insurance in 2006.[129] 

The act provides for federally mandated health insurance to be implemented in the United States during the 2010–2019 decade with the Federal government subsidizing legal resident households with income up to 400% of the Federal poverty level.[131]  An average family of four, subsidies would be available for families whose income was about $88,000 or lower.[132] This threshold varies according to State and household size meaning in some states one will not be penalized for not having health care insurance but will not get the service either.

Not having health insurance this year will cost you: The penalty is $695 per adult and $347.50 per child for a maximum of $2,085 per family, or 2.5 percent of the household income, whichever is greater.

In May 2011, the state of Vermont became the first state to pass legislation establishing a single-payer health care system. The legislation, known as Act 48, establishes health care in the state as a “human right” and lays the responsibility on the state to provide a health care system that meets the needs of the citizens of Vermont.

The Congressional Budget Office and related government agencies scored the cost of a universal health care system several times since 1991, and have uniformly predicted cost savings,[134] partly from the elimination of insurance company overhead costs.[135] In 2009, a universal health care proposal was pending in Congress, the United States National Health Care Act (H.R. 676, formerly the “Medicare for All Act”).

In conclusion: The solution to the healthcare problem such as healthcare bankruptcy for high health premiums and surprise fees and high cost prescription drugs not cover in full by insurance. IF YOU WANT FREE HEALTHCARE LIKE THEY HAVE IN MASSACHUSETTS Ask your state representative
to pass the the United States National Health Care Act H.R. 676, formerly the “Medicare for All Act” that is pending at congress with the status of introduced.

With new information comes new decisions making print it on this link. The government will save a lot of money spend right now in administration cost they pay to contractors managing all the insurance coding from user to user and different insurances providers in comparison to the people 65+ enrolled in Medicare because is managed as a single-payer a comprehensive health care approach. It will save money in lower prescription cost.

In 2018 the new administration rule introduce site-neutral payments about a fifth of the gross $760 million in savings in the form of reduced 20% coinsurance and lower prescription drugs, they are projecting hundreds of millions of dollars in savings for Medicare patients. The heavy lifting is already done it only need to be share with everybody.

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I think the answer is clear in the numbers when combined the The Trump Rule of lower cost for hospital treatment and lower prescription drugs for Medicare program with the Obama Care program subsidies. Right there the Medicare for all program pays it self. I think is plausible.

Sher’s formula for Medicare for all by Shirley Henderson

Sher’s formula for Medicare for all by Shirley Henderson

Trump Rule of lower cost for hospital treatment and lower prescription drugs for Medicare program + Obama Care program health insurance subsidies= Medicare for all program

 

S.1804 – Medicare for All Act of 2017

Tracker:

This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced:  The Act is here in the process 2018 for how long? Massachusetts pass it in their state in 2006 that is 12 years ago. It measn that that state took action an pass it, Same thing with the state of Vermont passing the

  2. Passed Senate

  3. Passed House

  4. To President

  5. Became Law

In the end everybody will benefit, families, individuals, workplaces and business as well the entire country will benefit from and environment of healthy individuals contributing to the economic growth.

Update Nov 18, 2018

The only way to get the Medicare for all is to think beyond parties and relate among people.-Shirley Henderson A Medicare “extra”-for-all bill is the optimum. A temporary fix individuals and companies could opt for Medicare buy-in plan bill https://t.co/xEqo4Cqc9w #medicareforall pic.twitter.com/YgYyRhc4oE

— Sher (@Sher_Henderson) November 18, 2018

The only way to get the Medicare for all is to think beyond parties and relate among people.-Shirley Henderson

A Medicare-for-all bill from Sen. Bernie Sanders
In the other hand individuals and companies could opt for Medicare buy-in plan
A Medicare buy-in bill from Sens. Tim Kaine and Michael Bennet
A Medicaid buy-in bill from Sen. Brian Schatz
A Medicare “extra”-for-all proposal from the Center for American Progress

The Murphy-Merkley plan would allow, for example, a company like Vox Media to purchase Medicare for its employees rather than buy coverage from the private health plan we currently use.

The idea at the heart of this (and any) Medicare buy-in plan is that individuals and companies would benefit from the public program’s strong bargaining power. It tends to set lower rates than private insurance plans. Doctors still accept those rates because Medicare covers a massive amount of people — about 45 million Americans or 14 percent of the population. Medicare would gain even more bargaining power, the theory goes, as more and more people join the program.

The A.C.A. was a good-faith effort to create a fiscally disciplined, ideologically moderate, market-based path to near-universal coverage. A single-payer health system would be more functional, more economical and fairer than what we have. America may someday have a single-payer system Although a single-payer system would reduce overall health spending.

Update November 23, 2018

There you have it friends. My name is Shirley Henderson I want to see you succeed in every area of your life and I am on the side of human kind, this is my legacy to the world and I’ll see you guys back.

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Resources

1:27

Other similar terms: the single-payer Vermont, National health insurance, Medicare for All, National health insurance legislation, Physicians for a National Health Program HR 676

single-payer a comprehensive health care approach

http://www.who.int/healthsystems/universal_health_coverage/en/

https://www.congress.gov/bill/115th-congress/senate-bill/1804/text

https://www.vox.com/policy-and-politics/2017/9/13/16296656/bernie-sanders-single-payer

https://www.vox.com/health-care/2017/10/20/16504800/medicare-x-single-payer

https://www.vox.com/policy-and-politics/2018/4/18/17252714/democrats-medicare-buy-in-chris-murphy-jeff-merkley

https://en.wikipedia.org/wiki/List_of_countries_with_universal_health_care

https://fitforwork.org/blog/common-causes-of-work-absence/

https://www.youtube.com/watch?v=xLzT2X25nV0

https://www.moneytips.com/30-percent-of-millennial-men-have-no-job/885

https://www.inc.com/business-insider/best-google-benefits.html

https://www.vox.com/policy-and-politics/2018/2/23/17041638/single-payer-medicare-extra-health

https://www.glassdoor.com/Benefits/Google-Health-Insurance-US-BNFT1_E9079_N1.htm

https://finance.yahoo.com/quote/GOOG/financials?p=GOOG

https://www.investopedia.com/ask/answers/122214/what-difference-between-revenue-and-profit.asp

https://www.vox.com/policy-and-politics/2018/7/27/17623072/trump-administration-medicare-hospital-costs-site-neutrality

https://www.wsj.com/articles/patients-struggle-with-high-drug-prices-1451557981

https://www.realclearpolitics.com/video/2017/07/30/jake_tapper_to_bernie_sanders_why_doesnt_vermont_have_single_payer_health_care.html

https://www.forbes.com/sites/theapothecary/2018/08/07/trumps-new-medicare-rule-to-reduce-prescription-drug-prices-through-competition/#5cbad2a87e88

https://www.healthcare.gov/glossary/co-insurance/

https://www.budget.senate.gov/

https://www.thebalance.com/cost-of-obamacare-3306050

2019 Obamacare Subsidy Chart and Calculator

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