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By Staff Reporters
According to Wikipedia, a cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into a commodity. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens or other such reward mechanisms.
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CITE: https://www.r2library.com/Resource/Title/0826102549
Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
A cryptocurrency is a tradable digital asset or digital form of money, built on blockchain technology that only exists online. Cryptocurrencies use encryption to authenticate and protect transactions, hence their name. There are currently over a thousand different cryptocurrencies in the world, and many see them as the key to a fairer future economy.
Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrencies have been created.
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Enter GAS
Gas refers to the unit that measures the amount of computational effort required to execute specific operations on the cryptocurrency Ethereum network. Since each Ethereum transaction requires computational resources to execute, each transaction requires a fee. Gas refers to the fee required to conduct a transaction on Ethereum successfully.
CITE: https://www.r2library.com/Resource/Title/082610254
Gas fees are paid in Ethereum’s native currency, ether (ETH). Gas prices are denoted in gwei, which itself is a denomination of ETH – each gwei is equal to 0.000000001 ETH (10-9 ETH).
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For example: Instead of saying that your gas costs 0.000000001 ether, you can say your gas costs 1 gwei. The word ‘gwei’ itself means ‘giga-wei’, and it is equal to 1,000,000,000 wei. Wei itself (named after Wei Dai, creator of b-money) is the smallest unit of ETH
MORE: https://swyftx.com/learn/what-are-ethereum-gas-fees/
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Filed under: Glossary Terms, Information Technology | Tagged: Bitcoin, CBDC, crypto gas fees, crypto tokens, cryptocurrency, cryptocurrency transaction fees, Ethereum, gas fees, Gwei, NFT, token fees | 3 Comments »
HEDGE AGAINST INFLATION
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
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DEFINITION: Stablecoins are blockchain-based digital currencies that have been created with the aim to have a stable value. Stablecoins achieve price-stability through various different methods such as a peg against a fiat currency or a commodity, through collateralization against other cryptocurrencies or through algorithmic coin supply management.
CITE: https://www.r2library.com/Resource/Title/0826102549
Every stable coin includes a specific set of mechanisms that mostly behave in the same way. In general, stable coins keep collateral of the asset and manage the supply. In this way, they incentivize the market, which allows trade of the coin for no more or less than $1.
A stable coin can be considered the best depending on several factors: It should be stable. PAX is one the most stable stablecoin. It should be liquid and available on most exchanges. It should be backed by FIAT. PAX is 100% collateralized in US bank accounts. It should be regulated. It should be redeemable.
PODCAST #1: https://www.youtube.com/watch?v=O3rVWLhBIPo
PODCAST #2: https://www.youtube.com/watch?v=GsSSLDzKCOE
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Filed under: "Ask-an-Advisor", Alternative Investments, CMP Program, Glossary Terms, Information Technology, Investing, Touring with Marcinko, Videos | Tagged: blockchain, Certified Medical Planner™, CMP, crypto-collateralization, cryptocurrency, fiat collateralization, inflation, IT, PAX, Stablecoins | 1 Comment »
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By Staff Reporters
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DOW 36,407.11 ▼ -392.54 NASDAQ 15,100.17 ▼ -522.54 S&P 500 4,700.58 ▼ -92.96 WTI Futures 78.98 ▲ +1.13
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By Business Savvy Physician
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HEALTH ECONOMICS CITE: https://www.r2library.com/Resource/Title/0826102549
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By Staff Reporters
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A recent Gallup survey asked “Thinking about the last 12 months, have you or a family member skipped a prescribed pill, dose, or other type of medication in order to save money?”. The amount of prescriptions in the household of those who answered yes varied as follows:
• 8+: 25%
• 5-7: 22%
• 1-4: 17%
• 0: 8%
• Total that answered yes: 18%
Source: West Health-Gallup 2021 Healthcare in America Report, December 2021
CITE: https://www.r2library.com/Resource/Title/082610254
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By Staff Reporters
In the United States, a high-deductible health plan is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is intended to incentivize consumer-driven healthcare. Being covered by an HDHP is also a requirement for having a health savings account. Some HDHP plans also offer additional “wellness” benefits, provided before a deductible is paid.
High-deductible health plans are a form of catastrophic coverage, intended to cover for catastrophic illnesses. Adoption rates of HDHPs have been growing since their inception in 2004, not only with increasing employer options, but also increasing government options. As of 2016, HDHPs represented 29% of the total covered workers in the United States; however, the impact of such benefit design is not widely understood.
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• 2021: 40%
• 2020: 38%
• 2019: 36%
• 2018: 33%
• 2017: 30%
Note: Percentage enrolled in high-deductible Consumer-Directed Health Plans, primarily Health Savings Account-eligible plans.
Source: Mercer National Survey of Employer-Sponsored Health Plans, December 2021
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CITE: https://www.r2library.com/Resource/Title/082610254
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BY ERIC BRICKER MD
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WHAT IT IS – HOW IT WORKS – WHY?
By Staff Reporters
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What it is: With its use as a commodity tracing back to Ancient Lydian merchants over 2,500 years ago, gold has the most staying power of any indicator on this list. When investors talk about gold prices today, they’re most likely referring to the price per ounce of gold bullion (those gold bars bad guys keep in briefcases).
How it works: Gold is priced in U.S. dollars around the world. Investors can buy physical gold in the form of bullion or coins or go for more intangible gold securities, such as futures, ETF shares, or investments in gold mining companies.
Why it matters: In a 21st century economy where currencies aren’t pegged to the gold standard and credit cards are the medium of exchange, some investors argue gold is a relic. But others turn to the metal for diversification or as a “safe-haven asset”—something to buy during times of geopolitical or economic uncertainty because it holds onto its value.
CITE: https://www.r2library.com/Resource/Title/082610254
RELATED; https://www.forbes.com/advisor/investing/how-to-invest-in-gold/
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NOT TRANSITORY … YET!
By Vitaliy Katsenelson CFA
Here is my advice to you
Instead of straining your eyes, you can strain your ears and listen to the following articles. I’m providing links to my pieces on the inflation landscape (read, listen) and how we invest in inflation (read, listen).
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CITE: https://www.r2library.com/Resource/Title/0826102549
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INFLATION – Did we say [Health Care] Inflation?
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Why? Inflation, which is the rate of price increases over time, affects all of us on a personal level. We pay electric bills, go grocery shopping, decorate our houses, buy cars—and this year all of those things got more expensive. Especially health care.
Thanks to a nefarious mix of soaring demand for goods and snarled supply chains, US consumer prices jumped the most in 39 years in November, and the 6.8% inflation rate marked the sixth straight month inflation grew by 5% or more. Producer prices, which can eventually trickle down to individuals, also increased at their fastest pace on record last month.
Of course, some inflation is good for the economy when wages keep up with rising prices (the Fed aims for a 2% inflation rate over time). But, so far in the pandemic, that hasn’t happened. While many Americans have gotten a raise in 2021, wage gains haven’t been sufficient to offset inflation, resulting in the erosion of purchasing power—especially for folks on a more or less fixed income.
After months of claiming inflation was “transitory,” the Fed has dropped that term and adopted a more hawkish monetary policy to tamp down surging prices. The central bank is winding down its bond-buying stimulus program faster than originally planned, and also plans to hike interest rates three times in 2022.
In its inflation-fighting efforts, the Fed isn’t alone on the front lines. The Bank of England became the first major central bank to raise interest rates during the pandemic in order to combat the biggest annual jump in consumer prices in 10 years. Russia has raised rates seven times this year. Mexico, Chile, Costa Rica, Pakistan, and Hungary are among other countries which are tightening monetary policy to combat higher prices.
Looking ahead…as if economic policymakers needed another inflation curveball, Omicron has taken the mound. Central banks generally don’t expect the new variant to significantly dent economic growth, but they do think it may prolong inflation by exacerbating the supply–demand imbalance that fueled higher prices in the first place.
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RICARDIAN DEMAND HEALTH ECONOMICS: https://medicalexecutivepost.com/2021/12/14/ricardian-derived-demand-economics-in-medicine/
RISING HEALTH CARE COSTS: https://medicalexecutivepost.com/2018/03/11/medical-treatment-costs-becoming-expensive-25-factors/
Elderly CPI: https://medicalexecutivepost.com/2019/06/13/what-is-the-elderly-cpi/
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HEALTH ECONOMICS CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Accounting, Breaking News, Glossary Terms, Health Economics, Healthcare Finance | Tagged: chained CPI, CPI, Health Economics, inflation, ricardian demand economics, ricardio | Leave a comment »
How it Works for Employers and Hospitals?
BY DR. ERIC BRICKER MD
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CITE: https://www.r2library.com/Resource/Title/082610254
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RISK MANAGEMENT TEXT: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989
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Wendell Potter is a Famous Ex-Executive from Cigna Who Left His High Paying PR Job in 2007 to Reveal the True Story Behind Health Insurance Carrier Public Relations.
BY ERIC BRICKER MD
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Filed under: "Advisors Only", "Doctors Only", Breaking News, Career Development, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, Marketing & Advertising, Quality Initiatives, Videos | Tagged: Cigna, Cigna PR, cigna whistle blower, Eric Bricker MD, Health Insurance, Health Insurance Public Relations, Wendell Potter, whistle blower | 1 Comment »
Self and Fully Insured Fundamentals and Basics
[A Two Part Presentation]
DR. ERIC BRICKER MD
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CITE: https://www.r2library.com/Resource/Title/0826102549
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By Staff Reporters
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From improved organization to ease of use and increased security, virtual wallets are transforming the way we pay for things; especially during the holiday and Christmas Seasons.
CITE: https://www.r2library.com/Resource/Title/082610254
Here’s everything you need to know.
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The “Numbers” Day
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DEFINITION: A palindrome is a word, number, phrase, or other sequence of characters which reads the same backward as forward, such as madam or racecar. There are also numeric palindromes, including date/time stamps using short digits 11/11/11 11:11 and long digits 02/02/2020.
CITE: https://www.r2library.com/Resource/Title/082610254
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CRUNCH: According to mathematician Neal Freyman, today is the sound of mathematicians scrambling to find another topic to tweet about besides dates that form palindromes.
WHY: Today, 12/22/21, is the 22nd and final palindromic date of the year. There won’t be another year with 22 palindromic dates until 2111.
FACT: 1/20/21 was the first Inauguration Day with a palindromic date in American history. The next one will come in 1,000 years, on 1/20/3021.
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PERSUASION = Ethos, Pathos and Logos
BY ERIC BRICKER MD
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Filed under: Ethics, Experts Invited, Glossary Terms, Health Economics, LifeStyle, Quality Initiatives, Videos | Tagged: doctor trust, Eric Bricker MD, ethos, healthcare trust, logos, medical trust, nurse trust, pathos, persuasion | Leave a comment »
By Staff Reporters
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Formulary Tiers, PBM, Rebates, Spread-Pricing Explained
By Dr. Eric Bricker MD
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CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Drugs and Pharma, Experts Invited, Funding Basics, Glossary Terms, Health Insurance, Healthcare Finance, Practice Management, Videos | Tagged: Anthem, Caremark, Cigna, CVs, DEA, drug rebates, drug tiers, Drugs, Eric Bricker MD, Express Scripts, Formulary, Health Insurance, medications, Optum, PBM, PBMs, pharmacy, prescription coverage, Rx, spread drug pricing, UHC, United Health Care | Leave a comment »
WHAT IT IS – HOW IT WORKS – WHY?
By Staff Reporters
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What it is: The 10-year Treasury note is a debt instrument the U.S. government issues to fund itself. The Federal Reserve closely watches the “yield” (i.e. the return on investment) as a benchmark for other interest rates.
How it works: The U.S. Treasury issues bonds that are auctioned to investment banks by the Federal Reserve; banks can then sell those bonds to investors. The 10-year matures over—you guessed it—10 years, with interest paid out every six months until the full value is paid out at the end.
Why it matters: The 10-year is considered another safe-haven asset for investors. But as demand goes up, the yield goes down. Investors can even end up paying more than the face value of the Treasury note (but some are willing to accept the tradeoff for the low-risk investment).
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Ask-an-Advisor", Glossary Terms, Investing | Tagged: 10 year treasury note, bonds, notes, treasury bonds, Treasury notes, yield | Leave a comment »
By Staff Reporters
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The Federal Reserve announced that it will stop buying bonds about three months earlier than initially planned. The Fed now plans to trim its monthly Treasury and mortgage-backed security purchases by $30 billion a month starting next month. The new pace is expected to put an end to bond buying by March.
CITE: https://www.r2library.com/Resource/Title/0826102549
The Fed also announced that it would leave interest rates unchanged at near-zero percent. The announcement paves the way for three interest rate hikes by the end of 2022, which could weigh on tech and growth stocks.
UPDATE: https://www.msn.com/en-us/money/news/tech-takes-a-beating-as-central-banks-pull-back/vi-AARTp0n
MORE: https://www.msn.com/en-us/money/markets/stocks-fall-as-investors-digest-feds-latest-move/vi-AARTm2C
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By Staff Reporters
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INFLATION: https://medicalexecutivepost.com/2021/10/29/podcast-inflation-update/
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UPDATES
By Staff Reporters
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Chained CPI: https://medicalexecutivepost.com/2012/12/21/what-chained-cpi-could-mean-for-social-security/
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Pervasive MCG Health Insurance Denials
BY ERIC BRICKER MD
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By Staff Reporters
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Markets: Meme stocks like GameStop surged at the beginning of the year, but they’re now in a big funk as investors dump riskier assets.
An index of 37 stocks favored by retail traders hit its lowest level in seven months, and lost almost 25% of its value in just the last three weeks.
CITE: https://www.r2library.com/Resource/Title/082610254
MEME Stocks: https://medicalexecutivepost.com/2021/10/23/what-are-meme-stocks/
PEEK AHEAD TODAY: https://www.msn.com/en-us/money/markets/a-peek-into-the-markets-us-stock-futures-down-ahead-of-producer-price-index/ar-AARNFUs?li=BBnb7Kz
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ALL TIME HIGHS?
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NOTE: 35,630.18market open-340.81 (-0.95%)as of 12/13/2021, 11:31 AM EST
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END OF “WHAT A WEEK”
By Staff Reporters
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Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve’s meeting next week.
So, what about today-prognostications?
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HMOs, PPOs, POS and CDHPs; etc.
BY ERIC BRICKER MD
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Citation: https://www.r2library.com/Resource/Title/0826102549
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TOPICS PREVIOUSLY MENTIONED ON THE ME-P
By Staff Reporters
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Filed under: Breaking News, Drugs and Pharma, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, Investing, LifeStyle | Tagged: congress, covid, defense policy, Fed tapering, NASDAQ, omicron, Pfizer | Leave a comment »
A Curated Report
By Staff Reporters
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The marriage penalty has faded in recent years, particularly after the 2017 Republican tax cuts that targeted high incomes. But the singles penalty remains — the tax code is still written to benefit people in 1950s middle-class marriages who own their homes. That’s not great for the millions of households who are shouldering other cost burdens around single life.
CITE: https://www.r2library.com/Resource/Title/0826102549
Progressive tax codes are intended, at least theoretically, to ensure equitable distribution of the costs of maintaining civilization. They should (again, theoretically) be readjusted when a certain group begins to shoulder a disproportionate amount of that burden — like, for instance, single or divorced people. That’s not what’s happened, not for couples with two earners and not for the growing number of single or solo households. The reality of how people live and who works has changed. The policy has not kept pace.
The same principle holds true for Social Security, which was created first and foremost as a means of protecting the elderly from living out their final years in the literal poorhouse. The idea was simple: You and your employers pay in part of your salary now, and when you retire, you have enough to survive.
READ FULL REPORT HERE: https://www.vox.com/the-goods/22788620/single-living-alone-cost
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Filed under: Accounting, Breaking News, Experts Invited, Glossary Terms, LifeStyle, Taxation | Tagged: divorce, IRS, marriage penalty, married, single penalty, tax code | Leave a comment »
By Staff Reporters
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WHAT A WEEK!
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International Day of Persons with Disabilities (December 3) is an international observance promoted by the United Nations since 1992. It has been observed with varying degrees of success around the planet.
The observance of the Day aims to promote an understanding of disability issues and mobilize support for the dignity, rights and well-being of persons with disabilities. It also seeks to increase awareness of gains to be derived from the integration of persons with disabilities in every aspect of political, social, economic and cultural life. It was originally called “International Day of Disabled Persons” until 2007.
MORE: https://en.wikipedia.org/wiki/United_Nations’_International_Day_of_Persons_with_Disabilities
Each year the day focuses on a different issue.
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40 DOCTOR SPECIALTIES
BY ERIC BRICKER MD
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MATH NERDS
By Dr. David E. Marcinko MBA
SPONSOR: http://www.CertifiedMedicalPlanner.org
Fibonacci, also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano, was an Italian mathematician from the Republic of Pisa, considered to be “the most talented Western mathematician of the Middle Ages”
CITE:https://www.r2library.com/Resource/Title
Today, 11/23, is the second holiest day of the year for math nerds after Pi Day. Why? Because it’s Fibonacci Day. If you forgot about the Fibonacci series from middle school, it goes 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on, formed by taking the sum of the previous two numbers to create the next number in the sequence.
Fibonacci numbers can be found in many aspects of the natural world, including petal arrangements in flowers, the shape of hurricanes, a honeybee’s family tree, and even DNA molecules.
So yeah, to quote Jack Black in School of Rock, “Math is a really cool thing.”
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Filed under: Breaking News, CMP Program, Glossary Terms, Health Economics, Investing | Tagged: Certified Medical Planner™, CMP | Leave a comment »
Harm from Physicians and Health caRE
By Eric Bricker MD
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Iatrogenesis is the causation of a disease, a harmful complication, or other ill effect by any medical activity, including diagnosis, intervention, error, or negligence.
CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Ethics, Experts Invited, Glossary Terms, Videos | Tagged: Eric Bricker MD, First Do No Harm, iatro-genesis, iatrogenesis, iatrogentics, medical ethics | Leave a comment »
Q.E.
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
QE (Quantitative Easing = compound noun)
Although standard definitions will tell you that it is a ‘monetary policy’ used by central banks to stimulate the national economy, in reality it is more as follows:
– A cleverly disguised word that simply means ‘money printing’.
CITE: https://www.r2library.com/Resource/Title/0826102549
Central banks use QE as a disguise for increasing the money supply, as to monetize its increasing debt.
For a more technical analysis of the actual mechanics of QE, I invite you to read the article entitled QE for Dummies.
Examples:
1. The Central Bank embarked on another round of QE in hopes that it can kick-start the economy.
2. Ben Bernanke is set to begin the Fed’s taper of QE as soon as next month.
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Filed under: CMP Program, Funding Basics, Glossary Terms, Investing, Touring with Marcinko | Tagged: central banks, Certified Medical Planner™, CMP, David Edward Marcinko, FOMC, printing money, QE, quantatative easing | 1 Comment »
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DON’T FORGET to make mandatory withdrawals in retirement!
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
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QUERY: But – What happens if you don’t take your RMD for the year?
ANSWER: Well, you could end up paying a penalty. In fact, it’s a pretty hefty penalty of up to 50% of the amount you were supposed to withdraw. Paying that penalty can be pretty costly for someone living in retirement. As long as you’re vigilant and stay on top of the situation, though, you can avoid the penalty as well as these other costly 401(k) mistakes.
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Filed under: "Advisors Only", "Ask-an-Advisor", CMP Program, Glossary Terms, Investing, Retirement and Benefits, Touring with Marcinko | Tagged: 401(k) Plan, Certified Medical Planner™, CMP, David E. Marcinko, David Edward Marcinko, mandatory withdrawals, Required Minimum Distributions, retirement plan RMDs, RMD | 4 Comments »
Data Science in Healthcare
BY ERIC BRICKER MD
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BIO-STATISTICS COURSE: https://www.youtube.com/watch?v=1Q6_LRZwZrc-
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Filed under: Experts Invited, Glossary Terms, Health Economics, Healthcare Finance, Information Technology, Quality Initiatives, Retirement and Benefits | Tagged: Biostatistics, causation, correlation, data science, Eric Bricker MD, healthcare data, Observational Research Study, random studies, risk adjustments | Leave a comment »
UPDATE FOR PHYSICIANS AND ALL INVESTORS
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss.
CITE: https://www.r2library.com/Resource/Title/0826102549
Generally, an asset’s basis is its cost to the owner, but if you received the asset as a gift or inheritance, refer to Topic No. 703 for information about your basis.
For information on calculating adjusted basis, refer to Publication 551, Basis of Assets. You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren’t tax deductible.
IRS: https://www.irs.gov/taxtopics/tc409
MORE: https://medicalexecutivepost.com/2021/04/23/bidens-capital-gains-tax-proposal/
RELATED: https://medicalexecutivepost.com/2021/05/01/capital-gains-tax-non-sense/
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Filed under: "Ask-an-Advisor", Accounting, CMP Program, Glossary Terms, Investing, Taxation, Touring with Marcinko | Tagged: Accounting, capital gains, David Edward Marcinko, Investing, long term capital gains, short term capital gain, tax basis, Taxation | Leave a comment »
Healthcare Costs Projected to Grow in 2022
A June 2021 PricewaterhouseCoopers (PwC) report found that healthcare costs have been on a steady decline for the past decade, but trailing effects from the COVID-19 pandemic could cause increases above anticipated rates over the next several years.
In 2007, the annual cost growth for healthcare spending was 11.9% and declined steadily until 2017, where it floated between 5.5% and 6.0% until 2020. However, projected healthcare cost growth for 2022 is expected to reach 6.5% due to factors such as deferred or forgone care, increased mental health issues, preparation for future pandemics, and investment in digital tools. (Read more...)
ASSESSMENT: Your thoughts are appreciated.
Citation: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Experts Invited, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: Health Capital Consultants LLC, health care costs, Healthcare Costs Grow in 2022, PwC | 1 Comment »
Produced FROM Merck Manual
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ASSESSMENT: Of course, the absolute amount and the rate of increase of health care spending in the US are widely regarded as unsustainable. Consequences of increased US spending on health care include the following:
CMS GLOSSARY: https://www.cms.gov/CCIIO/Resources/Files/Downloads/dwnlds/uniform-glossary-final.pdf
GOVERNMENT: https://www.bls.gov/ncs/ebs/sp/healthterms.pdf
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Filed under: Book Reviews, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance | Tagged: Dictionary of Health Economics and Finance, Dictionay of Health Insurance and Managed Care, Health Economics, health economics terms, Health Insurance, Healthcare Finance, healthcare finance terms, managed dare | Leave a comment »
BE ALERT AND BE AWARE
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
Churning: The practice of a provider seeing a patient more often than is medically necessary, primarily to increase revenue through an increased number of visits. A practice, in violation of SEC rules, where a salesperson affects a series of transactions in a customer’s account which are excessive in size and/or frequency in relation to the size and investment objectives of the account. An insurance agent who is churning an account is normally seeking to maximize the income (in commissions, sales credits or mark-ups) derived from the account.
FRONT-RUNNING: Form of market manipulation where a broker/dealer delays processing of a large customer trade in an underlying security until the firm can execute an options trade in that security in anticipation of the client’ s trade impact on the underlying security.
Pump and dump: A a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” their overvalued shares, the price falls and investors lose their money.
Citation: https://www.r2library.com/Resource/Title/0826102549
Your comments are appreciated.
INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
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Filed under: CMP Program, Financial Planning, Glossary Terms, Insurance Matters, Investing | Tagged: Certified Medical Planner™, CMP, front running, pump and dump, SEC, stock churning | 3 Comments »
A FINANCIAL EXPLANATION
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
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DEFINITION: The meaning of meme stocks is sort of self-explanatory: hyped stocks that perform well. But from a fundamental perspective, they shouldn’t do well at all.
CITE: https://www.r2library.com/Resource/Title/0826102549
For example, Reddit forums and social media hype drive meme stocks. Speculators on Twitter and Reddit united together to trade their favorite companies in hopes of driving them “to the moon.”
It may not be fair to call them speculators. These hype beasts want to buy and hold stocks of companies that might not have a great long-term outlook.
Brokerages like Robinhood helped level the playing field with apps and ‘easier’ access. That’s giving retail traders more opportunity. Robinhood traders can buy with just a few clicks on their smartphones and use partial positions to buy chunks of stocks.
And it’s helped create meme stock madness.
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Filed under: "Ask-an-Advisor", CMP Program, Glossary Terms, Investing, Touring with Marcinko | Tagged: Certified Medical Planner™, CMP, David Marcinko MBA, meme, MEME stocks, what is meme stock? | 1 Comment »
OVERHEARD IN THE DOCTOR’S LOUNGE
By Jaan E. Sidorov MD
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DEFINITION: Prospect theory is a theory of behavioral economics and behavioral finance that was developed by Daniel Kahneman and Amos Tversky in 1979. The theory was cited in the decision to award Kahneman the 2002 Nobel Memorial Prize in Economics.
CITE: https://www.r2library.com/Resource/Title/0826102549
CASE MODEL:
Amanda, an RN client, was just informed by her financial advisor that she
needed to re-launch her 403-b retirement plan. Since she was leery about
investing, she quietly wondered why she couldn’t DIY. Little does her FA know
that she doesn’t intend to follow his advice, anyway! So, what went wrong?
The answer may be that her advisor didn’t deploy a behavioral economics
framework to support her decision-making. One such framework is the
“prospect theory” model that boils client decision-making into a “three step
heuristic.”
Prospect theory makes the unspoken biases that we all have more explicit. By
identifying all the background assumptions and preferences that clients
[patients] bring to the office, decision-making can be crafted so that everyone
[family, doctor and patient] or [FA, client and spouse] is on the same page.
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Briefly, the three steps are:
ASSESSMENT
Much like in healthcare today, the current mass-customized approaches to the financial services industry fall short of recognizing more personalized advisory approaches like prospect theory and assisted client-centered investment decision-making.
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RISK MANAGEMENT: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989
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Filed under: "Advisors Only", "Doctors Only", Career Development, Experts Invited, Financial Planning, Glossary Terms, Investing | Tagged: Daniel Kahneman, doctors lounge, financial decision making, Financial Planning, investing psychology, Jaan Sidorov MD, Prospect Theory | 1 Comment »
YOU DECIDE AND OPINE
By Dr. David E. Marcinko MBA
Autumn is here, and leaves aren’t the only thing falling.
After seven months of higher monthly closes, plus one record-setting high early in the month, the benchmark S&P 500® Index wobbled its way to a 5% pullback in September. The causes were many—uncertainty emanating from Washington, inflation, supply chain problems, and softer earnings growth forecasts—and now the horizon is looking foggy as we gaze ahead toward the final months of 2021.
Shipping bottlenecks and a near-record number of job openings are raising costs and putting upward pressure on wages, which may start to hurt profit margins, and the twin specters of inflation and higher interest rates are making investors wonder when the Federal Reserve might step in to raise interest rates.
Related: https://medicalexecutivepost.com/2016/03/18/doctors-and-bull-and-bear-markets/
But, if there’s a potential bright spot, we have to look across the sea to the Eurozone, where the signs point toward an era of increased government spending that could be positive for global economic growth.
CITE: https://www.r2library.com/Resource/Title/0826102549
And then came October, 2021; thus far!
Bull -OR- Bear?
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RISK MANAGEMENT: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989
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Filed under: Glossary Terms, Investing, Touring with Marcinko | Tagged: bear markets, Bull and Bear Markets, bull market, Dictionary of Health Economics and Finance, Investing | 6 Comments »
THE BUSINESS OF MEDICINE
By Eric Bricker MD
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Filed under: "Ask-an-Advisor", "Doctors Only", Ethics, Experts Invited, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, Practice Management, Videos | Tagged: Business Medical Practice, employed physicians, Eric Bricker MD, fee for service, hedge funds, HMO, owned doctors, owned physicians, PPMC, PPO, Practice Management, Private Equity, private equity doctors | 1 Comment »
By Neal Freyman
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| The three Nobel Prize winners in economics show that science is happening all around us—if we’re willing to look. David Card, Joshua Angrist, and Guido Imbens, US-based economists who shared the prize awarded yesterday, helped pioneer the use of “natural experiments” to conduct studies on real-life situations as if they had happened in a tightly controlled lab. Here’s one example: Card is most famous for his and Alan Krueger’s 1993 study on the effects of minimum wage on employment. They compared fast food jobs in New Jersey, which had just raised its minimum wage from $4.25 to $5.05, to fast food restaurants in neighboring Pennsylvania. The idea was that NJ and PA are generally pretty similar, so any observed differences in the labor market could lead to important conclusions about raising the minimum wage. What did they find? That NJ’s higher minimum wage did not hurt job growth…and may have even increased employment. This shocked most experts at the time. Bottom line: Natural experiments are now ubiquitous in economics research, but only because these Nobel Prize recipients showed what was possible. —NF |
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Filed under: Breaking News, Experts Invited, Glossary Terms, Health Economics, Information Technology | Tagged: Alan Krueger, David Card, Guido Imbens, Joshua Angrist, Neal Freyman, Nobel prize, Nobel Prize Economics | Leave a comment »
By Ann Miller RN MHA
Good Morning
This is World Mental Health Week. Since one of the ways you can practice good mental health is to express gratitude, I’d like to express my gratitude to my friend and ME-P founder and executive chairman Dr. David Edward Marcinko for working to destigmatize mental health issues.
A lot of people look up to David. And they should—he started this ME-P from nothing and was relentless in building the company to the digital media ship it is today.
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RELATED: https://medicalexecutivepost.com/2021/07/28/mental-health-entrepreneurial-start-up/
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World Mental Health Week (3-8 October) is an international day for global mental health education, awareness and advocacy against social stigma. It was first celebrated in 1992 at the initiative of the World Federation for Mental Health, a global mental health organization with members and contacts in more than 150 countries.
This week, each October, thousands of supporters come to celebrate this annual awareness program to bring attention to mental illness and its major effects on peoples’ lives worldwide.
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Filed under: Breaking News, Career Development, Glossary Terms, mental health | Tagged: David Edward Marcinko, mental health day, World Mental Health Day | Leave a comment »
BY CMS
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International: https://medicalexecutivepost.com/2016/01/30/us-and-international-healthcare-comparison/
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Filed under: "Advisors Only", "Ask-an-Advisor", Glossary Terms, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: medicare abroad, medicare traveling abroad, overseas health care, Part D, traveling abroad | Leave a comment »
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