PODCAST: Suicide Financial Crisis Risk?

Posted on September 26, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

By Rick Kahler MS CFP

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I lost over $450,000, I cannot pay the bank, I’ll become homeless. Suicide is the only way out.”

This desperate plea summarizes one of the top posts a few months ago on a Reddit forum for the cryptocurrency Terra Luna. Like other cryptocurrencies, it has recently lost more than 99% of its value.

Over the past five years I have written several columns and given a number of media interviews on the risks of speculating in cryptocurrencies. My most recent one generated a conversation with several of my financial planning peers about the recent crypto meltdown. One of them called my attention to the discussions about suicide on cryptocurrency forums, where some members were posting suicide prevention phone numbers.

READ HERE: https://kahlerfinancial.com/financial-awakenings/money-psychology/financial-crisis-and-the-risk-of-suicide

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COMMENTS APPRECIATED

Thank You

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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What is MEDICAL AID [Assistance] in DYING?

Posted on January 28, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

MAiD

By Staff Reporters

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Medical Assistance in Dying (MAiD) by Pam Dominguez

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Medical Aid in Dying [MAiD] is an end-of-life option for people who are terminally ill. Terminally ill means you have an illness, disease, or health condition that, according to doctors, you will likely die from within 6 months. If you’re eligible for MAiD, you can ask a doctor who participates in MAiD to prescribe life-ending medications. You can take these medications at a time of your choosing.

Medical Aid in Dying (MAID) is legal in eleven jurisdictions in the United States: California, Colorado, District of Columbia, Hawaii, Maine, Montana, New Jersey, New Mexico, Oregon, Vermont, and Washington.

But, only patients can make a request for MAiD. Family members, caregivers, and health care agents cannot request MAiD for a patient.

READ: http://tinyurl.com/yes7wbzm

NOTE: If you are struggling with thoughts of suicide or worried about a friend or loved one, call or text the Suicide & Crisis Lifeline at 988 for free, confidential emotional support 24 hours a day, seven days a week.

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COMMENTS APPRECIATED

Thank You

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PODCAST: Mental Health Conditions are Common

Posted on July 12, 2021 by Dr. David Edward Marcinko MBA MEd CMP™

Mental Health Conditions Are Common and Complicate Co-Morbid Medical Diseases As Well.

Image result for eric bricker

By Eric Bricker MD

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7% of the US Adult Population Has Depression.

Depression is Highest Among 18-25 Year Olds at 11%.

19% of US Adults Have Anxiety and 56% of Those with Anxiety Are Impaired By Their Condition.

12% of People with Diabetes Have Associated Depression… Resulting in Missed Appointments, Poorer Diet, Decreased Medication Adherence and Increased Complications.

To Address This Problem, The Intermountain Health System Incorporated a Mental Health Provider in Their Primary Care Clinics.

Results: Improved in Diabetes Care, Decreased Hospitalizations and Decreased ER Utilization.

Treating Mental Health Not Only Improves Mental Wellbeing, But Also Lowers Overall Healthcare Costs as Well.

Disclaimer: Dr. Bricker is the Chief Medical Officer of Virtual Care Company First Stop Health.

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MARCINKO ON MENTAL HEALTH START-UPS: https://medicalexecutivepost.com/2020/09/30/mental-health-entrepreneurial-start-up/

CITE: https://www.amazon.com/Dictionary-Health-Insurance-Managed-Care/dp/0826149944/ref=sr_1_4?ie=UTF8&s=books&qid=1275315485&sr=1-4

Your thoughts are appreciated.

NOTE: If you or someone you know is considering suicide, please contact the National Suicide Prevention Lifeline at 1800-273-TALK (8255), text “help” to the Crisis Text Line at 741-741 or go to suicidepreventionlifeline.org.

THANK YOU

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A Look at Suicide Statistics

Posted on April 29, 2011 by Dr. David Edward Marcinko MBA MEd CMP™

The Eleventh Leading Cause of Domestic Death

Courtesy Medical Billing and Coding [Infographics]

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One million people commit suicide every year. Suicide is the 11th leading cause of death in the US.

Japan

Japan also has one of the highest suicide rates in the industrialized world and these suicides are mostly attributed to unemployment and depression. It is the leading cause of death for Japanese people under 30; many choose to jump in front of trains as a suicide method. When suicide hotlines were set up in Japan, 1300 calls a week were received.

Assessment

This is a staggering number in Japan, and it signifies the importance of obtaining a job for people, since unemployment and depression are popular reasons for suicide.

Link: http://www.medicalbillingandcoding.org/a-look-at-suicide-statistics/

Conclusion

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About Suicide Economics

Posted on November 12, 2008 by Dr. David Edward Marcinko MBA MEd CMP™

Thinking the Unthinkable

By Dr. David Edward Marcinko; MBA CMP™

Staff Reporters

According to the Wall Street Journal, November 5, 2008, voters in Washington State just passed an initiative legalizing physician-assisted suicide.

Passed by a Margin of 3:2

A state measure known as “Initiative 1000” passed by a margin of 59% to 41%, making it legal for doctors to prescribe a lethal dose of medication for patients with less than six months to live. The law is packed with provisions intended to limit the practice. For example, patients must make two separate requests, orally and in writing, more than two weeks apart; must be of sound mind and not suffering from depression; and must have their request approved by two separate doctors.

The Oregon Experience

However, doctors are not allowed to administer the lethal dose. In Oregon, the only other state with a similar law, some 341 patients have committed physician-assisted suicide in the 11 years the law has been in effect.

Economics of Assisted Suicide

Decades ago, the economist John Maynard Keynes’s suggested that saving may be a private virtue, but a public vice. According to Keynes, a community that seeks to increase its rate of saving would end up impoverishing itself and actually saving less. But, the community that increases its consumption at the expense of saving would end-up being richer and saving more. This proposition is frequently stated in macroeconomics textbooks as the “paradox of thrift.”

Assessment

The average lifespan, in the US, was about 67 years when Medicare was passed. It is about 78 today. Rising healthcare costs are led by this longevity. In other words, death financially supports survivors.  

Conclusion

And so, is “Initiative 1000” a human socio-economic metaphor for the “thrift-paradox”; please opine and comment?

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com 

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