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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY
#Monetary Sovereignty – Mitchell
Economics, Money and Debt

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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY

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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY
Almost Half of Medicare Patients Can’t Afford a Single Hospital Stay New University of Pennsylvania research highlights growing health care affordability crisis. By Huey FreemanRead that headline again. Digest it’s meaning. You have original Medicare. You are sick. But you can’t afford to go to the hospital. And you are not rare. Almost half of Medicare patients are just like you. What the hell??
Americans who rely on Medicare to pay for hospital stays are often unable to pay the cost of the standard deduction,sometimes producing a financial shock.

Researchers at the University of Pennsylvania Perelman School of Medicine found that almost half of such patients have insufficient funds to pay the $1,600 payment, the standard out-of-pocket cost.Why, the out-of-pocket cost? Here are reasons given: Medicare doesn’t cover 100% of costs for several reasons:
5. The politicians are bribed by the rich (via campaign contributions and lucrative jobs) to widen the income/wealth Gap between the rich and the rest. The Gap is what makes the rich wealthy, and the wider the Gap, the wealthier they are.
Federal funding for health care narrows the Gap, so politicians invent excuses to claim it can’t be done.
Even beneficiaries with incomes above the federal poverty level sometimes cannot meet this expense after depleting their savings, according to the study results published in the Annals of Internal Medicine. However, the financial burden extends far beyond just the poorest Americans. “Many Medicare beneficiaries with modest incomes are at risk for financial hardship from costs of a single hospital stay,” the researchers wrote.Think of yourself as a billionaire, and one of your kids can’t afford medical treatment. Would you allow him to go bankrupt? The federal govenment would.
“Nationally, 36 percent of beneficiaries report difficulty paying medical bills or delaying care due to cost concerns, and those with multiple chronic conditions and serious illnesses are at particular risk for high out-of-pocket costs and economic hardship,” they noted. While Medicaid (not Medicare) and private supplemental insurance can help cover these costs, qualifying for such assistance often requires proving extreme financial hardship.First, you must be destitute and prove it.
Patients must prove that their income is at or below the federal poverty level—currently set at $15,060 for individuals and $20,440 for couples in 2024. There are also asset limits of $2,000 for individuals, and $3,000 for couples.
However, some (red) states have set higher thresholds, extending Medicaid limits to 138 percent of the federal poverty level.Why is there a need for Medicaid. Why not Medicare for All?
Additionally, access to full Medicaid benefits, including long-term care, depends on income criteria that varies by state—typically ranging from 75 to 100 percent of the federal poverty level.Why should there be income criteria? Why must people go broke to be healthy?
Compounding the problem, fewer Medicare beneficiaries now carry supplemental insurance compared to previous years.It’s too costly because it’s private, for-profit insurance
Among the 4,881 beneficiaries included in the Medicare study, 45 percent lacked sufficient funds in their checking and savings accounts to pay the Medicare hospital deductible.Intolerable for the United States of America, a Monetarily Sovereign nation that acts like a 3rd world nation.
Seniors face many hardships resulting from health challenges that extend beyond just medical bills, according to Helen Levy, associate professor at the University of Michigan’s Institute for Social Research. Levy’s research identifies three main channels that lead to lower quality of life for seniors: decreased income, increased medical expenses, and the direct effects of health symptoms themselves. “The first two of these—lower income and higher medical spending—are much less quantitatively important than the third; in a nutshell, poor health makes it harder to get by with less,” Levy wrote in her article on the effects of poverty on older Americans.

The key question that arises from this new study is how to respond to this insight, Dr. Chad Savage, an internal medicine physician, told The Epoch Times. “A common reaction is to expand insurance policies or government programs to cover an ever-growing range of medical costs,” said Savage, a member of Samaritan Ministries Inc., a group whose members share medical expenses. “However, this approach would increase the cost of coverage, thus, diverting more of the patients’ limited resources toward taxes and insurance premiums, and ultimately, depriving them of the funds they could have used for direct medical expenses.”Dr. Savage’s comments are based on the wrong claim that the Monetarily Sovereign federal government cannot afford to fund a comprehensive Medicare for every man, woman, and child.
“The real issue, however, is why Americans remain so unprepared for medical expenses when they inevitably arise,” Savage added. “A legislative solution to address this could involve incentivizing proactive savings for medical costs that will inevitably occur as part of life.” “By creating incentives for Americans to contribute to Health Savings Accounts (HSAs) or Medical Savings Accounts (MSAs), they could gradually build up funds to cover out-of-pocket expenses for their own medical care when needed,” he said.Dr. Savage is totally divorced from reality.
Free comprehensive Medicare for All.
Cover everything that Medicare Advantage covers, but do it in original Medicare. One program for all health needs.
No FICA payroll tax deductions. No fake “trust funds” (that aren’t trust funds). More generous payments to providers to attract more people into the field and more hospitals and clinics.
The federal government not only can afford it without collecting one additional penny in taxes, but the money spent by the government would grow Gross Domestic Product. And no, it wouldn’t cause inflation. See why. The Dr. Savages of the world seem to reverse reality. They think people’s purpose is to improve and protect the government, while the government’s desires come first. It’s nuts. But as I repeatedly have said, there is a penalty for ignorance, and the people of America are paying it. Rodger Malcolm Mitchell Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell; MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell; https://www.academia.edu/……………………………………………………………………..
The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY

PROS Reduces Poverty: UBI can help lift people out of poverty by providing a guaranteed income, ensuring everyone has enough to cover basic needs.
Improves Health: Studies have shown that UBI can improve physical and mental health outcomes by reducing stress and anxiety.
Simplifies Welfare: UBI could replace or streamline complex welfare systems, reducing administrative costs and eliminating the stigma associated with receiving benefits.
Encourages Entrepreneurship: With a financial safety net, individuals might be more willing to take risks and start new businesses.
Supports Unpaid Work: UBI can provide income for non-working parents and caregivers, recognizing the value of traditionally unpaid roles.
CONS High Cost: Implementing UBI could be extremely expensive, potentially requiring significant tax increases or reallocation of funds from other programs.
Potential Work Disincentives: Some argue that a guaranteed income might reduce the motivation to work, although studies suggest this effect is minimal.
Inflation: There is a concern that UBI could lead to inflation, as increased purchasing power might drive up prices.
Political Feasibility: Gaining political support for UBI can be challenging, as it requires a significant shift in public policy and mindset.
Implementation Challenges: Integrating UBI with existing social programs and infrastructure could be complex and difficult to manage.
Basic Income Gives Money without Strings. Here’s How People Spend It Pilot programs across the U.S., including new research funded by OpenAI, offer a glimpse of how a universal basic income could improve lives By Allison Parshall In 2020, amid widespread layoffs and economic turmoil brought on by the COVID pandemic, 1,000 low-income people in Texas and Illinois were selected to receive $1,000 per month—with no strings attached—for three years as part of a study on guaranteed income by OpenResearch, a nonprofit research organization funded in part by OpenAI and its founder, Sam Altman. Sara Kimberlin, executive director of the Stanford Center on Poverty and Inequality said Founding father Thomas Paine advocated for it in The Rights of Man. Martin Luther King, Jr., called it the solution to poverty. Even economist and free-market capitalist Milton Friedman suggested basic income in the form of a “negative income tax.” Kimberlin says, pointing to a “large body of research” that participants increased spending to meet their basic needs and to help family and friends. A separate study published online in July in the Journal of the American Medical Association also found that cash benefits reduced emergency room visits. Evidence suggests that when people’s most basic needs are met, they start to build a firmer financial foundation for themselves and their family. If you don’t have access to stable, safe housing, health care or food, that interferes with your ability to be a productive workeror to take care of your family. And if you’re a child, that interferes with your ability to concentrate in school. When food stamps are introduced in a particular area, the outcomes for the families improve. Children whose families received the Earned Income Tax Credit when they were young had more positive long-term educational outcomes. Why provide cash, as opposed to food stamps or rent assistance? Cash is flexible. People can use it to meet whatever their most pressing need may be. It’s an efficient way of addressing people’s needs, and it also gives people a lot of dignity and autonomy in deciding how they’re going to use it.Rather than having a Washington bureaucrat determine the needs of strangers living far away, trust the people to understand their needs and address them if they can.
It helps to avoid situations where someone may already have resources designated to pay for food but needs, for example, emergency child care. If they don’t get it, then they can’t get to their job, which could cause a lot of disruption down the line by making them miss a paycheck, then miss the rent. You can look at unconditional cash as a potentially very promising way of approaching social support because it streamlines the administrative costs and makes it easier for people to access the support they are eligible for. The most common uses of the funds were to cover basic needs such as housing, food and transportation. (There) was a significant increase in people spending money to help their friends and family.There are some effects of this program that are not fully captured in the results. There’s a ripple of positive effects that are going out beyond the direct recipient. Is just giving people money really a viable solution to poverty?One factor that could change results is the amount of money given as basic income. I suspect there would be vastly different results if everyone was given, say, $10.000 a month rather than $1,000. ADDRESSING THE CONS Every support program has been criticized for supposed high Cost, Potential Work Disincentives, Inflation, Political Feasibility, and Implementation Challenges. Franklin D. Roosevelt faced these objections when he instituted Social Security, and Medicare has faced the same objections. These objections were why Social Security was unnecessarily tied to the FICA tax, which doesn’t fund the program but limits it. High Cost: The federal government has infinite money to pay for infinite benefits. This is Monetary Sovereignty. In fact, the higher the cost, the more growth dollars the federal government will pump into the economy, benefitting the entire nation, not just the poor. Potential Work Disincentives: The rich love to ascribe this to the poor. You never hear about someone making $100,000 a year not getting a raise because it would disincentivize him from working. Only the poor are accused of being so lazy that no longer faced with grinding poverty, they will decide to quit work, perhaps loll about, sleep late, and take drugs. It’s a phony insult that has had no basis in fact. It has not been the result of other anti-poverty measures. Inflation: We have discussed this many times before. Contrary to popular myth, inflation is not caused by too much spending. Inflation is caused by shortages of crucial goods and services, mostly oil and food. The most recent inflation was due to COVID-related shortages of oil, food, computer chips, shipping, metals, lumber, labor, and other essentials. As these scarcities end, so does inflation. The notorious Zimbabwe hyperinflation was a food-shortage situation. (The government stole farmland from farmers and gave it to people who didn’t know how to farm.) Political Feasibility: The rich hate any program that narrows the income/wealth/power Gap between them and the rest of us. So they bribe the politicians (via campaign contributions and lucrative non-political income), the economists (via university endowments and jobs with think tanks), and the media (via ownership and advertising revenue) to spread disinformation about anti-poverty efforts. The solution is to know the truth, tell the truth, and to find an effective leader to promulgate the truth. Implementation Challenges: There are no challenges. We already know how to administer Social Security and Medicare (which is a huge challenge) and have already sent checks to the public.
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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY