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Day: September 30, 2016

Americans Without Health Insurance and Life Expectancy

A recent Harvard study concluded that approximately 45 thousand people expire in the United States annually due to their lack of insurance coverage or adequate healthcare. All in all, research has shown that American individuals who have not attained the age of 64 and are not insured are 40{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} more likely to die, compared to individuals who are insured.

Results of findings came during a time of heated banter in regard to democratic effort to make change to the United State’s $2.5 trillion health care industry and attempts to expand healthcare coverage amongst Americans while decreasing healthcare cost.

President Obama has tagged the healthcare face-lift a top domestic policy priority. However, his plan has been attacked by critics and slowed by feverish congress debate. Since there is so much money involved in healthcare and so much potential for loss, it is certainly not surprising that insurers and healthcare industries are in opposition to parts of the plan.

The Harvard study, funded by a federal research grant, was published in an online edition of the American Journal of Public Health. It was released by Physicians for a National Health Agenda, which favors government-insured or “single-payer” health insurance.

A comparable study in 1993 found that individuals without insurance had a 25 percent higher probability of death, according to the Harvard group. The Institute of Medicine later used that data in its 2002 assessment showing approximately 18,000 individuals a year died because they lacked coverage.

Part of the amplified risk now is due to the growing ranks of those who are uninsured. Roughly 46.3 million people in the United States lacked coverage in 2008, up from 45.7 million in 2007. Unfortunately, our nation has experienced record layoffs and downsizing in recent years. Thus, vaulting the number of individuals who must obtain individual coverage or keep their current coverage through a Cobra policy. Cobra is simply an extension of an individual’s previous health coverage (prior to layoff). However, where the employer would cover 50 percent (or more) of the insurance cost, the individual must cover the entire cost to be insured (upon going on Cobra). It is not surprising that many decide to go without vs. doubling their current cost to be insured.

Another dynamic is that there are fewer places for the uninsured to get satisfactory care. “Public hospitals and clinics are scaling back across the country in cities like New Orleans, Detroit and others” per David Himmelstein (Co-author of the Harvard study) and additional co-author Dr. Steffie Woolhandler alleged that the findings show that without adequate coverage, uninsured people are more likely to pass away due to complications connected with avoidable diseases like diabetes and heart disease.

County hospitals are not known for their speedy service or short waiting periods. In fact, in 2009 a Dallas business owner died while waiting to be seen in the county hospital. The individual (Mike Herera) entered the county emergency room suffering from his recurring hernia problem. When asked to provide his level of pain, Mr. …

Starting Your Own Check Cashing Business

If you are currently thinking about starting your own check cashing business, there are things that you first need to consider. The path leading from conceptualization to realization can be a scary and uncertain route, and it is difficult for most people to know the proper steps to take. In this article, we will give you the information that you need to know before starting your own check cashing business.

The first and often most difficult hurdle in starting your own check cashing business is the initial investment. On average, the start-up costs for a check cashing business can range anywhere from $50,000 to $150,000, and unless you have a substantial savings, you will need to have solid credit in order to secure financing. In addition to paying for a location and having funds available to actually cash checks, there are many other expenses that you may not think of initially. For example, you need to figure in the cost of computers, furniture, monthly expenses (electricity, heat, etc.), employees, insurance, rent, advertising, licenses, and fees just to name a few. In addition, by the very nature of dealing with money, a check cashing business needs to have certain security measures in place to keep both your assets and employees safe. This may require hiring the services of a check-scanning company (such as TeleCheck), security cameras, alarms, and special glass to protect your workers. As you can see, your start up investment will play a large role in determining future success.

The second thing that you must do before starting your own check cashing business is to acquire all of the proper licenses and permits. It is advisable that you check with your local and state authorities to make certain that you possess all the necessary documentation needed to operate a business. It is also worth mentioning that you will have to comply with the federal and state government’s usury laws, which are in place to prevent financial outlets from charging exorbitant interest rates.

Let’s say that you have cleared these first two obstacles; what step should you take next? You should now turn your attention towards hiring responsible, and more importantly, honest employees. It is crucial in a check cashing business to hire only the most trustworthy of people, so you should take any safeguard necessary to ensure this. This step should include an extensive interview as well as background and credit checks. Do not rush this part of the process just so you can open up your doors to the public. This is one instance where your patience and sound judgment will definitely pay off, and it could end up saving you a lot of money that could otherwise be lost to employee theft.

Starting your own check cashing business is a difficult and involved process. By covering all of your bases and following through on the information provided above, you should find yourself well on the way towards operating a successful and profitable check cashing business.…