Initial Nationwide, Not-for-profit Health Service Capitalization
U.S. TREASURY BOND COLLATERALIZED, NOT-FOR-PROFIT HEALTH SERVICE, PROJECT 76 CAPITAL NOTES:
Project 76’s competitive edge and strategy for capitalizing the above outlined initiatives is to be derived by virtue of it being the most prepared, motivated, best positioned and most resource capable non-profit in America interested in this area.
Project 76 will be in the best position to utilize its advantages either when the VA reveals its plans for the modernization of VistA, or when the New American Foundation announces its requested selection of an Advisory Board to oversee NAF’s initiative to develop a complete business plan for the launch and initial operations of a national, Vista Total Health Network of non-profit healthcare providers, whichever occurs first.
In the interim, Project 76 will be taking the steps necessary to position itself for the initial public financial offering in this connection, with the proceeds to be dedicated to general organizing and capitalization expenses for related corporate affiliate and subsidiary entities, and for other general corporate purposes pursuant to this initiative, including providing for information technology installation bridge loans, and capital infusion costs.
These initial capital costs include:
● The Vista Total Health Network;
● A national healthcare supply, equipment and solutions intermediary;
● A nationwide, healthcare information database, entity;
● “Nationwide Qualified Health” and “Consumer Operated and Oriented” insurance plan units;
● A capital markets, corporate finance and charitable fundraising affiliate; and
● A brand; and public, donor, consumer, and government affairs public relations unit.
Generally, Project 76’s capital market activities will entail credit market offerings of various structures, including but not limited to:
● “Subordinate Capital Notes;”
● “Senior Secured Sinking Fund Debentures;”
● “Zero Coupon Bonds;
● “Charitable Bonds;”
● “Contribution Bonds” and
● “Charitable Bond Funds;” and
● “Contribution Bond Funds,”
All of which to be available subject to strict complete compliance with all applicable securities laws and all applicable Securities and Exchange Commission rules and regulations.
Finally, any and all offerings of existing and/or authorized securities issued by Project 76 below listed characteristics:
● Safety;
● Liquidity;
● Competitive Yield;
● Indexed returns;
● Compound interest; and
● Tax advantages (in the event of related qualified, year of investment, charitable contributions).
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AlxHamiltn says:
September 12, 2011 at 9:21 pm
News from The Hill:
Obama proposes tax hikes on wealthy, business to pay for $447B jobs bill
By Sam Youngman
The White House said Monday that President Obama wants to pay for his $447 billion jobs bill by raising taxes on the wealthy and business.
Jack Lew, director of the Office of Management and Budget (OMB), said Obama’s entire bill, which the administration is sending to Congress Monday evening, can be paid for by raising taxes on the wealthy and business.
The chief provision announced by Lew would be to limit itemized deductions for individuals who make more than $200,000 a year and families that make more than $250,000, something the Obama administration has previously pushed to do through its budget proposals. Lew told reporters at the White House press briefing that this would raise about $400 billion.
For all the latest news:
Visit TheHill.com
Follow @TheHill on Twitter
AlxHamiltn says:
September 12, 2011 at 9:31 pm
This proposal is short-sighted, foolish and does the bidding of those elements who hate both “national” government and the ability of “public goods” being served by charitable contribution tax deductions (incentives)…
Unwittingly, President Obama is KILLING the very incentive for charitable giving that, almost single handedly(sp), has been the the primary impetus for the rich and super wealthy (most of whom, who HATE paying their fair share of taxes), creating the great Private Foundations and Public Charities that exist in in our country, today.
And explains why America is the ONLY major western economy with a significant, “Third, Non-profit” sector.
Progressives in the House and Senate should BLOCK the President’s uninformed effort on this FOOLS errand.
Home > Government/Industries > IT in Government News
Obama’s national health records system will be costly, daunting
But an electronic health records system could save the nation $300B a year
By Lucas Mearian
January 20, 2009 12:00 PM ET1 Comment
Computerworld – President Barack Obama has said that a national electronic health records system will be a priority in his first term, not just for streamlining workflow at hospitals and physician offices but to cut costs and improve the quality of health care.
And while he has pledged to invest $10 billion a year over the next five years on the effort, the price tag for such a system could be closer to $100 billion over the next 10 years, according to experts. They also note that sticking to his five-year timetable could prove to be daunting.
Money for the e-health records (EHR) system would come out of the $825 billion economic stimulus package Obama hopes to push through Congress.
“The magnitude of what we’re going to need to do on the Obama scale is just incredible to think about, when you consider linking all these medical records across all these different towns, cities, states,” said Dr. Charles O. Frazier, a vice president of clinical innovation at Riverside Health System in Newport News, Va. “We have enough of a problem with that in our own health system.”
In 2004, President George W. Bush called for establishing EHRs for most Americans by 2014. Bush created the Office of the National Coordinator (ONC) for Health Information Technology to lead the way. The ONC pushed several pilot projects and created standardized medical records. Even so, a survey of 2,700 U.S. doctors by the New England Journal of Medicine last July showed only 4% were using “fully functional” EHR systems; the rest are all still paper based.
Currently, only 25% to 35% of the nation’s 5,000 hospitals use — or are in the process of rolling out — computerized order-entry and medical record systems, according to Dr. David Brailer, who served as President Bush’s health information czar from 2004 to 2006. Full EHR systems include patient care order-entry systems and networks to share patient data between hospitals, primary care physicians and insurance companies, and to fill pharmacy prescriptions.
“It’s a multiyear implementation. Hospitals will have to make a sizable, potentially multihundred-million dollar budget commitments,” Brailer said. “But the $100 billion is a one-time cost over the course of a decade. That’s in an industry that spends $2.2 trillion a year now and 10 years from now will spend $3.7 trillion per year. So it’s a relatively small amount of money.”
Brailer said the nation stands to save between $200 billion and $300 billion a year once an EHR system is in place by cutting down on duplications, reducing errors that generate expensive care later, avoiding fraudulent claims and better coordinating care between primary care doctors, hospitals and specialists. The idea is “just to create a more efficient workflow,” he said.
Money an issue
To date, getting physicians and hospitals to spend money on EHR systems has been a sticking point.
Charlene Underwood, a member of the board of directors for Chicago-based Healthcare Information and Management Systems Society, said the Bush administration did a good job of getting the infrastructure in place, but “it didn’t move the needle forward on adoption.”
What’s needed now is money for record-keeping technology that doctors and nurses often do not have as well as provide point-of-service technologies, such as notebook tablets for convenient data entry into those EHR systems.
As with President Eisenhower and the capital investment that was/is the USA Interstate Highway System: Everyone sees the logic and common sense of it NOW but where were the visionaries when IKE was hanging out there on that limb looking out for the national interest, all alone?
The exact same situation with national health records infrastructure: America has ZERO chance of national government accomplishing what is clearly, likewise, in the public interest with respect to a nationwide health information database offering uniform access to standardized electronic medical records and all related information.
Who will pay? The “Coming Soon” Nationwide, Not-for-profit Health Service (or “NHS”).
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