My Personal Finance Blog

There’s much debate around the healthcare system reform proposed by President Barack Obama. And while there are many people who protest against it, and those who support it, it is important to know what it is all about in the first place. Here is a short overview of the reform, which is comprised of three essential parts:

1. Assure all American citizens with access to comprehensive and affordable health coverage

The main features of this part are:

• New Public National Health Plan, which will be very close to the current health coverage provided to federal employees. The main difference is that the new plans will be available to all US citizens for a reasonable price no matter of their financial situation. Deductibles and co-payments will be reduced to minimum, while low-income persons will have the possibility to use additional subsidies.
• National Health Insurance Exchange, which will allow US citizens to look for private health plans. It will set regulations on private insurance providers in order to make sure that private plans are not too different form public ones.
• New business mandate requiring national enterprises to pay for the Public National Health Plan.
• Individual mandate aimed specifically at children.
• More support provided to existing programs like Medicaid and SCHIP.

2. Improve the quality of healthcare services and lower their costs

This initiative presumes federal financial assistance for improving the quality of the services and lowering the costs, with additional assistance to enterprises that cover high-risk employees.

To President’s belief the following actions may also contribute to lowering cost and improving services:

• Special disease management programs for improving chronic care.
• Improving transparency in what concerns quality and costs of healthcare offered by providers.
• Lowering the rates of medical errors.
• Introducing financial incentives to stimulate substantial improvements.
• Providing support for researching new and alternative healthcare technologies.
• Eliminating ethnic disparities in access and quality of healthcare services.
• Popularizing health IT.
• Stronger regulation of insurance and drug markets in order to lower medication costs and allow cheap health insurance.
• Preventing Medicare private plan participants from overpaying.

3. Wellness and healthy lifestyle promotion

This initiative is to be supported through the following actions:

• Special wellness programs at working places.
• Eliminating child obesity with school activities.
• Better education for present and future healthcare workers.
• Promotion of healthy lifestyle in communities.

Saving possibilities with the new initiatives

President Obama estimates that in average a typical American family will be able to save about $2,500 on an early basis after the plan will be implemented. These are the possible sources for such savings:

• Health IT introduction and implementation.
• Improved quality of services.
• Limitations on health insurance provider profits.
• Federal funding of catastrophic coverage that will lead to cheap health insurance.
• Universal coverage availability.

As you can see the Plan requires significant federal funding and that is one of the major points of those who are against it. Other arguments include direct implication to health insurance market, which of course is not quite welcome by the insurance companies. But is the idea of cheap health insurance for everyone that bad?

We’ve all read internet ads that prey on folks who are looking for a way to make extra money or be able to quit their regular jobs. I’ve seen hundreds of these, and researched many of them. Believe me, most do not live up to the hype once you read the fine print.

I have my own internet business, and I didn’t just download a free website, push a button, and watch money start filling my bank accounts. I love my business, but I work hard at it.

I have, however, recently researched private gifting clubs. Some are definitely run better than others. Below you’ll see how easy it is to be successful at cash gifting if you have the right tools. Someone should have thought of this (and run it this well) a long time ago!

Giving private gifts to one another is an expression of kindness, which has been going on for centuries. Governments have allowed its practice for individuals to share their wealth with families, friends and others.

The concept of private gifting is based upon the fact that American citizens have the Constitutional right to gift property, cash and other assets, and are subject to the rules and regulations established by the laws. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511.

The law states that one or more individuals can give a gift to another individual of up to ,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient.

Visit www.giftingcycle.com for details about how my favorite cash gifting private club works.

No, this is not a pyramid scheme. A pyramid is associated with a company or a business. www.giftingcycle.com is not a company, just a private sharing club. We have no sales quotas, we do not sell positions and we do not have an ever-widening base to the structure, which just keeps going and going. A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone gives the same gifts, works together in team dynamics and receives the same gift. In a pyramid, only those at the top profit while those at the bottom never reach the top. In a pyramid, people can and have lost their money.

Gifting has changed countless lives for the better. People who were about to lose their cars and homes have been saved from financial ruin, college educations have been made possible, and nearly forgotten dreams have come true, all from participation in gifting. Gifting is the fastest way to generate cash.

No. There is no selling, no solicitation, no pressure and no coercion. It is simply a matter of sharing what is in your heart, of sharing your own reasons for becoming a participant, and your own experiences. We hold live Workshops to answer questions for your Invitees, therefore you don’t have to do any explaining.

There are a few programs to choose from, but after a lot of research, the absolute best I’ve found is at www.giftingcycle.com. You can participate part-time or full-time and you can listen to live calls with participants before making any decisions.

I just wish I’d found this one earlier! I’m so excited about it, I’m sharing it with everyone.

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