Borrowing more and less savings!!. The Centre for Social Justice recently released a report called Maxed Out reveals a picture of a struggling British. Low income and low savings are affecting vulnerable groups like unemployed, aged people, single parents and people with low disposable income. These people are forced to spend the majority of their income for the basic needs.
According the latest reports in 2013 the amount of national debt which Britain hold is £1.43 trillion and this is very much equal to the nation’s whole economic output indication towards life of people are going …. The growing debt is causing disputes in the family and thus it is affecting the society also.
According to this report more than 7 million people are using various credit methods like payday loans, home credits and pawnbrokers. Surprisingly 1.4 million people do not have a bank account for the transaction and they are not taking part in the mainstream financial transaction! This results in poor families giving more surcharges on goods and services on a daily basis and the cost has been estimated as £1,280 per year.
The financially backward community is buying from private lenders and they will come around 310000. The default in repayment is treated harshly by this criminal gang even though it is an offense in Britain. Each year around 130,000 people are declared insolvent, in 2012, 1.7 million were registered for debt advice. Almost all in the UK has been found in one or other kind of debt.
The borrowing also has increased since 1993 by £207 billion. As a result the outstanding unsecured debt has increased from £52 billion to £158 billion since 1993. Here are some other startling accounts
• More than 8 million household do not have any savings!
• More than 5000 people go homeless due to the rent and mortgages
• Outstanding debt on credit cards has increased three times than in 1998 and in 2012 it is £55.6 billion
• 600,000 pay day loan were taken since the buyers did not have an access to credit
• Around 7 million people use high-cost credit
• One in twelve families takes credit from unauthorized money lenders
• Number of illegal money lenders has been doubled from 2008 to 2012
Tuesday, 26 November 2013
Sunday, 24 November 2013
Indian Vision on Healthcare
Published in Medgate Today. View it Here
http://www.medgatetoday.com/past-issues-nov-dec%202013.html
The World Economic Forum report on healthcare industry is all about its vision on the healthcare industry. The healthcare industry has tremendously grown since the last two decades especially in OECD countries it has grown beyond the GDP. This report encourages to look beyond the traditional healthcare trends and to adapt the changes which science and technology brings in. The truth is that healthcare industry is affected by the austerity measures established by various countries due to the economic crisis.
The success in the healthcare industry has given new challenges like
• Chronic illnesses
• Costly healthcare
• Prolonged treatment
Over the last 50 years the average annual rate of healthcare has grown to 2% and by 2050 the annual average cost is expected to grow by 50-100%. Healthcare system not only includes treatment and care but it includes policies, products and services which are designed for the prevention of the disease and for the wellbeing. What we need are the plans for a long term period even though a short term plans gives and immediate results but only for the time being. The gap between the supply and demand, population health and individual healthcare should be filled
.
What are the key factors that raise the healthcare costs?
• Ageing population
• Explosion of lifestyle diseases
• Rise in public expectations
• Lack of value consciousness among healthcare consumers
• Poor allocation of resources
• New therapies and technologies
• New strategies for better results
Health care System and Health System what are they?
Both terms are used interchangeably but they are two different terms. Institutions, facilities and people involved in delivering healthcare services come within healthcare systems. Whereas health system comprises of broad range of institutions and people who works beyond the traditional health sector who directly or indirectly influence the health of the society. Eg: Food and Beverages companies
Vision 2040
World Economic Forum conducted workshops in 5 countries in order to explore the possibilities of Sustainable Health Systems. The main question in this workshop conducted in China, Germany Spain, Netherlands and England was about the ideal health system in 2040?
The main concerns were
• Aspirations for the future
• Setting aside the current restraints
• Departure from traditional healthcare
• Relationship between individual and healthcare provider
• Greater patient responsibilities
All these can only be achieved through the support of media, technology, tele communications, educational and financial sectors.
Vision China
Chinese vision is healthy and harmonious society by 2040. Securing health system for nominal cost across the great cities and villages will be the target and this will be achieved through strong families, stronger communities and dedicated workers. They will target to eradicate chronic illness combining traditional and advanced medical knowledge.
Vision Germany
Germans envisage an efficient and good quality healthcare system that means a world class system. It should boost the economy as the German automotive industry. There will be full transparency in the quality and the cost of the care which they provide. Patients will play a greater role in improvement of the healthcare system
Vision Spain
The Spanish will target the eradication of lifestyle diseases. More concentration will be on the quality and safety standard across the system. They will be carrying out health literacy programs even including the children.
Vision Netherlands
The Dutch will bring up a greater healthcare system with the support of public. Through the public participation people will identify that healthcare is a responsibility and not a “right” and that will result in an effective healthcare system. Better healthcare initiatives will be rewarded. They will plan the healthcare system even to bring up export opportunities and thus boost economic activity.
Vision England
England’s values of access and equity will be reflected in national health. The healthcare delivery models will be dynamic and adaptable according to the changes in society and technology. Primary centre will be home and hospitals will be centre of excellence with skilled people. Patience will be at their discretion.
What should be India’s Vision for 2040?
India has improved a lot in healthcare but the infrastructure need to be improved a lot. There is a shortfall of around 600000 doctors in the service, lack of experts in technology, cost of the systems are the few challenges in Indian healthcare industry. Even though the child and mother mortality rate has come down we need to improve a lot here. The public is not fully satisfied with the service provided even in multi specialty hospitals. Government has to seriously see the healthcare industry and there should be strict guidelines for the operations in healthcare systems.
http://www.medgatetoday.com/past-issues-nov-dec%202013.html
The World Economic Forum report on healthcare industry is all about its vision on the healthcare industry. The healthcare industry has tremendously grown since the last two decades especially in OECD countries it has grown beyond the GDP. This report encourages to look beyond the traditional healthcare trends and to adapt the changes which science and technology brings in. The truth is that healthcare industry is affected by the austerity measures established by various countries due to the economic crisis.
The success in the healthcare industry has given new challenges like
• Chronic illnesses
• Costly healthcare
• Prolonged treatment
Over the last 50 years the average annual rate of healthcare has grown to 2% and by 2050 the annual average cost is expected to grow by 50-100%. Healthcare system not only includes treatment and care but it includes policies, products and services which are designed for the prevention of the disease and for the wellbeing. What we need are the plans for a long term period even though a short term plans gives and immediate results but only for the time being. The gap between the supply and demand, population health and individual healthcare should be filled
.
What are the key factors that raise the healthcare costs?
• Ageing population
• Explosion of lifestyle diseases
• Rise in public expectations
• Lack of value consciousness among healthcare consumers
• Poor allocation of resources
• New therapies and technologies
• New strategies for better results
Health care System and Health System what are they?
Both terms are used interchangeably but they are two different terms. Institutions, facilities and people involved in delivering healthcare services come within healthcare systems. Whereas health system comprises of broad range of institutions and people who works beyond the traditional health sector who directly or indirectly influence the health of the society. Eg: Food and Beverages companies
Vision 2040
World Economic Forum conducted workshops in 5 countries in order to explore the possibilities of Sustainable Health Systems. The main question in this workshop conducted in China, Germany Spain, Netherlands and England was about the ideal health system in 2040?
The main concerns were
• Aspirations for the future
• Setting aside the current restraints
• Departure from traditional healthcare
• Relationship between individual and healthcare provider
• Greater patient responsibilities
All these can only be achieved through the support of media, technology, tele communications, educational and financial sectors.
Vision China
Chinese vision is healthy and harmonious society by 2040. Securing health system for nominal cost across the great cities and villages will be the target and this will be achieved through strong families, stronger communities and dedicated workers. They will target to eradicate chronic illness combining traditional and advanced medical knowledge.
Vision Germany
Germans envisage an efficient and good quality healthcare system that means a world class system. It should boost the economy as the German automotive industry. There will be full transparency in the quality and the cost of the care which they provide. Patients will play a greater role in improvement of the healthcare system
Vision Spain
The Spanish will target the eradication of lifestyle diseases. More concentration will be on the quality and safety standard across the system. They will be carrying out health literacy programs even including the children.
Vision Netherlands
The Dutch will bring up a greater healthcare system with the support of public. Through the public participation people will identify that healthcare is a responsibility and not a “right” and that will result in an effective healthcare system. Better healthcare initiatives will be rewarded. They will plan the healthcare system even to bring up export opportunities and thus boost economic activity.
Vision England
England’s values of access and equity will be reflected in national health. The healthcare delivery models will be dynamic and adaptable according to the changes in society and technology. Primary centre will be home and hospitals will be centre of excellence with skilled people. Patience will be at their discretion.
What should be India’s Vision for 2040?
India has improved a lot in healthcare but the infrastructure need to be improved a lot. There is a shortfall of around 600000 doctors in the service, lack of experts in technology, cost of the systems are the few challenges in Indian healthcare industry. Even though the child and mother mortality rate has come down we need to improve a lot here. The public is not fully satisfied with the service provided even in multi specialty hospitals. Government has to seriously see the healthcare industry and there should be strict guidelines for the operations in healthcare systems.
Monday, 11 November 2013
The Billionaire Report
The world may be frying their brain behind the economic crisis, but for the billionaires crisis doesn’t matter. The number of billionaires has increased and so has the wealth creation.Billionaires are originating from new areas but most of them are based in London and New York.
The Wealth Report by Wealth –X says that the number of people with US$30mn or more in net assets has grown by 5% in 2012 or their number is assumed to be 8,700. Over the period of the next 10 years, there would be an addition 95,000 people are supposed to be will be added to the list of billionaires with a rise of 50% in the current net asset value of US$30mn which makes the total number of billionaires to 285,665
As per the Wealth Report by Knight Frank, there will be a growth by 96% in the number of billionaires in North America from the period of 2012-2022. HNWI population will grow by 32% in same time frame. In the US itself number of the billionaires will grow by 103%.
Africa had 35 billionaires in 2012 and will have 75 by 2020 which shows a growth by 117%. There are 543 billionaires in Asia already they will grow by 119% in 2020 and number of billionaires by 2020 will be 1191. Europe will have 1115 billionaires in 2020 that is growth by 57% than that of in 2012. In the Middle East there will be 203 billionaires and 2012 there were 140. North American billionaires in 2012 are 546 and by 2020 there will be 1146 billionaires. And in the Australasian region there will be less growth by 10% 45 in 2020. Altogether there will be 4076 billionaires in the world by 2020.
The countries where most of the billionaires live is the US, China, Germany, UK, India, Brazil, Russia, Hong Kong, Indonesia and Switzerland. The main cities billionaires prefer to live is New York, London, Tokyo, SanFrancisco, Los Angeles. Belgium, Mumbai, Hong Kong, Sao Polo, Rio de Genero, Delhi, Mexico, Osaka, Shanghai and Chicago.
In terms of investments billionaires prefer to invest more in equities, cash, gold, and government bonds where as corporate bonds were chosen less
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