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Health City Sun
The
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New Mexico’s Legal & Financial Weekly
March 27, 2015
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Employment Growth May Be From Your Street
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here is no doubt the economy is healthier than it has been in quite some time. One has only to look to the news to discern that the U.S. is in the midst of an economic growth spurt. Underscoring a strengthening economy is that as of last month, according to the U.S. Department of Labor, 3 million more Americans were earning paychecks, compared with 12 months ago. And yet, even as unemployment rates are at an all-time low and at levels not seen in six years, there are still those who are struggling to find a job.
“Today 80 percent of investments in private companies are made within a 50 mile radius of that enterprise,” says YourStreet Funds CEO Stephen H. Watkins. “The problem is that Wall Street struggles to find these companies in an efficient manner.” That’s where the YourStreet Funds Independent Sales Organization (ISO) members come in. The sales member identifies these “faceless” companies who are on target for growth, but have capital needs too small to attract the attention of Wall Street, yet they typically need more capital than friends or family can spare to continue their growth.
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If this is the case for you or someone you know, opportunity may be closer than you realize. Here’s why: Currently there are approximately 500,000 U.S. companies with annual revenue between $5 million and $25 million dollars -- companies that have succeeded in getting start-up financing with the help of families and friends, but have since grown into needing more capital to continue.
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These companies, Watkins says, are where the “economic and employment growth for America will occur if given a chance.” “Unfortunately, this void of companies, this chasm, has few resources and places to go for continued financing,” he says. The answer, according to Watkins, is a joint effort between YourStreet’s ISO network identifying those companies in need and the regional and community brokers and sales reps across the nation. “Mortgage brokers in every community know all the companies that fall into this category, as well as the CEO’s and presidents of these growing companies,” says Watkins. “Through the ISO network, the YourStreet Funds reach a large number of profitable companies across the nation, companies who would like growth capital for their business, so that in turn, they can hire more employees.” For more information, visit yourstreetfunds.com. -(NewsUSA)
Your Medicare Advantage Could Get Cut
f you’re eligible for Medicare, you are eligible for Medicare Advantage (MA), a program that lets you sign on with a private insurance carrier that then gets paid by Medicare to take care of you. It’s popular; over 16 million, or about a third of Medicare-eligible seniors, chose this option. MA is a win-win for enrollees and insurers because it moves away from the fee-for-service model and toward a preventative care form of health care. Certain people in Washington, however, decided they were paying too much to the private insurers for some of the benefits and preventative measures, so, as part of the quest to find money to pay for other Washington priorities, they decided to cut the MA payments. In the last two years, they’ve cut almost 10 percent and they are proposing more cuts in 2016 and beyond. A just-released study by Oliver Wyman indicates that by 2016 these cuts will raise the premiums for 1.1 million seniors in New York an average of more than $120 a month. Two million seniors in California will see an increase of over $100 a month and 1.5 million in Florida will pay over $80 more a month for MA. That’s a big increase for people whose resources
are already stretched. RetireSafe, a national grassroots organization that advocates and educates on behalf of America’s seniors, sent an e-mail to its supporters asking them what they thought about these cuts to MA. It was inundated with replies; one responder said, “As a senior utilizing a Medicare Advantage program, I have already seen my benefits slashed.” Another said, “For one thing, it advocates ‘prevention’ rather than ‘after the fact’ usage of medical coverage. The SilverSneakers program keeps elders up and moving.” Even many members of Congress seem to be having second thoughts about these cuts, both Republicans and Democrats; 239 from the House and 53 from the Senate signed a letter saying the cuts should be stopped. Americans of all ages and either party are asking their legislators where they stand on this issue. You too can get involved. Call your representative and senators and tell them not to cut Medicare Advantage. Go to http:// medicarechoices.org/contact-congress to find their numbers. You can learn more about the problem and how you can be a part of the solution at www.RetireSafe.org.-(NAPSI)