Financial advisors can use clients' biases to reframe how they view retirement investing, says Jonathan Young of Capital Group. Young highlights three biases -- present bias, procrastination bias and compounding blindness bias -- and shows how advisors can present information differently to overcome them.
Small businesses that treat employees well find workers perform better and stick around, writes Mark Zweig, entrepreneur-in-residence at the University of Arkansas College of Business. Zweig shares six ways to cultivate employees, such as giving them freedom and responsibility, creating financial incentives, and leading by example.
Financial advisors looking to get and keep clients' children with their company can take a page from health insurers and offer free services until age 26, writes Samantha Russell of FMG Suite. She recommends tailoring services to the children's needs, setting parameters on free offerings and being clear about what will change at age 26.
A World Health Organization report titled Ethics & Governance of Artificial Intelligence for Health warns about the risks of overestimating the benefits of artificial intelligence in health care at the cost of investments and strategies to achieve universal health coverage. The report, developed by a panel of experts, outlines six consensus principles for ensuring AI works to the public benefit and does not subordinate patient and community rights to commercial interests or government surveillance and social control.
US lawmakers reintroduced legislation to allow Medicare beneficiaries greater access to chronic care management, including care plans and medication provisions. "It's unfortunate so few seniors access this benefit, and I believe dropping the cost-sharing requirements will change that," said Rep. Suzan DelBene, D-Wash., a lead sponsor of the Seniors' Chronic Care Management Improvement Act.
The CMS expects average monthly premiums for Medicare Part D prescription drug coverage to rise to $33 in 2022 from $31.47 this year. The announcement comes as the CMS and Congress explore options to address drug prices.
The nonprofit Digital Health Measurement Collaborative Community -- a coalition of 35 technology companies, associations, drugmakers, government agencies and research institutions -- aims to promote equity in the digital health sector by ensuring that technology is developed with the input of a diverse group of users. The group is also creating standards and best practices for measuring inclusivity in health technology development and commercialization.
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And that's the world's biggest problem: the future is seen as someone else's concern.
David A. Sinclair, biologist, professor of genetics
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