EXCERPT: The insurance industry is an old industry, with a lot of contradictions–it’s one where the more claims insurers pay to help customers, the less money the insurers make–and it’s also one that hasn’t been disrupted much yet by technology. Is it possible to use technology to replace the age-old system currently in use in insurance? That’s what Los Angeles-based Eusoh (www.eusoh.com) is hoping to do. We caught up with Allen Kamrava, the CEO and founder the startup, to learn about how the company is building a consumer platform that allows assembled and self-selected groups to form for the purpose of sharing unexpected costs of life. The startup has so far launched in the veterinary vertical–but has plans to go much bigger. Read More
From EconomyUp (IT), “
Sharing economy, le startup più finanziate sono cinesi e puntano sulla mobilità”
EXCERPT: Nel P2P Lending, per esempio, sono state identificate e ospitate al Workshop Eusoh (startup californiana) e YourDesk: la prima, presentata da Allen Kamrava, CEO e Founder, è una nuova piattaforma che fornisce un modo trasparente per la condivisione delle spese inaspettate utilizzando una tecnologia scalabile e il potere della comunità.
From Insuretech Australia, Eusoh listed as a Member.
EXCERPT: Afraid of running into unexpected veterinary bills for that new puppy? A new, Los Angeles-based startup, Eusoh, is hoping to make it easier for people to handle unexpected veterinary costs, by banding people together in groups to help provide an alternative to traditional, insurance plans. The startup, led by CEO and founder Allen Kamrava, says it is backed by $2M in seed funding, which was raised back in September of 2017 through mostly friends and family. Eusoh says it is building a consumer platform that allows assembled and self-selected groups to form for the purpose of sharing unexpected costs of life. Read More
From NKLA, “The Sponsors of the 2018 NKLA Super-Adoption Event”
EXCERPT: Best Friends Animal Society’s NKLA Super Adoption, presented by BOBS from SKECHERS®
with support from Petco Foundation, Instinct, Cuteness, Petplan Pet Insurance – North America, KTLA, KAMP & KNX Radio, Pet Food Express, Catit and Eusoh. Read More
Golden Retrievers. If there was a perfect dog that represented America it would be the Golden. This friendly breed has been the star of films such as Disney’s Homeward Bound and the highly recommended and globally loved Air Bud film series. They are an aesthetically pleasing dog with their bright golden fur and an infectious smile on their face constantly.
If you have small children, Golden Retrievers are quite possibly the best breed of dog for kids to grow up with. Now, the Golden is an overly energetic and rambunctious breed; There may be cases where a Golden may run into a child in an energetic fit or jump on a child sorely out of pure love and affection. There is no better breed of dog that could teach a kid responsibility and patience.
Golden Retrievers Are All Over The Place
Now here’s a picture of Kopi, my beloved Golden Retriever. This is a picture of her when she was 7 months old. As you can see here, the picture is very blurry. The reason why is because she couldn’t stay still in her younger years.
She’s named after the hockey player, Los Angeles Kings All-Star center, Anze Kopitar. Kopitar, the hockey player, is known for his offensive and especially his defensive prowess. He is literally all over the ice the moment whistle goes off. And like her namesake, Kopi is all over the yard the moment I take her outside.
From her younger days up until now (she’s about 8 years old), Kopi loves to run. She loves to run fast, and she loves to run all over the backyard. And then she continues to run circles, then stops and starts barking at the birds, the neighbor’s dogs or the jets flying above our house. And then she gulps down a big bowl of water only to go through her routine of running, barking, and bothering me.
This is a dog that wants to play, run, and most of all, serve you. You want to teach a child patience? Give them a Golden Retriever to chase after and make follow directions. It can be interesting, but it can be done.
Golden Retrievers Are Mouthy
Goldens are Goldens because of their appearance. But why are they retrievers? Simply, they are sporting dogs. They became popular as sporting dogs in Great Britain, where they mostly used in wildfowl and small game hunting. They literally “retrieved” wildfowl and small game in places where a hunter could not go. These places were shallow lakes, cliffs, and ravines.
The other aspect of being a retriever is its mouth. This breed was designed to able to carry many objects, game, and other delicate items in its mouth. A Golden Retriever can carry an egg in its mouth without it even breaking. As impressive as that is, the Golden Retriever has an extended and more advanced teething stage where it (in my experience) had to put its mouth on everything. It wasn’t biting; I felt no pain when my Golden wrapped its mouth around my hands, wrists, ankles, and feet. It is just a stage that Goldens go through.
This is where discipline and training are needed. And this is a great lesson for children when dealing with a Goldens at this stage. When they get mouthy or start nipping at your fingers and toes, it is best to be demonstrative and yell “No!”, or “No Biting”. It could also help to hold their mouths closed as you say “No Biting”. This is not being abusive but rather acting as an alpha or dominant figure. Sometimes, young Goldens tend to bite and nip when fearful. This is where one must be protective, caring, yet dominant with their Golden.
As Goldens Get Older
Hopefully, you have enjoyed a long time of running, playing, belly rubs, and games of tug-of-war with your Golden (I know I have.) But they do get older and they do slow down. Of course, it has to do with age but also there are common health problems that Golden suffer from such as hip-dysplasia and cataracts. According to PetMd, hip replacements could cost from $3,500 up to $7,000 per one hip, with the similar price tag on a cataract surgery. Check with your veterinary provider or your pet insurance plan to see what can be covered. Or register at Eusoh to see how crowd-sharing works in the pet care sphere. Eusoh is a new service allowing consumers to share together expenses such as treatments for your Golden Retriever. Everyone wants a few more years with their trusty, energetic, and loyal companion. Make sure you have the means to make that happen.
Single payer healthcare is the popular option right now according to a Washington Post-Kaiser Family Foundation poll that reported 51 percent of Americans support it while 43 percent oppose it. The poll was conducted between January 22-February 24 of 2018 with the results published on April 12, 2018, in the Washington Post. Despite what the results of this recent poll declared, the United States is a long way from a tried and true single payer healthcare system.
Single Payer Healthcare. What Exactly Is It?
From your staunch conservative all the way to your ardent “Bernie-bro”, every politically-minded individual has an opinion on single payer healthcare. But before we continue on the subject of single-payer healthcare, let us first define what single payer is. The most popular online resource of the 21st century, Wikipedia, defines single payer as 1“a healthcare system financed by taxes that covers the costs of essential healthcare for all residents, with costs covered by a single public system (hence ‘single payer’).”
Elements of single-payer healthcare are:
Single payer is a government (federal or state) takeover of universal healthcare. This is similar to the current healthcare systems in the United Kingdom (N.H.S.) and in Canada.
Private health insurance would not be an option for residents.
The single payer healthcare system would be funded by taxes.
Given the characteristics of single payer healthcare, the question now is whether it can be implemented in the United States. There are a handful of lucrative, successful insurance conglomerates that currently dominate the healthcare sector. Therein lies the first impediment to implementing single payer healthcare: The current system will be opposed by the likes of Kaiser, Humana, and Aetna. Obviously, large conglomerates of a specific business sector will have the resources to oppose any legislation that may dissolve their current business. They will have the time, the money, and the political influence to keep the single-payer debate going indefinitely or even squelched.
Recent Democratic Presidential candidates support a single payer healthcare system. One particular candidate, Senator Bernie Sanders of Vermont, proposed a bill titled, “Medicare For All”, which expands Medicare beyond residents over the age of 65. Aside from expanding Medicare, Senator Sanders’ plan also involves:
Eliminating deductibles, copays, and premiums.
Eliminating private insurance companies. This would be eliminating residents’ choice of private or public healthcare.
Expansion of Medicare in phases. 1st year, Medicare would be available for resident 55 and older. And in subsequent years, the age minimum would be lowered by ten years, (Ex. The following year, the plan would expand to residents 45 years and older.)
Vision and dental would be covered. Currently, both are not covered by Medicare.
Another impediment to Senator Sanders’ plan for single payer is how ‘Medicare for All” will be paid for. The Vermont Senator has yet to come up with a definite plan for funding but he proposed a 7.5 percent payroll tax on employers, a 4 percent individual income tax and an array of taxes on wealthier Americans, as well as corporations.
Let’s recap. Senator Sanders’ plan is not yet “rock solid” on funding, or rather the taxing of citizens for his bill. Private insurance companies would be eliminated. Citizens would lose the ability to choose private and publicly run healthcare. And billion dollar healthcare conglomerates, 2who are now merging with even bigger retail conglomerates like CVS and Walmart, would be out of business or unduly written out as an option.
Another factor: The Affordable Care Act, colloquially called “Obamacare” is still supported by Americans. This same Washington Post-Kaiser Family Foundation poll estimated 53 percent of Americans are still in favor of the public healthcare act even with the Trump Administration attempting to “chip” away at it.
More factors: Both houses of Congress are Republican controlled, which will obviously put any single payer healthcare plan on the backburner. Any still, Senator Sanders’ plan had 16 Democratic cosponsors backing it. It will take a lot more Democrats and more than likely a few Independents and Republicans to turn in order to make single payer into reality.
Do you honestly believe with all those factors, single payer can happen or even can be phased into reality? It’s a possibility but close to impossible as the insurance companies will put up a fight for their literal lives when Sanders’ bill gets debated. The “right to choose” between private and public healthcare will be an issue as it is heavily correlated with what is considered the utmost American value, “freedom”.
How Technology Can Help
Will single payer solve the issues that healthcare ails from? Well-respected economist and billionaire, 3Warren Buffett, describes healthcare as a “tapeworm” infecting the American people and its economy. It will take more than a well written and well-constructed bill and trillions of tax dollars to solve healthcare. It may take the dissolving of the health insurance industry or a concerted effort to improve the current system.
Whether healthcare is a right or a privilege is not a question that has a correct answer. Modern technology has given us ways to connect people directly for the purpose of sharing unexpected costs of life whether it’s a health emergency, car accident or necessary home repairs. Eusoh was created based on the concept of providing better access to care without the expensive and burdensome legacy middlemen, aka private and public insurance companies. At Eusoh, we connect people directly together and provide them with all the protection, transparency and guarantees they should expect. so that groups of people, not just individuals, have a platform to share expenses. No bills have to be drawn, no debates and no filibusters on the House floor. Eusoh’s technology allows people to share and manage costs with the utmost transparency.
A recent Bloomberg article1 highlights a unique and rather large issue with the current U.S. healthcare system. This issue is the literal and unending amount of administrative staffing and its subsequent paper trail. In essence, the costs of administration, billing, settling payments are three times as much as in other affluent, developed countries.
How Bad Is The Red Tape?
When most people think of the healthcare system, they imagine care providers from nurses to doctors to pharmacists, etc. Little do they know, the current healthcare is exponentially more than that. According to the Bloomberg article, For every $1 billion in revenue, the healthcare system employs the equivalent of 770 full-time people to settle the bills.
Generally, administrative costs involve procedures such as pushing a claim through different levels of the system, processing bills, answering patient phone calls and emails, chasing after unpaid bills and also, paying the large salaries of the administrators of insurers, marketing and executive hospital staff.
“Duke University Hospital has 900 hospital beds and 1,300 billing clerks. The typical Canadian hospital has a handful of billing clerks. Single-payer systems have fewer administrative needs.” David Cutler, PBS Newshour (link)
Here’s a stat: Administrative costs in the United States healthcare systems account for 25 percent of total hospital spending. These same costs in other countries account for 12 percent of spending in Canada, 16 percent in England, and 20 percent in the Netherlands.
Experts in the field recommend standardization. This would involve standardizing billing practices along with updating and modernizing the computing systems of administration. Naturally, the transition to one unified standard in the American healthcare system would be daunting and will come with setbacks. But the end game would be a more efficient, more streamlined system that will pay off in years to come.
Standardization in healthcare has been visited before. The federal government proposed in 1996 (through the Health Insurance Portability and Accountability Act) preliminary standards for the electronic processing of claims, payments, and other bills. Unfortunately, it wasn’t enough as insurers needed to extract more information from patients. The Affordable Care Act of 2010 gave incentives to providers to adopt more advanced electronic records.
It may be some time until the entire system becomes standardized. There are certainly hurdles to that, starting with the insurance companies. Add to that the changing of the computing system and the importing records to this proposed standardized system could be difficult as well. Most of us will be deadlocked with this current system. This is where Eusoh can play a part in eliminating administrative costs all together. Hence, keeping expenses down for both healthcare providers and patients. By engaging and sharing costs with the crowd, the majority of people won’t have to feed the already top-heavy system.
In one of many recent mergers of industry titans, Arkansas-based Walmart is reportedly in the early stages of purchasing Kentucky-based health insurer Humana. Following the high profile purchase of Aetna by CVS1, Walmart is quickly following suit. In a matter of months, these changes in dance partners have changed the landscape of the healthcare industry.
2016 Healthcare Facts
Healthcare spending was 18% of the U.S. economy.
U.S. health care spending increased 4.3 percent to reach $3.3 trillion.
Healthcare spending is estimated at $10,348 per person in 2016.
With an aging population, rising costs of medication, and the arrivals and impediments of new middlemen, companies are now attempting to find ways to address the industry’s weaknesses. If there are weaknesses in a behemoth industry like healthcare, it will certainly affect the American economy as a whole. Financial sage Warren Buffet has described healthcare as a “tapeworm” in the economy2.
The merger of Walmart with Humana is an unconventional one as most of Walmart’s recent acquisitions have been with e-commerce and Internet retail companies. But the merger seems appropriate because Walmart is already successful with pharmacies and they had a less successful foray into operating primary care clinics. And on top of that, they already have a partnership in a prescription drug plan that serves those on Medicare.
Walmart and Humana, CVS and Aetna But Now Amazon?
There may be a common belief that the “big, bad evil” corporation is going to make healthcare even more difficult or they will become an even bigger middleman; A middleman backed by billions of dollars and government influence. But with Warren Buffet of Berkshire Hathaway, Jamie Dimon of JP Morgan Chase, and Jeff Bezos of Amazon throwing their hats into the healthcare ring, not only is the market getting proven competitors but possibly the most brilliant minds dealing with the economy.
There will be questions on whether these deals are anti-competitive, the Justice Department struck down a merger between Aetna and Humana3. And a merger between Walgreens and Rite Aid was scaled back by regulators4. It is an exciting time being witness to industry giants and economic geniuses and leaders wanting to make a drastic change in healthcare and in turn, the economy.
The other factor or alternative for the consumer is the sharing economy, the crowdfunding, donation…there are many terms to describe it. Eusoh can be a platform to supplement or even usurp the current healthcare system. Time will tell how far Walmart, CVS, Amazon, JP Morgan Chase, and Berkshire Hathaway will achieve but we have to amplify to you, the consumer, is that the alternatives are out there.
A recent in the New York Times was titled The Price of French Bulldogs Being So Cute 1. It mentioned the popular breed’s “Big eyes. Pointy ears. Snub nose”. And it also mentioned the breed being so fancied by celebrities like Hugh Jackman, Reese Witherspoon, and Dwayne Johnson.
The French Bulldog’s cult following is unmistakable in the private sector. The breed is listed as the sixth most popular dog breed in the United States according to the American Kennel Club 2. And the FBDCA, the French Bulldog Club of America is the oldest club in the world for the breed.
A Breed Whose Cuteness Is Its Source Of Lifetime Health Problems
Despite, its popularity with celebrities and private citizens, owners of French Bulldogs should know that the breed will suffer from constant health problems for the duration of its life. The “Scrunched up” face and “Snub nose” are what makes the French Bulldog both distinguishable and most desirable. In technical terms, they are “brachycephalic“, meaning they have flat, wide heads.
It is this aesthetic quality and uneven conformation that was bred into generations of French Bulldogs since their popularity rose throughout the 19th century. Unfortunately for generations of French Bulldogs, respiratory issues are a common issue for owners. It is these shared health issues that became common bonds amongst owners of the breed.
Care For French Bulldogs Shared By Owners
Those have made the commitment to owning a French Bulldog and its litany of future health issues will have a community to not only share their experiences but to share expenses. This is what Eusoh was made for. Imagine a pet owner purchasing a French Bulldog without prior knowledge of their current and future health issues. Now imagine that pet owner having a community to help and instantly fund unexpected health expenses for their French Bulldog.
The Eusoh option for paying pet health expenses is perfect for French Bulldog owners. It begins with registering not only yourself but also your four-legged friend on the site. You will be given breed-specific, pet-specific, or local groups to join. And much like chat or social media, it would be good to engage with fellow members and pet owners.
As a group member, your financial contribution will not only help your pet expenses but also the expenses of anyone needing help in your group. This is the crowd sharing aspect of Eusoh; Essentially, the crowd takes responsibility of the expenses your French Bulldog along with future expenses.
Ownership of a cute, lovable, and loyal breed like the French Bulldog comes with its own array of dilemmas. One does not need to go through them alone. There are communities and websites available for support: Dog clubs, Facebook groups, and Reddit forums. But if the time comes when you are need of funds to cover a medical expense for your French Bulldog, there is an option for communities to share in emergency expenses.