Extracorporeal Membrane Oxygenation (ECMO) Market Set for Exceptional Growth in the Forecast 2024-2032 12-25-2024 03:12 PM CET | Health & Medicine Press release from: Cognate Insights Extracorporeal Membrane Oxygenation (ECMO) Market Latest Market Overview The global extracorporeal membrane oxygenation (ECMO) market is projected to reach USD 450 million by 2024, growing at a CAGR of 9.3% from 2024 to 2032. ECMO is a life-saving intervention used to provide cardiac and respiratory support to patients whose heart and lungs are severely compromised. The demand for ECMO is driven by increasing incidences of cardiac and respiratory failure, advancements in ECMO technology, and a growing aging population susceptible to such conditions. Additionally, the rise in the prevalence of critical illnesses such as acute respiratory distress syndrome (ARDS), cardiogenic shock, and severe pneumonia further fuels the market's growth, with ECMO offering a vital role in treatment. The Extracorporeal Membrane Oxygenation (ECMO) Market has experienced steady growth in recent years and is expected to continue expanding at a strong pace from 2024 to 2032. This analysis offers a comprehensive overview, providing valuable insights into key trends and developments within the Extracorporeal Membrane Oxygenation (ECMO) industry. These findings equip business leaders with the necessary knowledge to devise more effective strategies and enhance profitability. Furthermore, the report serves as a useful resource for new and emerging businesses, helping them make informed decisions as they navigate the market and seek growth opportunities. Major Players of Extracorporeal Membrane Oxygenation (ECMO) Market are: Getinge AB (Sweden): $2.4 billion in revenue (2023) Medtronic plc (Ireland): $31.7 billion in revenue (2023) Terumo Corporation (Japan): $6.2 billion in revenue (2023) LivaNova PLC (United Kingdom): $1 billion in revenue (2023) Fresenius Medical Care (Germany): $19.8 billion in revenue (2023) Get Latest PDF Sample Report @ https://www.cognateinsights.com/request-sample/extracorporeal-membrane-oxygenation-ecmo-market-research Our Report covers global as well as regional markets and provides an in-depth analysis of the overall growth prospects of the market. Global market trend analysis including historical data, estimates to 2024, and compound annual growth rate (CAGR) forecast to 2032 is given based on qualitative and quantitative analysis of the market segments involving economic and non-economic factors. Furthermore, it reveals the comprehensive competitive landscape of the global market, the current and future market prospects of the industry, and the growth opportunities and drivers as well as challenges and constraints in emerging and emerging markets. Global Extracorporeal Membrane Oxygenation (ECMO) Market Landscape and Future Pathways: North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea Speak to Our Analyst for A Discussion on The Above Findings, And Ask for A Discount on The Report @ https://www.cognateinsights.com/check-discount/extracorporeal-membrane-oxygenation-ecmo-market-research Key drivers and challenges influencing the Extracorporeal Membrane Oxygenation (ECMO) market: Regional Analysis: The report involves examining the Extracorporeal Membrane Oxygenation (ECMO) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets. Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Extracorporeal Membrane Oxygenation (ECMO) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends. Company Analysis: Report covers individual Extracorporeal Membrane Oxygenation (ECMO) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies. Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Extracorporeal Membrane Oxygenation (ECMO) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application. Technology Analysis: Report covers specific technologies relevant to Extracorporeal Membrane Oxygenation (ECMO). It assesses the current state, advancements, and potential future developments in Extracorporeal Membrane Oxygenation (ECMO) areas. 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For In-Depth Competitive Analysis - Purchase this Report now at @ https://www.cognateinsights.com/purchase-report/extracorporeal-membrane-oxygenation-ecmo-market-research Contact Us: Cognate Insights Web: www.cognateinsights.com Email: info@cognateinsights.com Phone: +91 8424946476 About Us: We are leaders in market analytics, business research, and consulting services for Fortune 500 companies, start-ups, financial & government institutions. Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy. This release was published on openPR.
A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world's richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk's filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI is filing a response Friday opposing Musk’s requested order, saying it would cripple OpenAI’s business and mission to the advantage of Musk and his own AI company. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI's CEO. Musk also wanted the job, according to emails revealed as part of the court case, but grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence , or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI," said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don't want to control the final AGI, but during this negotiation, you've shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman's desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk's early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Technologies Technologies, Inc.”, a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. OpenAI said Musk later proposed merging the startup into Tesla before resigning as the co-chair of OpenAI's board in early 2018. Musk didn't immediately respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.India is undergoing an entrepreneurial boom, ranking among the top three global start-up ecosystems with over 140,000 start-ups and 100+ unicorns valued at $347 billion. A strong macroeconomic environment further supports this shift. A growing middle class, higher education levels, and favourable government policies have created a fertile ground for start-ups to thrive. The government has strategically leveraged this ecosystem to address challenges like job creation and economic upliftment. India’s digital revolution has been pivotal in empowering entrepreneurs. With 820 million internet users and a 55 per cent penetration rate, entrepreneurs now have the tools to reach customers and operate efficiently with minimal upfront investment. Technologies like low-code and no-code platforms have reduced product development time and made barriers to entrepreneurship lower, enabling founders to make informed, agile decisions. India’s start-up ecosystem has diversified. Once dominated by young tech enthusiasts, entrepreneurship has expanded beyond tech, becoming a mainstream aspiration, particularly in the post-Covid digital boom. Second-time founders are often seen as more experienced, often transitioning into successful investors and mentors. Indian entrepreneurs are creating more unique and culturally relevant business models instead of replicating Western models. India’s fintech sector, for example, has seen mobile payments outpace the US and China. While earlier investments were focused on e-commerce and consumer tech, sectors like AI, sustainability and space technology are now attracting significant attention. Key growth areas include: Deep Tech: India’s Deep Tech ecosystem, with over 3,600 start-ups, raised $850 million in 2023,3.AI innovations are disrupting industries like healthcare and finance. Electric Vehicles (EVs) and Clean Tech: The EV sector, supported by government incentives and consumer demand, is reshaping India’s transportation landscape. Defence Tech: India, one of the largest defence spenders globally, encourages private sector innovation in defence technology, providing start-ups with growth opportunities and international export markets. Space Tech: Start-ups in satellite technology and aerospace research are positioning India as a key player in space commercialisation. The availability of funding options is another crucial factor fuelling India’s entrepreneurial boom. In 2024, Indian start-ups raised $7.5 billion across 780 deals, a 53 per cent increase from the previous year. Government initiatives, such as Start-up India, Make in India and Digital India, have created a robust framework offering tax incentives, simplified compliance and early-stage funding support. Domestic investors, now account for a significant portion of total funding, reducing reliance on foreign capital. Family offices and angel investors are key to the ecosystem’s stability and long-term resilience. Global Private Equity (PE) firms are now excited by a maturing public market and favourable exit opportunities. IPOs are no longer the only exit option; buyout funds and domestic conglomerates are becoming more active, with Indian firms now acquiring assets globally. Corporate VC arms are increasingly active in strategic sectors, while VC and PE convergence in growth-stage deals offers start-ups capital and ecosystem support. India’s banks now back start-ups with strong unit economics. India’s maturing entrepreneurial ecosystem, fuelled by policies, funding, and education, is driving start-ups to set global standards in innovation and resilience, marking a golden era of opportunity and creativity. Berry is Leader – Strategy, Risk and Transactions; and Agrawal is Leader – Corporate Finance, Deloitte South Asia Comments
SANTA CLARA — San Francisco coach Kyle Shanahan said linebacker De’Vondre Campbell won’t be part of the 49ers moving forward after he refused to enter a game after losing his starting job. Shanahan said the team is still working through the options of how to deal with Campbell, who walked to the locker room in the middle of a 12-6 loss to the Los Angeles Rams on Thursday night when he refused to enter the game. “His actions from the game are not something you can do to your team or teammates and still expect to be a part of our team,” Shanahan said Friday. “We’re working through the semantics right now, but we’ll handle the situation appropriately.” Related Story: Campbell’s Future with 49ers in Jeopardy Shanahan said Campbell won’t be part of the team for the final three weeks. Teams have the ability to suspend players up to four games without pay for conduct detrimental to the team, according to the Collective Bargaining Agreement. The Niners also could just waive Campbell outright, which would allow him potentially to be claimed or signed by another team. Campbell signed a $5 million, one-year contract with San Francisco in March. Campbell had started 12 of the first 13 games of the season and played 90% of defensive snaps for the 49ers but was benched Thursday night after Dre Greenlaw came back for his first game since tearing his left Achilles tendon in last season’s Super Bowl. Related Story: Campbell’s Refusal to Play Shocks Team When the 49ers wanted to put Campbell in the game in the third quarter because Greenlaw was sidelined with soreness in his Achilles tendon, Campbell refused, something Shanahan said has never happened to him in his time as a head coach or an assistant in the NFL. Shanahan said Friday that he has not gotten any explanation from Campbell on why he didn’t play. Campbell then walked off the field with a towel draped over his head and went into the locker room before the end of the game with the Rams that almost ended the 49ers’ playoff hopes. Shanahan said he didn’t send Campbell to the locker room and didn’t know why he left the field. “Once I found out he wasn’t playing, I moved on to people we could count on,” he said. Related Story: Teammates Express Disappointment and Anger Campbell’s decision left his teammates angered and bewildered. “He’s a professional,” cornerback Charvarius Ward said after the game. “He’s been playing for a long time. If he didn’t want to play, he shouldn’t have dressed out. He could have told them before the game. So I feel like that was selfish. It definitely hurt the team. Dre went down and we needed a linebacker. ... For him to do that, that’s sucker (stuff) in my opinion. He’s probably going to get cut soon.” Ward is one of several 49ers who has played through injury or personal tragedy during a trying season for San Francisco. Ward’s 1-year-old daughter died on Oct. 28 but he has returned and played the last three games for San Francisco. Tight end George Kittle called Campbell’s actions “stupid” and “immature.” “It’s one person making a selfish decision,” Kittle said. “I’ve never been around anybody that’s ever done that and I hope I’m never around anybody who does that again.” The 31-year-old Campbell signed in the offseason with San Francisco after being cut by Green Bay in March. He had been an All-Pro in 2021 for the Packers but his play fell off the last two seasons in Green Bay. That led to Campbell complaining on social media that he was misused by Green Bay. He expressed excitement about being with a new team but he never got back to his All-Pro level. Campbell had a few bright moments in San Francisco this season but struggled frequently with tackling and in coverage.Seattle Seahawks receiver is DK Metcalf is just fine when he doesn't have the the ball because it means he gets to showcase his blocking skills. “I just look at it as a sign of respect that I’ve gained from other defensive coordinators and just continue to do my job with it as blocking or being a decoy,” the two-time Pro Bowler said. While opposing defenses have keyed in on Metcalf, other aspects of Seattle's offense have surfaced during its four-game winning streak. The run has the Seahawks (8-5) sitting atop the NFC West heading into Sunday night's game against the visiting Green Bay Packers (9-4). Geno Smith's new top target is second-year receiver Jaxon Smith-Njigba, who needs 89 receiving yards for his first career 1,000-yard season. Smith-Njigba has 75 catches for 911 yards and five touchdowns, while Metcalf, often dealing with double coverage, has 54 catches for 812 yards and two scores. Metcalf says he feels the pride of a “proud parent or a big brother” when it comes to Smith-Njigba's success. Seattle's offense also got a boost from the ground game in a 30-18 victory over the Arizona Cardinals last weekend . Zach Charbonnet, filling in for the injured Kenneth Walker III, ran for a career-best 134 yards and two touchdowns. The Seahawks face another hot team in the Packers (9-4), who have won seven of nine. Green Bay's two losses over that stretch have come against NFC-best Detroit (12-1), including a 34-31 victory by the Lions on Dec. 5, which means the NFC North title is likely out of reach for the Packers. The Packers are well-positioned for a playoff berth, but that almost certainly won't come this weekend. They would need a win, a loss or tie by the Atlanta Falcons and a tie between the Los Angeles Rams and San Francisco 49ers. Metcalf, who learned to block from his father, former Chicago Bears offensive lineman Terrence Metcalf, says he tries to take blocking seriously to set himself apart from other receivers. His priorities are simple when he's getting double-teamed and the ball goes elsewhere. “Trying to block my (butt) off and trying to get pancakes on defensive backs,” he said. When the Packers surged their way into the playoffs last season, quarterback Jordan Love was a major reason why. He had 18 touchdown passes and one interception during Green Bay's final eight games. During the last four games of this season, Love ranks third in the NFL with a 118.9 passer rating with six touchdowns, one interception and a league-best 10.3 yards per attempt. “I always feel like I can put the ball where I want to — and that’s part of it, too, having that confidence to be able to throw those passes,” Love said. “There’s always like I said a handful of plays that might not come off or be in the exact spot that you wanted it to or the throw might be a little bit off. So, that’s where you’ve just got to try to be at your best every play, be consistent and accurate as possible.” Green Bay’s pass defense has been picked apart the last two weeks. First, it was torched by Tua Tagovailoa and the Dolphins in a Packers win. Next, it allowed Jared Goff to complete his final 13 passes as the Lions rallied to victory. It won’t get any easier this week. Smith is second in the NFL in attempts, completions and passing yards and is fifth in completion percentage. “It’s been a remarkable turnaround for him in terms of just where he started,” Packers coach Matt LaFleur said. “It’s not always where you start, but where you finish. And it tells me a lot about the person in terms of his resiliency and ability to fight through some adversity. He’s a dangerous quarterback.” The potential return of former All-Pro cornerback Jaire Alexander (knee) could help the Packers. Will the Packers break out their head-to-toe white uniforms? The last time Green Bay wore the winter white look was in a 24-22 win over Houston in October. The Packers asked fans to weigh in on social media . As for the Seahawks, they'll be sporting their “Action Green” uniforms. Metcalf is a fan. “I would say this about the Action Green, I love them personally in my opinion, but the big guys hate them. I don’t know why, don’t ask me," he said. “Hopefully, the Packers wear all white, so it’ll be a fun-looking game.” AP NFL: https://apnews.com/hub/nflValero Energy Corp. stock rises Wednesday, still underperforms market
UnitedHealth CEO responds to the ‘vitriol’ directed at health insurance workers
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“I just look at it as a sign of respect that I’ve gained from other defensive coordinators and just continue to do my job with it as blocking or being a decoy,” the two-time Pro Bowler said. While opposing defenses have keyed in on Metcalf, other aspects of Seattle's offense have surfaced during its four-game winning streak. The run has the Seahawks (8-5) sitting atop the NFC West heading into Sunday night's game against the visiting Green Bay Packers (9-4). Geno Smith's new top target is second-year receiver Jaxon Smith-Njigba, who needs 89 receiving yards for his first career 1,000-yard season. Smith-Njigba has 75 catches for 911 yards and five touchdowns, while Metcalf, often dealing with double coverage, has 54 catches for 812 yards and two scores. Metcalf says he feels the pride of a “proud parent or a big brother” when it comes to Smith-Njigba's success. Seattle's offense also got a boost from the ground game in a 30-18 victory over the Arizona Cardinals last weekend . Zach Charbonnet, filling in for the injured Kenneth Walker III, ran for a career-best 134 yards and two touchdowns. The Seahawks face another hot team in the Packers (9-4), who have won seven of nine. Green Bay's two losses over that stretch have come against NFC-best Detroit (12-1), including a 34-31 victory by the Lions on Dec. 5, which means the NFC North title is likely out of reach for the Packers. The Packers are well-positioned for a playoff berth, but that almost certainly won't come this weekend. They would need a win, a loss or tie by the Atlanta Falcons and a tie between the Los Angeles Rams and San Francisco 49ers. Metcalf, who learned to block from his father, former Chicago Bears offensive lineman Terrence Metcalf, says he tries to take blocking seriously to set himself apart from other receivers. His priorities are simple when he's getting double-teamed and the ball goes elsewhere. “Trying to block my (butt) off and trying to get pancakes on defensive backs,” he said. When the Packers surged their way into the playoffs last season, quarterback Jordan Love was a major reason why. He had 18 touchdown passes and one interception during Green Bay's final eight games. During the last four games of this season, Love ranks third in the NFL with a 118.9 passer rating with six touchdowns, one interception and a league-best 10.3 yards per attempt. “I always feel like I can put the ball where I want to — and that’s part of it, too, having that confidence to be able to throw those passes,” Love said. “There’s always like I said a handful of plays that might not come off or be in the exact spot that you wanted it to or the throw might be a little bit off. So, that’s where you’ve just got to try to be at your best every play, be consistent and accurate as possible.” Green Bay’s pass defense has been picked apart the last two weeks. First, it was torched by Tua Tagovailoa and the Dolphins in a Packers win. Next, it allowed Jared Goff to complete his final 13 passes as the Lions rallied to victory. It won’t get any easier this week. Smith is second in the NFL in attempts, completions and passing yards and is fifth in completion percentage. “It’s been a remarkable turnaround for him in terms of just where he started,” Packers coach Matt LaFleur said. “It’s not always where you start, but where you finish. And it tells me a lot about the person in terms of his resiliency and ability to fight through some adversity. He’s a dangerous quarterback.” The potential return of former All-Pro cornerback Jaire Alexander (knee) could help the Packers. Will the Packers break out their head-to-toe white uniforms? The last time Green Bay wore the winter white look was in a 24-22 win over Houston in October. The Packers asked fans to weigh in on social media . As for the Seahawks, they'll be sporting their “Action Green” uniforms. Metcalf is a fan. “I would say this about the Action Green, I love them personally in my opinion, but the big guys hate them. I don’t know why, don’t ask me," he said. “Hopefully, the Packers wear all white, so it’ll be a fun-looking game.” AP NFL: https://apnews.com/hub/nflIran to deploy new advanced centrifuges in response to ‘unjust’ IAEA resolution
MEDIROM Healthcare Technologies Inc. Announces Closing of Public OfferingDanaher Announces Quarterly Dividend
Last week, UnitedHealthcare CEO Brian Thompson was shot to death on a New York City sidewalk in what was clearly a thoroughly planned-out attack. Over the next few days, as authorities hunted for the killer, online progressives did not try hard to hide their delight that a millionaire health insurance executive like Thompson was killed. Social media was flooded with posts and videos—with different ranges of subtlety—suggesting that Thompson, at the very least, did not deserve to be mourned because of all the health care his company has denied to poor and working people. Progressives framed the shooting as an act of self-defense on behalf of the working class. Before the alleged killer was caught Monday, they promised not to snitch if they saw the shooter themselves and fantasized about a working-class jury nullifying all charges, leading to other CEOs getting gunned down with impunity if they oversaw price increases. The narrative that these online progressives clearly subscribe to and perpetuate is one where, in the United States, healthcare is a totally unfettered, unregulated industry; where—because of a total lack of government involvement—wealthy CEOs charge whatever prices they want and then refuse to provide customers what they already paid for without facing any bad consequences. The characterization of healthcare and health insurance companies charging absurdly high prices while treating their customers terribly without the risk of losing them is spot on. But the idea that what caused this was a lack of government involvement in the healthcare system is completely delusional. And this delusion conveniently removes all the responsibility progressives bear for the nightmare that is the US healthcare system. Today, healthcare is one of the most heavily government-regulated industries in the economy—right up there with the finance and energy sectors. Government agencies are involved in all parts of the process, from the research and production of drugs, the training and licensing of medical professionals, and the building of hospitals to the availability of health insurance, the makeup of insurance plans, and the complicated payment processes. And that is nothing new. The US government has been intervening heavily in the healthcare industry for over a century. And no group has done more to bring this about than the progressives. It really began, after all, during the Progressive Era, when the American Medical Association maneuvered its way into setting the official accreditation standards for the nation’s “unregulated” medical schools. The AMA wrote standards that excluded the medical approaches of their competitors, which forced half of the nation’s medical schools to close. The new shortage of trained doctors drove up the price of medical services—to the delight of the AMA and other government-recognized doctor’s groups—setting the familiar healthcare affordability crisis in motion. Around the same time, progressives successfully pushed for strict restrictions on the production of drugs and, shortly afterward, to grant drug producers monopoly privileges. After WWII, as healthcare grew more expensive, the government used the tax code to warp how Americans paid for healthcare. Under President Truman, the IRS made employer-provided health insurance tax deductible while continuing to tax other means of payment. It didn’t take long for employer plans to become the dominant arrangement and for health insurance to morph away from actual insurance into a general third-party payment system. These government interventions restricting the supply of medical care and privileging insurance over other payment methods created a real affordability problem for many Americans. But the crisis didn’t really start until the 1960s when Congress passed two of the progressive’s favorite government programs—Medicare and Medicaid. Initially, industry groups like the AMA opposed Medicare and Medicaid because they believed the government subsidies would deteriorate the quality of care. They were right about that, but what they clearly didn’t anticipate was how rich the programs would make them. Anyone who’s taken even a single introductory economics class could tell you that prices will rise if supply decreases or demand increases. The government was already keeping the supply of medical services artificially low—leading to artificially high prices. Medicare and Medicaid left those shortages in place and poured a ton of tax dollars into the healthcare sector—significantly increasing demand. The result was an easily predictable explosion in the cost of healthcare. Fewer and fewer people could afford healthcare at these rising prices, meaning more people required government assistance, which meant more demand, causing prices to grow faster and faster. Meanwhile, private health “insurance” providers were also benefiting from the mounting crisis. In a free market, insurance serves as a means to trade risk. Insurance works well for accidents and calamities that are hard to predict individually but relatively easy to predict in bulk, like car accidents, house fires, and unexpected family deaths. Health insurance providers were already being subsidized by all the taxes on competing means of payment, which allowed their plans to grow beyond the typical bounds of insurance and begin to cover easily-predictable occurrences like annual physicals. And, as the price of all of these services continued to shoot up, the costs of these routine procedures were becoming high enough to resemble the costs of emergencies—making consumers even more reliant on insurance. With progressives cheering on, the political class used government intervention to create a healthcare system that behaves as if its sole purpose is to move as much money as possible into the pockets of healthcare providers, drug companies, hospitals, health-related federal agencies, and insurance providers. But the party could not last forever. As the price of healthcare rose, the price of health insurance rose, too. Eventually, when insurance premiums grew too high, fewer employers or individual buyers were willing to buy insurance, and the flow of money into the healthcare system started to falter. The data suggests that that tipping point was reached in the early 2000s. For the first time since the cycle began back in the 1960s, the number of people with health insurance began to fall each year. Healthcare providers—who had seemingly assumed that the flow of money would never stop increasing—began to panic. Then came Barack Obama. Obama’s seminal legislative accomplishment—the Affordable Care Act, or Obamacare—can best be understood as a ploy by healthcare providers and the government to keep the party going. Obamacare required all fifty million uninsured Americans to obtain insurance, and it greatly expanded what these “insurance” companies covered. Demand for healthcare shot back up, and the vicious cycle started back up again—which is why the bill enjoyed so much support from big corporations all across the healthcare industry. Before it was passed, economists were practically screaming that the Affordable Care Act would make care less affordable by raising premiums and healthcare prices while making shortages worse. Progressives dismissed such concerns as Reagan-era “free market fundamentalist” propaganda. But that is exactly what happened . Now, the affordability crisis is worse than ever as prices reach historic levels. And, because Obamacare brought American healthcare much closer to a single-payer system, the demand for healthcare far exceeds the supply of healthcare—leading to deadly shortages. There are literally not enough resources or available medical professionals to treat everyone who can pay for care. Also, the tax code and warped “insurance” market protect these providers from competition—making it almost impossible for people to switch to a different provider after their claims are unfairly denied. If it were simply greed, denying customers who already paid would be a feature in all industries. But it’s not. It requires the kind of policy protections progressives helped implement. And on top of all that, despite paying all this money, Americans are quickly becoming one of the sickest populations on Earth. This is one of the most pressing problems facing the country. A problem that requires immediate, radical change to solve. But it also requires an accurate and precise diagnosis—something that, this week, progressives demonstrated they are incapable of making. Related Articles Commentary | John Stossel: Your tax dollars not at work Commentary | After so many years of failure, time’s up for California Democrats Commentary | Vince Fong: We don’t need Newsom to lecture us. We need him to listen to us. Commentary | Deregulation rather than fossil fuel controls needed to fix California insurance market Commentary | The FBI has been political from the start The American progressive movement is responsible for providing the political class the intellectual cover they needed to break the healthcare market and transform the entire system into a means to transfer wealth to people like Brian Thompson. Now, they want to sit back, pretend like they’ve never gotten their way, that the government has never done anything with the healthcare market, and that these healthcare executives just popped up and started doing this all on their own—all so they can celebrate him being gunned down in the street. It’s disgusting. Brian Thompson acted exactly like every economically literate person over the last fifty years has said health insurance CEOs would act if progressives got their way. If we’re ever going to see the end of this century-long nightmare, we need to start listening to the people who have gotten it right, not those who pretend they are blameless as they fantasize online about others starting a violent revolution. Connor O’Keeffe ( @ConnorMOKeeffe ) produces media and content at the Mises Institute. This commentary is republished with permission from the Mises Institute.
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Santa Ana’s sole independent bookstore LibroMobile may be closing its doors. “In the last six months, our book sales have been incredibly low, and so on top of that, California state arts funding was cut, which means we lost two big grants, like $50,000 worth of funding that we normally get for our programming,” says owner and founder Sarah Rafael García. “We don’t have enough money projected for 2025. Right now, we’re not even sure we’re going to make it to June.” SEE ALSO : Sign up for our free Book Pages newsletter about bestsellers, authors and more García, who works another full-time job that runs through May, has had to cancel LibroMobile’s annual literary festival and events programming and she’s been dipping into her own income to keep the doors open at the store, which has two employees and additional student help. “I have been contributing my own personal funds to keep it going,” she says. “We’re grassroots – I’m not a rich person, you know? I started the bookstore with a $10,000 yearly income, so I always tell people, I know how to survive off of very little money.” She plans to continue doing pop-up sales events and the quarterly open mic night, although the money crunch has affected that event as well. “We cannot pay our headliners. So whatever poet chooses to accept the invite to headline, they’re doing it for free,” she says. The problem, she says, is not enough book buyers. “We won’t be able to maintain a brick and mortar if people don’t buy books,” she says. “If we don’t increase book sales significantly in the next couple months, then in March I’m going to have to probably announce that we’re definitely closing in June.” And while she says she’ll find a way to keep doing pop-ups and other events – she launched LibroMobile with a hand-me-down garden cart that gave the venture its name – “We won’t have a brick and mortar store, which is a really sad thing for our city, as the only independent bookstore in Santa Ana.” García makes one thing clear: Don’t blame her landlords. “We don’t pay market-rate rent. So when people say, ‘Oh, it’s your landlord, they should decrease it.’ That’s not true. They have been 100% supportive. They have not increased our rent because they know we’re in this situation,” she says. “They want to figure out how to make it work.” She says LibroMobile reciprocates by creating community events in English and Spanish at the Bristol Swap Meet to bring people to the food courts as well as by helping to fund the site’s murals with grant money and city support. “We’re more than a bookstore. We’re creating a place for our community where they can explore literature and the arts without having to pay for it,” she says, but adds that there are always costs to cover. “We have to pay a DJ. We have to pay for the equipment. Sometimes we have to rent chairs if we expect a bigger crowd for an event. So all those are additional costs.” But she’s committed to serving the community. “This is home for me ... Santa Ana is where I went to school and keep returning, even though I have nobody left here, other than friends and chosen family, my godparents. But it’s still what I call home.” Her father, Rafael Castillo García, worked for The Orange County Register for 10 years until he died unexpectedly in 1988 at age 36. She recalls how her father – who studied the paper to improve his language skills, attended community college and wrote poems he’d leave on the family refrigerator – would leave the house dressed in crisp slacks and a dress shirt. “He always dressed sharp to go to work, to try to impress us to have better jobs,” says García, who would learn about the physical nature of his work after his death. “I didn’t know he was a labor worker. I had to go empty his locker out, and I found the coveralls.” García says she has considered suggestions to start a crowdfunding campaign but ultimately decided against it. “I know I could probably set up a GoFundMe, but where would that take us a year or two from now? We’ll be in the same position. If I don’t cultivate the culture and the tradition in Santa Ana and Orange County, then we’re still not creating sustainability,” she says. “I’m trying to cultivate the want and the need of books, not just holding rent.” So what can local readers do to help? “I want them shopping at the bookstore. [laughs] We go days without someone buying a book sometimes,” she says. “We are the only bookstore in Santa Ana, but not just that. We’re the only bookstore in Orange County that prioritizes Black, Indigenous, and People of Color books, as well as Spanish, multicultural and bilingual books. We have a whole beautiful collection of BIPOC cookbooks – like, who does that, right? – on top of a special collection that prioritizes ethnic studies, gender studies and academic books at affordable prices.” SEE ALSO : Bestsellers, authors, books and more can be found in the Books section García underscores her commitment to keeping prices reasonable – or even free. She stocks a Little Free Library at the Bristol Swap Meet, too. “Maybe that’s why we’re not making enough money. But that’s the whole point of keeping books that are relevant to our community accessible and affordable,” she says. While she says that the store is proudly political, García thinks LibroMobile has something that benefits the entire community. ”If you don’t like our politics, there’s still plenty of other books you can read in our store,” she says. “We have something for everyone, but we’re also not going to hide our political stances for the sake of capitalism.” For more stories about : Sign up for our free Book Pages newsletter about bestsellers, authors and more Related ArticlesFormer U.S. House speaker Nancy Pelosi injured after falling at an event in Luxembourg
How to give U.S. manufacturing a makeover(Bloomberg) -- An Iranian mothership? Alien activity? Overly-dedicated hobbyists? These are just a few of the theories being floated about the witness sightings of large, mysterious drones flying over New Jersey in recent weeks, spooking residents across the state. The Newark office of the Federal Bureau of Investigation, state police and New Jersey office of Homeland Security and Preparedness have said witnesses over the past several weeks have described seeing “a cluster of what look to be drones and a possible fixed wing aircraft.” Local authorities are calling on the public to report any information they might have, and even a US Senator is patrolling the state for sightings. The drones have been spotted hovering above critical infrastructure such as water reservoirs, electric transmission lines, rail stations, police departments and military installations, Florham Park Chief of Police, Joseph Orlando, said in a Facebook post. Sightings have been occurring nightly, beginning just after sunset and lasting into the early hours of the morning, he added. A reporter for Bloomberg has seen on several occasions over the past few weeks large, noiseless objects with blinking lights hovering overhead. This past weekend, four were spotted flying simultaneously in the South Jersey town of Mount Holly. White House, Pentagon and other national security officials have rebuffed the conspiracies about the drones and their origin, saying that there’s no evidence that they pose a security risk or of any drones entering restricted airspace. But the hysteria and concern has only grown since, and lawmakers are demanding clarity. “It appears that many of the reported sightings are actually manned aircraft that are being operated lawfully,” US National Security Council Spokesperson John Kirby said at a Thursday briefing. Mine Hill Mayor Sam Morris said that he’s disappointed with the response because residents still believe they’re at risk of harm as the drones fly above them. “There are heavy drones over our heads, over my town, over my house — and if one of them lost power or short circuited and fell, that in itself is a physical threat. So you can’t say there’s zero threat,” Morris said in an interview. “There’s just so little trust in the federal government to do its job.” US Senator Andy Kim, a Democrat from New Jersey, said he witnessed dozens of drones Thursday night when he joined local law enforcement on a patrol through Hunterdon County, where they’ve been sighted. “It’s hard for people to feel secure when there are unexplained drones flying overhead and they’re not getting answers they need from the federal investigation,” Kim said in a statement. “This has been going on for weeks, and I’m just as frustrated as everyone else in not getting more information and details.” Kim penned a letter alongside Senator Cory Booker and New York Senators Chuck Schumer and Kirsten Gillibrand calling on the federal government to brief them on what’s being done to identify and address the source of these “incursions.” Drones have also been sighted in parts of New York. Over the next few days, New Jersey will be receiving technology with drone-specific radar from the federal government, according to state lawmakers. The sightings have sparked concern and conspiracies from both sides of the political aisle, similar to last year’s spy balloon incident from China that confounded civilians and legislators across the US. Outcry from Republicans and Democrats alike became so rampant at the time that officials had no choice but to postpone the first high-level visit to China in several years. US Representative Jeff Van Drew of New Jersey suggested Iranian involvement in a Wednesday hearing and urged the federal government to bolster its security and aviation technology to avoid potential harm from the drones. The Pentagon has denied his assertion about Iran, and also said that these aren’t US military drones. The FBI and US Department of Homeland Security also said they have not corroborated any of the reported visual sightings with electronic detection methods. New Jersey Governor Phil Murphy, a Democrat, has tried to soothe concerns by saying that authorities at all levels of government have not seen any threat to public safety or any evidence that there are lifeforms on the drones. Shoot Down “Let’s not fear monger. There are a lot of conspiracy theories,” Murphy said in a call-in radio interview earlier this week. But he’d like to see the federal government take a more “robust role” and he wouldn’t be opposed to the feds taking action including shooting one of the drones down, he added. The New Jersey Senate Republican Caucus sent a letter to Murphy Thursday morning demanding more immediate federal action. “You must insist that the Biden Administration immediately provide the necessary tools and resources to protect our state — including the authority to neutralize any drone that poses a threat,” wrote Republicans led by Senator Anthony Bucco in the letter. In the meantime, New Jersey residents are gathering their own information. A Facebook group called “New Jersey Mystery Drones” focused on solving the mystery behind the drones has amassed nearly 32,000 members, with people from across the state recounting their experiences or expressing concern about what their presence could possibly mean. Jay Ribecca, a retired pharmaceutical manufacturer, went drone hunting Thursday night in Lumberton, a South Jersey town near Philadelphia. There, he saw three or four objects hovering low in the sky, about 500 feet (152 meters) from the ground. Some of them were moving while others appeared to be still. “It was definitely not air traffic,” he said. “You can hear airplanes. They’re pretty distinctive in sound. This was — I don’t want to say dead silent — but it was very quiet.” --With assistance from Akayla Gardner, Josh Wingrove, Stacie Sherman and Mark Schoifet. (Updates with US Senator Andy Kim’s patrol in third paragraph and resident comments throughout.) More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.