When asked by a reporter what the most amazing thing in the universe is, Albert Einstein famously stated Compound Interest. “Compound Interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
According to Peter Nichol on LinkedIn, “Remember 62% of all personal bankruptcies in the United States are due to healthcare bills and 72% of these people HAD healthcare insurance before bankruptcy.” He was referring to the ever-narrowing margins available to Hospitals to fund new technology, like Medical Imaging Equipment. The gist of it was a question about the wisdom of GE to make Medical Technology one of the three pillars of its new restructure. I wonder if he knows how much GE makes on Medical Imaging Equipment sales in the U.S. It’s huge – about double what it makes elsewhere in the world. That is, unless things have drastically changed since I left in ’06. I doubt it.
For those interested in learning about Blockchain, I strongly recommend a very well-written book by Tim Lea, Down the Rabbit Hole, Discover the Power of the BLOCKCHAIN. Blockchain is not exactly new and has had some bad press, because it’s the underlying technology of Bitcoin, which recently rose in value to more than an ounce of gold. The most powerful quote on the subject is from Goldman Sachs in December 2015: “…the Blockchain, can change…well everything”.