THE WEEK IN FINTECH 12/08/17
The Payments Elephant
I moderated a meeting of the Chicago Payments Forum this week to discuss payments developments in 2017 and how they will affect business in 2018 and beyond. In putting together the overview, it occurred to me that right up front we had to address the elephant in the room: bitcoin.
At Money2020 at the end of October, I heard a number of people talk about it as a new "asset class," a statement I saw quoted almost daily as bitcoin's price rose steadily.
"If the current financial industry is to remain relevant, it must brace for a FinTech-tonic shift of unprecedented proportions," writes Jim Marous in the Financial Brand. "FinTech carries awesome potential for creative disruption, and the financial industry—the very creators of money—must manage this global dash towards both disintermediation and demonetization."
Here is my PowerPoint presentation to the ACTE-CAPA (Association of Corporate Travel Executives – Centre for Asia-Pacific Aviation) Conference, which was held in Sydney on 29th November 2017.
Common wisdom holds that “it’s easier to catch flies with honey than vinegar.” That aphorism also applies to payers seeking lower prices for routine healthcare procedures. It “tastes” better when providers attract new customers with “bottom-up” high-value services than when payers hammer providers through “top-down” payment reform.
Having failed to “repeal and replace” the Affordable Care Act, House and Senate Republicans have set their sights on reforming the U.S. tax code, a daunting undertaking that hasn’t occurred since the mid-1980s. Their principal objective is to reduce the corporate tax rate from its current level of 35% to 20%.
Co-authored with Richard Jones, president and CEO of Essence Healthcare, one of the nation’s first accountable delivery systems and a consistently high-rated Medicare Advantage Prescription Drug (MAPD) health plan.
This article was originally appeared in the Hindu Business Line and co-authored with Faisal Ahmed, a geopolitical expert and associate professor of international business at FORE School of Management, New Delhi.
As President Xi Jinping emerges stronger, his foreign policy pursuits are now likely to be assertive, not merely persuasive. He joins the league of Mao Zedong and Deng Xiaoping with the inclusion of his thoughts on socialism in the party constitution.