. @BillAckman@elonmusk@doge if you want more, on the healthcare side too, I got trillions worth.
The arbs in this industry are insane. For instance, here is an example of how insurance companies with Pharmacy Plans for traditional Medicare game their plans to push people to Medicare Advantage
In their traditional Medicare Pharmacy Drug Plans, they use co-insurance. Which means the patient pays a percentage, usually around 20% of the retail price that they effectively set themselves. So a $600 drug like Elliquis costs them $120 each month
They don't use co-insurance for their Medicare Advantage plans where they profit about $1747 per year per patient.
So one has $120 monthly costs. The other has maybe a $25 co-pay.
So they are pricing to push people to their most profitable plans and extract more money in Medicare PDP plans
The bad part, beyond the money out of pocket that should be far less, is that CMS approves all of these plans and did nothing to help reduce the out of pocket for those with PDPs. They are stuffing money onto the pockets of the plan owners
A common way of thinking as to how the US with deal with its debt is productivity growth gains from A.I. That ain't looking too promising. @BigJohn043 what do you thinK? #PE#washingtondc
https://t.co/ePPcLT5K4O
The World's Oldest Banking System: Morocco's Ancient Granaries
According to historians, the Igudar granaries in Morocco are the world's oldest bank, going back as far as the 13th century. Some historians believe they may even go farther than that since the granaries are as old as the mountains they are built in.
These granaries belonged to the Amazigh people who settled in Morocco more than 4000 years ago. The Amazigh tribes mainly lived in the South of Morocco which is a mountainous area. They started to build granaries in the caves and cliffs of the mountains.
Each Amazigh family owned a granary and stored their valuables inside it. These valuables ranged from documents and weapons to food and jewelry. An interesting finding is that some granaries were big enough to act as shelters during war times. Some had enough room for cats to protect the valuables from mice.
The Amazigh had various ways of managing the granaries. Firstly, they had tablets (boards) to keep track of the valuables and who they belonged to. The management was the responsibility of a secretary called the Lamine.
Secondly, each tribe selected representatives which formed another management body: the Inflas. The Inflas comprised 10 people and each granary had a key holder called the Amir.
The tribes only paid the Amir for their efforts to keep the valuables safe. Additionally, tribe members could safeguard their own granaries as well.
One of the oldest and biggest of the Igudar is Agadir Imchguiguiln which is more than 700 years old. Recent renovations reveal that it has 130 granaries, a central square, a mosque, and even a prison cell.
Aside from their physical value, the world's oldest bank, Igudar granaries represent the collective trust inside the community and between different groups of people. In recent years, the Moroccan government has been working to have Unesco recognize the granaries as an international heritage of great importance as well.