Education

Taxes and Stem Cells: The Auragens Proposal

September 24, 2024    auragens.com
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The Lobby at Auragens  

As Auragens continues to help our patients by leading with our cutting-edge science and expert precision medicine, we never lose sight of opportunities to make our treatments more available to all who will benefit.

With that in mind we watch closely the evolving landscape of healthcare, not only from a clinical and research standpoint, but also the industry as a whole and specifically to how it is being handled in the United States.

With a Presidential election looming there are few issues that all Americans can agree on. But one uniting topic and belief is that our healthcare should and can be better. A loaded topic with many nuances Auragens is going to focus on one aspect.

With the top ranked medical schools, best equipment, and world leading innovation, the United States should be leading the world in every metric. Yet, it often falls short and the largest complaint stems from the costs associated. On average an American citizen spends $13,000 per year on medical. And our outcomes place the U.S. well short of the expected results when compared with cost. The culture of sick care, or treating patients once they are already unwell, as opposed to preventive medicine and helping a person remain healthy, or true healthcare, has placed a large financial burden on both taxpayers and corporations.

If the U.S. were able to encourage its populace to remain healthy, the overall costs of chronic illness will decline. And many of the financial constraints would wane.  As we think about this the approach closely mirrors the growing wellness movement towards personal responsibility to your own health. From what foods are consumed to regular workout routines we have seen people’s attitudes shift in order to be more proactive with their health. Wearable technologies, health spas, health influencers, and greater discussions about what each individual does to feel their best have become much more common. One can feel it but also it is reflected in obvious places as well such as the iPhone 16 now coming preloaded to help track better sleeping patterns.

Knowing that a healthy population is key to the financial health of a country, Auragens has been working to create a path to encourage these best behaviors. So, we have a proposal. We have shared with legislators and lobbyists but ultimately, changes, revolutionary changes, come when a majority of the population comes together. So, we shall start here with this newsletter.

Auragens CEO, Dr. Dan Briggs, receives community award  

We want to encourage people to continue with improving their health proactively because it takes strain off both the financial resources of the U.S. and the overburdened healthcare system. But to encourage this it requires an individual to spend more and more of their paycheck or savings to achieve physical health. So, we propose simply, that all healthcare and wellness activities become a full tax write off. From doctors’ visits to your local gym membership, 100% of those dollars spent become a write off at years end. By prioritizing an individual’s health and proactively helping them remain healthy there is an estimated $4.1 trillion dollars per year attributed to chronic illness that can be decreased, according to the CDC.  So, those savings offset, more than offset, the decreased tax revenue generated.  And that is only in direct costs. When the scope is opened further you see the indirect benefits such as better mental health, increased community ownership, opportunities for new business ventures, and an impowered individual.

If a U.S. taxpayer were able to write off their health and wellness routine, then their likelihood of maintaining and overall engagement will increase. And for a research and treatment facility such as Auragens, we are able to be less of a financial impact to individuals whose quality of life depends on what we do. And until the day our treatments are covered by insurance this allows and facilitates Auragens to be a true partner in the health and wellness journey and to democratize our treatments for all.

If you would like to learn more about our thoughts around legislation – or back to the core of what we do, our treatments – please reach out and we look forward to discussing.

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