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The Rising Urgency of Climate Change-Related Health Crises

Source: Marsh McLennan

Climate change is exacerbating existing health risks and costs and creating new ones. These effects will intensify over time and greatly challenge health care and life sciences, according to a new interactive climate health navigator, Climate Health Threat Illustrator, from Marsh McLennan. 

The data shows that 8.2 million annual excess deaths — or 73 deaths out of every 100,000 people — are forecast worldwide for 2100 due to extreme temperatures in a high-emissions scenario. In addition, 300 million people already live on land that will likely be underwater or annually flooded by 2050 due to sea-level rise, even in a low-emissions scenario. Health and socioeconomic disparities will continue to widen, as people and countries least able to cope are hardest hit.

How can health care providers, payers, life sciences and employers proactively respond to these challenges? Building resilience and reducing emissions are critical to mitigate potentially devastating climate-related health outcomes. Organizations can ensure continuity of care during crises and prepare for intensifying demands in the future. Industry leaders are also curbing their own emissions while incentivizing health care and life sciences to do the same. 

 

What Are the Biggest Upcoming Risks for Organizations?

Changes in consumer demand and cyberattacks are the two biggest risks organizations expect to face in the next two years, according to polls undertaken by Marsh McLennan. Other notable risks include workforce and industry disruptions, as well as challenges associated with international trade.

The poll results also show that the risk outlook of businesses is heavily influenced by their sector. For example, financial sector companies highlighted digital risks — stemming from new technology adoption and cyberattacks — while industrial sector firms were most concerned about international trade.

Today’s dynamic global risk environment necessitates that organizations proactively navigate upcoming risks. Those that manage to do so will emerge more resilient and agile in the face of future disruptions.

Africa Tops All Continents in Retail-Sized Crypto Transfers

When it comes to cryptocurrency use, Africa leads the world in retail-sized transfers (those under $10,000), according to new data from crypto analysis firm Chainalysis. 

The 2020 Geography of Crypto report concludes that this is likely due to a large number of African expats using cryptocurrency to transfer money back home. Cryptocurrency provides a low-fee way for those living abroad to transfer money across country lines. Though many consider crypto a volatile investment, it can be more reliable in countries with a history of currency instability. 

This data also demonstrates the efficacy of cryptocurrency in providing a means for economic growth, and venture capitalists like Jack Dorsey have taken notice. Recently, African-focused cryptocurrency exchange Yellow Card announced it has raised $15 million in Series A funding by the likes of Valar Ventures, Third Prime and Castle Island Ventures, with Dorsey’s Square also participating. It is the largest crypto-focused venture investment on the continent.

10.5% of U.S. households faced food insecurity in 2020. Unchanged from 2019.

Source: BRINK

The Pandemic Didn’t Lead to an Increase of Food-Insecure Households In the U.S.

Despite a global pandemic, the amount of U.S. households facing food insecurity was stable throughout 2020. A recent report (pdf) by the USDA found that 89.5% of American households were food-secure last year, unchanged from 2019. 

Among the 10.5% of households that did face food insecurity, 5.1 million households (3.9% of the toal) faced very low food security — where members “experienced reduced food intake and disrupted eating patterns at times during the year because of limited money and other resources for obtaining food.” Households with children faced a disproportionate amount of food insecurity when compared to 2019, however. About 7.5% of U.S. households with children faced food hardships in 2020 — up from 6.5% in 2019.

The fact that the food-insecure population held steady during a global pandemic shows the impact of U.S. social safety nets, which helped vulnerable populations weather the storm, as well as private relief efforts like charitable food donations.

 

The Results of Germany’s Federal Election

The results of the German Federal Election

According to German media outlets, the Social Democratic Party (SPD) led by Olaf Scholz has won the largest share of votes in Sunday’s election, narrowly beating Armin Laschet, the new leader of the CDU, the party of Chancellor Angela Merkel, and its partner the CSU.

No party has won enough votes to form a government on its own, so there will need to be a coalition, which will be the subject of intense negotiations for several weeks. According to BRINK columnist Alex Privitera, the most likely outcome is “a coalition between the Social Democrats, the Greens, and the market-friendly Free Democrats (FPD) — without the Christian Democrats.”

But much will depend on “whether an understanding can be reached about the role of government in accelerating the transition toward a greener economy.”

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