Wealthcare is a term used to describe a lucrative system that runs in the background, behind the scenes of wealth inequality.
Wealthcare has existed for centuries and can be found everywhere, from major financial institutions to smaller investment funds and other holdings.
Wealthcare is a form of healthcare designed primarily for wealthy people. It differs from traditional forms of healthcare for a variety of reasons.
Firstly, the type of service it offers is different because while conventional health insurance will cover you regardless of your income or occupation, wealthcare will primarily provide support for those already living in high luxury and need additional assistance with their lifestyle.
In this respect, it can be seen as more individualized than other types of health care because it caters to only the rich and uses its funding to ensure that they have all they could ever want or need to stay happy and healthy inside and out.
Key players of this system include banks, brokers, high ranked government officials and executives at top companies.
How it works
To protect themselves from any wrongdoings or future problems with their investments, these people often set up foundations to hold all their assets.
Money from these foundations is invested back into society through large scale projects such as infrastructure development, hospitals and schools.
This way, they benefit financially from tax breaks while enjoying income that otherwise would have been taxed away by various nations’ tax systems.
Wealthcare foundations are often involved in large scale projects that, for the most part, serve economically advantaged populations. This is done to bring attention to an area and convince people with economic means to move there.
By doing this, a sense of growth and optimism is encouraged within the local community, which helps attract foreign investment and wealthy locals looking for a place to settle down.
These actions have been observed from time to time from wealthy business leaders visiting poorer countries where they offer investments in land or infrastructure development through their foundation.
In return, they make money from future income generated by assets such as houses and office spaces built there after the fact.
The building of infrastructure usually has a minimal impact on local communities as roads, and other transportation networks are only economically viable for future buyers of homes or businesses to have access.
This system has been applied in Belgium to build new high-speed train lines, highway expansions and university expansions.
Wealthcare foundations are often involved in these projects by offering sizable investments through their foundation.
In return, they ensure their assets are well taken care of, like roads, train stations and commercial areas built to bring them future income from investors looking to settle down near highly-trafficked locations.
Hospitals and schools are also often part of these significant project developments, ensuring local communities access education and healthcare facilities.
Wealthier people usually would not seek out themselves due to either location or price point.
The Wealthcare system has positive and negative social implications depending on your geographical location. Live near an area that has received significant investments through foundations.
The impact will likely be positive as the infrastructure built there will attract new businesses and opportunities towards that area, benefiting everyone within it.
However, if you happen to live near areas with less attention given by foundations, this may mean poorer public services, fewer job opportunities and lower quality of life.
There is no guarantee for everyone to benefit equally from this system. However, its overall impact on society has been positive.
Another thing that separates Wealthcare from standard forms of medical attention is that it tends not to buy the best healthcare technology but instead opts for cheaper alternatives.
This is usually because these are available to everyone and do not produce any instant benefits that will significantly help the patient or make their life any more luxurious than it already is.
For more information, link to Saxo wealth care.