The IOM Future of Nursing report calls for an increase in leadership from nurses at all levels. One way nurses demonstrate their role as leaders is through public policy change. Leaders do not always carry an official title or position but demonstrate leadership through the work and the stance they take to make a change for the good of others. Nurses have been noted by the Gallop poll year after year as the most trusted professionals.
This assignment requires thought about a public policy that is needed (or needs to be changed) that relates to nursing, health care, or the public. Policy changes can occur by working with members of your legislature or state and national nursing associations to introduce a new bill or change a current law in your state or the federal government.
Examples of public policy include any component of the current legislation governing health care, Medicare Part D, Medicaid, nursing regulation, medication technicians, etc.
In 750-1,000 words, propose and provide your support for a public health policy change at either the state or federal level. This change can be regarding a current bill or law, or the policy may not even exist. The policy must not be a clinical care policy for individual care, though the policy involved may include public or community health, legislative or regulatory, professional organization (nursing-oriented), advanced nursing practice, health plan, or hospital plan.
For reference, review public health policies and legislation for an idea of how to word your proposal. You may also visit your state’s legislative governmental affairs website to better understand the process your policy change would take if you wanted to introduce it into legislation.
Include the following in your policy change proposal:
The exact wording for the bill or law you want to change or implement.
Why this change is needed and how it will be beneficial to your local community or the general population.
The plan for the implementation of your policy development.
Discussion about who would champion the bill or law change from your state. (Advocates may include legislators, federal legislators, local or national state nursing organizations). How influential are these individuals in making changes occur?
The current state of Venezuela, demonstrates the profligacy exhibited that lead to fiscal dominance of monetary policy. In attempt to diminish the gap between spending and revenue, a government may decide to fund expenditures via tax revenues – bonds that are to be paid back through future tax revenues or through central bank seigniorage – could be implemented. Seigniorage reliance from the government is likely to govern a lack of incline to continue using a currency which is losing value. Part of the seigniorage serves a purpose as an inflation tax. The rate of inflation acts as a tax rate therefore an increasing rate of inflation would result in higher levels of revenue for the government. This however, is dependent on the public’s willingness to maintain real money balances as an increase in inflation means a decrease in money balances available for public holding – potentially limiting the revenue generated by the government. In essence, hyperinflation can potentially be perceived as a large scale taxation scheme. During periods of inflation, the real purchasing power of tax revenues decline. Constant expenditures lead to a larger budget deficit as a result of the reductions in the real value of revenues. This tendency of inflation to increase the real budget deficit is referred to as the Tanzi effect. During hyperinflation, however, the Tanzi effect reduces the real value of tax revenues. It’s deemed that so long as individuals remain confident in fiscal authorities and their ability to respond to inflation – via the means of increasing taxes or decreasing expenditures – they will hold money as a means of exchange and store of value. However, upon the emergence of the Tanzi effect, people’s confidence in the government’s ability to manage the deficit is disrupted, prompting them to reduce their holdings of real money balances (Niskanen Center 2018). It’s apparent that the Venezuelan government spending is significantly exceeding that which it is taking in and therefore putting them in a budget deficit. The government ceased releasing statistics with regards to the magnitude of the country’s budget deficit a few years ago. Nevertheless, reducing it is deemed a prime concern. However the CIA have estimated that the deficit is approximately 46% of the countries gross domestic product during the period of 2017 (Bloomberg 2019). One approach in hope of restoring Venezuela’s previously satisfactory economy, is for them to loan a significantly large amount of money – $60 billion over the period of three years – to them. Theoretically, this would enable the central bank to terminate the printing of Bolívar’s. This would, in theory, diminish the on going decrease of the Bolívar’s value – which has lost 99% of its value since 2013 (Bloomberg 2019). Similarly, replacing the national currency all tog>GET ANSWER