Opinion: There’s another source of protective medical equipment that hasn’t yet been discussed: Dentists and veterinarians. With the right financial incentives, dentists and vets can help bridge this critical gap.
A “war bonds” style bond exchange.were federally backed patriotic debt securities purchased by citizens to finance the war efforts of World Wars I and II. Citizens purchased bonds to generate federal monetary supply in exchange for a guaranteed return on their security with interest at a lower rate. In echoing a war-time call to combat disease, modeling a similar initiative for protective equipment could incentivize donations faster and at lower cost to the government than a direct buyback.
Here’s how a bond program could work: The government could set the value of a “COVID bond” at a discounted Medicare rate for the protective equipment and guarantee a set rate of interest. For example, if you donated $100 worth of masks, the government would issue you a bond currently valued at $80 with a guaranteed rate of 2.5% interest a year. At the end of a 15-year term, the bond would be valued at $115.86.
With hospital supplies nearing critical levels, the federal government must use creative policy tools to bolster dwindling supplies of protective equipment. Tapping existing inventory of masks, gowns and gloves in dental and veterinary offices can ease the shortage of personal protective equipment as we wait for supply chains to ramp up.
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