Why doctors are offering free tax prep in their waiting rooms | Lucy Marcil
TED Talks Daily
TED
4.1 • 12.1K Ratings
🗓️ 23 July 2018
⏱️ 5 minutes
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Summary
More than 90 percent of children in the US see a doctor at least once a year, which means countless hours spent in waiting rooms for parents. What if those hours could be used for something productive -- like saving money? Through her organization StreetCred, pediatrician and TED Fellow Lucy Marcil is offering free tax prep to parents right in the waiting room, reimagining what a doctor's visit can look like and helping to lift families out of poverty. Learn more about how free tax prep and guidance could be the best poverty prescription we have in the US.
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Transcript
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| 0:00.0 | This TED Talk features pediatrician and social entrepreneur Lucy Marcell, recorded live at TED 2018. |
| 0:09.9 | How many of you have had your doctor ask you about sex? Your mental health, alcohol use. These questions are almost universal, but how many of you have had your doctor ask you about money? |
| 0:24.6 | Most of us haven't. |
| 0:26.6 | But that is strange because compared to most high-income countries, |
| 0:30.6 | child poverty is an epidemic in the United States. |
| 0:34.6 | It creates conditions that may elevate stress hormone levels |
| 0:39.3 | and impair brain development. |
| 0:42.3 | Poor children in the U.S. are one and a half times more likely to die |
| 0:47.1 | and twice as likely to be hospitalized as their middle-class counterparts. |
| 0:53.3 | So, my colleague, Dr. Michael Hull, and I started asking moms about money. |
| 1:00.3 | We knew we needed to reimagine what a doctor's visit looks like |
| 1:04.3 | to get kids out of poverty and to give them a fair shot at a healthy life. |
| 1:10.4 | Our questions led to a surprising solution, tax credits. |
| 1:15.5 | It turns out the earned income tax credit, or EITC, |
| 1:20.0 | is the best poverty prescription we have in the US. |
| 1:24.2 | The average mom gets $2,000 to $3,000 a year from it. |
| 1:28.4 | When families get it, moms and babies are healthier. |
| 1:32.0 | Fewer depressed moms, babies weighing more at birth. |
| 1:36.3 | But one out of five families who could get it doesn't, |
| 1:40.7 | and most who do lose hundreds of dollars to the for-profit tax preparation industry. |
| 1:47.0 | One day, a mom asked us why we couldn't do her taxes while she waited for the doctor. |
| 1:54.0 | We all know that purgatory. Why not make good use of that time? |
... |
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