Two weeks ago in Straight Talk, I gave you the background of the Individual health insurance marketplace. As you recall, it began in the United States in 2013 when the federal government introduced Healthcare.gov, also known as the health insurance exchange. (As an aside, the ACA just marked 11 years in existence – more on that history here.)
Can you remember your first credit card? Oh my. My memory of that is strikingly clear! It was April 1984 (yep, I’m old) and I was a senior at LSU, when a credit card from JC Penney’s just showed up in my mailbox at the student union.
Part 1: Background
Since early in 2013, American citizens who don’t get an offer of affordable health insurance through work (that’s about 10% of working adults) have had another significant coverage option.
I love working for Blue Cross and Blue Shield of Louisiana. And I am 100% sold on the notion that the best way to pay for a person’s healthcare is by creating entities just like us and giving them the freedom to make local decisions and manage our healthcare funds. Read more
Mike originally wrote and published this piece in 2015. Blue Cross has gotten similar messages in the years since, so he decided to go back and see if his answer still stands. He’s added more details in this post, but the crux of his answer is the same. Read more
Years ago, I saw a wonderful movie called “Other People’s Money.” If you haven’t seen it, I highly recommend you do, especially the monologues in the last 20 minutes of the film. Really first-class lessons in economics and capitalism encoded into a movie.
At one point in the movie, a merger and acquisition specialist (played by Danny DeVito) uses this (paraphrased) example to explain how technology changes our lives: Read more