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.)
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.
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
For the past five years or so, I’ve managed the bills in our household. I know many of you reading this are like me – you have some bills that are exactly the same every single month. Think about your house note or rent, car notes, maybe even your cable or internet bill. These are all about the same amount every month.
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