I’m sure we’ve all seen the news by now – we’re having a very tough flu season. I like to add perspective to the headlines, so today I’ll share a bit of what I’ve learned about the flu with you.
Requiem for the Individual Mandate
I’ve always liked the word “requiem,” which the dictionary says means “a ceremony or remembrance of someone who has passed away.”
Just a few days ago, we got this post on Facebook:
“I want to start by saying thank you for helping my autistic son out so much for so long. He has made significant progress at the therapy center he goes to and he now has hopes for an independent life. But…I can’t afford you anymore. Last year, my son’s insurance went up significantly. We just received the letter, like last year, saying it was going up again a significant amount again next year. I cannot fathom paying anymore in insurance, which his alone is already more than my mortgage. More than my mortgage…How is it possible for anything to actually get better for my family at this breakneck pace… My son needs help….And I’ll probably stick with you….Because you’re the only safe option for my son.”
Last week, I took a well-deserved vacation. As I perched on the balcony of a nice condo on a balmy October day, enjoying an amazing view of the Gulf of Mexico and people below swimming, sunning and playing, my phone started going crazy. I mean crazy.
At its heart, health insurance is a pretty simple business. Instead of running the risk of a medical situation that outstrips your ability to pay for it (and in the healthcare world, that’s a pretty common occurrence), you transfer some or most of that risk to another entity (like Blue Cross).