Social security announced that they are currently sending out more than they are taking in. With 10,000 people turning 65 every for the next 19 years, it is predicted that Social security will be out of money by 2030. Does that year sound familiar? It is the same year that the life expectancy will be …
Without younger people to to provide for an increasing population, the pressure on Governments to provide increased entitlements from a smaller tax basis is unsustainable. We have seen this problem in many local municipalities that are considering bankruptcy. They promised civil servants substantial pensions at a relatively young age. Employment opportunities changed and the young …
97% of the world’s population lives in countries where the fertility rate is dropping. Not that long ago the world was shocked with the potential financial bankruptcy in Greece. The country had promised their citizens a lifetime pension starting at age 55. The decreasing fertility rate left an insufficient number of young people to support …
Human beings have NEVER lived this long. We have a record number of people over age 100 and it keeps increasing. Today the average life expectancy of men is 79 and 82 for women in the United States. We only rank 30th in the world so in other counties, the number is even older. In …
People still have options. Rather than have no coverage at all, people can buy catastrophic coverage through a Short Term Medical Plan. These plans are not guaranteed issue and do have pre-existing condition clauses. They are also not considered Essential Benefit Plans so a fine will be assessed if this is the only policy that …
2014 HealthCare Enrollments “In the Books”. Now What? Read More »
Today CNN has posted a story from Tami Luhby dated March 19,2014 regarding the lack of Doctors in the new insurance plans. This is a matter that I mentioned yesterday in the blog about how our healthcare has changed forever. You will see more articles in the future about uncovered prescriptions and large medical bills …
After almost 6 months of people purchasing their “New” insurance, we are finally noticing what the public’s new policies look like. First, people are buying higher deductibles than they ever thought. Prices have dictated these purchases. Others have purchased more reasonable deductibles with much smaller provider networks including a huge upswing in HMO plans. There …
I have found people more and more confused about their insurance coverage. Do I have first dollar coverage or does everything go through the deductible? Is my network of providers sufficient? Has the formulary of prescriptions shrunk? What happens if I lose my job and can’t pay my policy? If my income changes downward, can …
Remember all those cancellation letters you received? We are now being told to tear them up. More to follow! It looks like the Insurance Companies will be required to send out millions of more letters. Just a week ago we were told that these old policies were sub-standard. Confused? It is too bad that this …
This was just posted on CNN. Some 106,185 people signed up for Obamacare in its first month of operation, a period marred by major technological problems with both the federal and state enrollment websites. In the State of Arizona 739 people have successfully completed the maze. Stories abound of misinformation, crashing website, confusion and immense …
