Bail Out or Bailout?

“Bail out” means to jump from an airplane. Lately, we’ve been hearing a lot about it…especially when it comes to health insurance. Does it really mean that Congress intends to throw insurance companies out of an airplane? They might want to, but the current use of the term I’m focusing on is health insurance “bailout,” and it has nothing to do with air travel. The Affordable Care Act (ACA or Obamacare) created two subsidies for low income people purchasing individual health insurance … [Read more...]

What About Obamacaid?

Public opinion regarding the Affordable Care Act (ACA), or Obamacare, runs hot or cold based largely on political party alignment. The reality is the vast majority of Americans have had no significant interaction with Obamacare. I believe most Americans are largely confused regarding what Obamacare is and isn’t. The recent Republican-failed effort to repeal and replace Obamacare, and the subsequent town hall protests, strengthen my belief in the confusion. Part of the confusion comes from … [Read more...]

What About Obamacaid?

Public opinion regarding the Affordable Care Act (ACA), or Obamacare, runs hot or cold based largely on political party alignment. The reality is the vast majority of Americans have had no significant interaction with Obamacare. I believe most Americans are largely confused regarding what Obamacare is and isn’t. The recent Republican-failed effort to repeal and replace Obamacare, and the subsequent town hall protests, strengthen my belief in the confusion. Part of the confusion comes from … [Read more...]

What do Hurricanes and High Deductible Health Plans Have in Common?

The recent destruction and flooding caused by Hurricane Matthew caused me to think about the different way we view homeowner’s insurance and health insurance. Seems like an odd comparison, but stay with me on this. Many individuals shy away from high deductible health plans and opt for a more expensive preferred provider organization (PPO) plan even though their maximum exposure is identical under both types of plans. Yet, the same individual has a high deductible homeowner’s policy for their … [Read more...]