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Why free-market economists aren’t impressed with Trump’s deregulation efforts

“Along with tax cuts, deregulation is one of the signature policies of the Trump administration” writes Scott Sumner for marketwatch.com. Attorney General Jeff Sessions reversed Obama administration policy and began adopting a stricter stance against marijuana legalization in the states.The Trump administration seems intent on freeing up banks to take greater risks, without first removing the federal policies that already encourage excessive risk taking.While the Trump administration likes to say it is cutting regulations, the truth is that the number of regulations has continued to increase.The Trump administration has not…

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The political war for your right to health care

“Quentin Young, one of the great champions of public health care, has been among the leaders in the war to establish a national health care system that actually works for everyone” writes Phil Kadner for suntimes.com. Adam Gaffney, president of Physicians for a National Health Program and an instructor at Harvard University. “In our view, national health care ought to cover dental costs and eliminate co-pays.One recent poll showed that 51 percent of Republicans want national health care.And their primary motivation is profit, not your health care. Source: suntimes.com Share This:

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My son has a rare illness that falls between the cracks of healthcare coverage, and we’ve struggled to find a solution

“He had his tonsils removed, which insurance covered” writes Julia Tell for businessinsider.com. The hospital stay cost over a thousand dollars a day, which our insurance covered.We have insurance, we have discovered what this mysterious disease is, and we are getting some treatment to get my son better.But our insurance denied a doctor recommended, but “experimental,” treatment for PANDAS — intravenous immunoglobulin treatment (IViG). Source: businessinsider.com Share This:

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After judge’s ruling against Obamacare, what happens now?

“The impact would go well beyond the more than 20 million people who are directly covered through the Obama health law” writes Associated Press for seattletimes.com. That means that beginning in January, there no longer will be a penalty for not purchasing health insurance.WASHINGTON — A federal judge’s ruling would, if upheld, wipe away the entire Affordable Care Act, the health-care overhaul championed by President Barack Obama and twice sustained by the Supreme Court.Although O’Connor said the entire law must fall, he did not grant a request from its opponents…

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Markets News 

This is how insurtechs are transforming their offerings for gig workers and freelancers

“We have opted to focus on three areas of insurance particularly relevant to the gig economy: vehicle insurance, home insurance, and equipment and liability insurance” writes Lea Nonninger for businessinsider.com. Gig economy workers are not employed by these platforms, and therefore typically don’t receive conventional employee perks, such as insurance or retirement options.The gig economy is becoming a core element of the labor market, pushed to the fore by platforms like Uber and Airbnb. Source: businessinsider.com Share This:

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The Texas Obamacare ruling’s biggest impact could be on insurance costs

“It is bad enough that incremental challenges to its individual insurance exchanges have already pushed millions away from the pool” writes J B for marketwatch.com. This isn’t good for insurance costs, no matter what your beliefs are about the program, also known as Obamacare.As a former insurance company CEO, I question whether this is enough to drive insurers away from the individual market.If premiums cover costs for a sufficient number of customers, the profit potential will keep it going. Source: marketwatch.com Share This:

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Businesswoman accused of breast cancer insurance fraud

“published on December 14, 2018 – 2:15 PM Written by The Business Journal Staff A local businesswoman has been charged with 67 counts of insurance fraud for overbilling the insurance companies of breast cancer patients” reports thebusinessjournal.com. Benta Jean Fries, 49, of Clovis, is accused of a four-year scheme to overbill insurance companies as part of her business, Silhouette Breast Prosthetics. Source: thebusinessjournal.com Share This:

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The Medicare-For-All Paradox

“When President Obama and Democrats in Congress settled on a health care plan, they largely left big employer plans alone” writes Dec Est for vox.com. Health care spending for job-based insurance increased by 44 percent from 2007 to 2016, according to researchers at the Health Care Cost institute.But their plight reveals the cracks, increasingly difficult to ignore, in the bedrock of American health care: employer-sponsored insurance.The economics are pretty straight-forward: Employers save on taxes when they spend money on health care instead of wages.Employer health insurance does do a few…

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I opted out of health insurance and then had a medical emergency. Here’s how Medicaid is rescuing me from $50,000 in medical bills.

“That is, until almost immediately after I was removed from my parents’ health insurance policy” writes Olivia Young for businessinsider.com. Medicaid is a health insurance program offered to low-income Americans, and funded by both the federal and state governments.Slowly, I am easing out of the poverty bracket and cueing up healthcare plans for the future because I certainly won’t be wandering the streets without health insurance anymore.Then, eight months after I turned 26 — the age when I, by healthcare standards, became an “independent” — I found myself in the…

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Health law sign-ups lagging as Saturday deadline is looming

“Disappointing sign-ups will add to the long-running political blame game over health care” reports thebusinessjournal.com. Short-term health insurance plans don’t have to offer basic benefits such as prescription drugs, and insurers can turn down people with medical conditions.A former Republican Senate health care staffer who launched Rhode Island’s health marketplace said ongoing consumer education is needed to grow enrollment.A few states that run their own health care websites have later deadlines.But boosting sign-ups “was not a priority” for the Trump administration, said Ferguson, now a consultant. Source: thebusinessjournal.com Share This:

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