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Full Coverage “for some people” August 2, 2013

Posted by Admin in Health Insurance, Healthonymous.
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After the attacks at the Boston Marathon, I was wondering about how the victims would be covered for their injuries. Who pays?

Boston Marathon Finish Line.1910. Author: Unknown.

Boston Marathon Finish Line.1910. Author: Unknown. (Photo credit: Wikipedia)

How would  “Romneycare” in the Commonwealth of Massachusetts work?  The answer is better than in the other 49 states, initially.

Here’s why: According to an article in the Huffington Post,

“Yet, given the extensive nature of some patients’ injuries, including lost limbs, there will be ongoing medical and rehabilitative costs that may not be covered by health insurance or by the Massachusetts safety net program. “The breadth of coverage could leave some people with some uncovered expenses given the severity of some of the potential injuries,” Bigby said. The Health Safety Net Program is limited to hospital costs.”

Then I read this on a Facebook page,

“There is something fundamentally flawed in our nation’s health care policy when the Boston bomber is having his medical bills paid for by the taxpayers he attacked, and the victims are resorting to seeking donations online.”

Corporate marathon sponsors are raising money for victims’ health care with a new foundation called The One Fund. ($31.1 million raised as of August.). Even a brewery is giving away money to another fund, the Greg Hill Foundation. Sometimes the funds raised take months to get to the people who need the money.

Hopefully this situation will be different.

Participants in the 2010 Boston Marathon in We...

Participants in the 2010 Boston Marathon in Wellesley, just after the halfway mark (Photo credit: Wikipedia)

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Health Care Quote of the Week: The conservative case for Obamacare October 2, 2012

Posted by Admin in Health Insurance, Health Quote of the Week.
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I can’t add very much to this NYT Opinion piece, save to say that its’ conservative credentials are impeccable. And the writer believes that the President’s health care plan (Patient Protection and Affordable Care Act) is a wonderful piece of legislation, not for  liberals but conservatives.

But here’s the dirty little secret:

“This explains why the health insurance industry has been quietly supporting the plan all along. It levels the playing field and expands the potential market by tens of millions of new customers.”

To which I would add, check your health insurance stocks, mutual funds and ETF’s. Are their shareholders complaining about performance in the last three years?

(This post is not a solicitation to buy or sell securities)

English: Barack Obama signing the Patient Prot...

English: Barack Obama signing the Patient Protection and Affordable Care Act at the White House (Photo credit: Wikipedia)

Romneycare… March 17, 2010

Posted by Admin in Diary, Health Quote of the Week.
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From Paul Krugmans’s blog on March 14th:

Republicans are saying that what makes Obamacare a socialist takeover, whereas Romneycare wasn’t, is the fact that unlike Romney’s plan, Obama’s plan cuts government spending.

As he said: Oh. Kay.

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