3 Key Ways Obamacare Changes Health Coverage:
1) Preexisting conditions won’t matter: You can no longer be denied coverage or charged steep premiums because of a preexisting condition—or qualify only for insurance that excludes your medical condition.
2) Early retirees can breathe easier: You’ll still be able to keep COBRA coverage after 2014, but you may find a better deal on your own, now that you can’t be rejected or charged more because of your health.
3) Young adults may pay more: Unfortunately, healthy young adults looking for coverage on their own are likely to face some of the steepest premium increases under the new law.
Learn more on Kiplinger.com.
What We’re Reading, 3/28/12
Every morning, we poll the staff and round up their favorite economic, financial and political reads of the day. On our collective radar today: debt deal #longreads, Gingrich staff cuts, and the true cost of fine dining.
"Obama vs. Boehner: Who Killed the Debt Deal?" By Matt Bai (The New York Times magazine). Bai’s much anticipated 9,700-word story might be the conclusive take on the so-called “grand bargain” that collapsed last summer. “If we understand what really went on last July, then we’ll have a better sense of how difficult it will be for the two parties to stave off the coming political calamity and why, too, the situation may not be quite as hopeless as it seems,” writes Bai.
"Gingrich Cuts Staff, Aims for Tampa," by Mike Allen and Ginger Gibson (Politico). Gingrich slashed his staff by a third this morning in what Politico calls an attempt to save his “flailing” campaign. Kiplinger’s Richard Sammon explained last week why Gingrich is still hanging in the race, despite his losses.
"Diane Sawyer Sits Down With Federal Reserve Chairman Ben Bernanke" (ABC World News). Sawyer grilled the Fed chairman on gas prices, the housing market and unemployment during last night’s World News. His response in a nutshell: “I think that our economy’s gonna recover and continue to grow and be a world leader. But we’ve got a lot of challenges, and there’s no covering up that fact.”
"Why More Americans Are Living Alone" (PBS NewsHour). While we’re talking transcripts, here’s another interesting segment that aired last night: Eric Klinenberg, a sociologist at New York University, breaks down “the biggest social change of the last 50 or 60 years” — more Americans live alone. It could have huge implications for urban planning and economies in the future.
"High-End Food, Low Wage Labor," by Laurie Woolever (Dissent magazine). Woolever dissects restaurant economics, where chefs and executives take home big paychecks — but most employees make about $274 a week. The story is paywalled on Dissentmagazine.org, but still available (where else!) on Woolever’s Tumblr.
"What Does the Health-Care Law Mean to Me?" By Wilson Andrews and Karen Yourish (The Washington Post). We aren’t reading this interactive, per se, but it explains the implications of health care reform better than many a story on the subject. “Answer a few questions and get a quick overview of how the health care law will impact you,” says Kip reporter Neema Roshania. “It’s pretty cool!”
What are you reading?
What We’re Reading, 3/27/12
Every morning, we poll the staff and round-up their favorite economic, financial and political reads of the day. What we’re talking about in the break room this morning: the Supreme Court, the Supreme Court, and … the Supreme Court. Plus a little bit about pop-up kitchens.
Department of Health and Human Services, et al., vs. Florida, et al. — Day 1 Transcripts (PDF). “After reading a lot of analysis with the same feel last night, I went straight to the source this morning — the court-provided transcripts of Monday’s argument,” says David Morris, Kiplinger’s senior political editor. “The transcripts generally take up to a week to land on the SCOTUS website. It’s remarkable that we can see these the same day.”
Also worth reading on this issue:
"Health Care Law: 5 Supreme Court Takeaways," by Jennifer Haberkorn and Josh Gerstein (Politico). A helpful breakdown of the first day’s arguments, with sub-headings and lots of quotes — in case you don’t want to dig through that aforementioned PDF.
"Public Still Opposes Health Care Mandate," by Ronald Brownstein (National Journal). Some interesting context as the debate continues: National Journal’s latest opinion poll finds that only 28 percent of Americans actually support the mandate currently before the court.
"Health Law Accelerates Industry Changes," by Phil Galewitz (Kaiser Health News). Private practices, patient records, and health care plans are changing — regardless of the outcome of this week’s case.
In other news…
"Russian President Lobs ‘Hollywood’ Charge at Romney," by Gabriella Schwarz (CNN). "It’s the biggest political story of the day," says Letter editor Ken Bazinet, regarding comments that Russian President Dmitry Medvedev made in South Korea on Tuesday. Romney called Russia "a geopolitical foe" on CNN’s "The Situation Room" yesterday — which, as Ken points out, "kind of left him open to a history lecture on the Cold War."
"Gray Nation: The Very Real Economic Dangers of an Aging America," by Derek Thompson (The Atlantic). A disconcerting new paper by economists James Stock and Mark Watson forecasts deeper recessions and slower recoveries as America’s demographics shift.
"A Game Explodes and Changes Life Overnight for a Struggling Start-Up," by Brian Chen and Jenna Wortham (The New York Times). The success of Draw Something, a Pictionary-like smartphone app, could prove game-changing for young entrepreneurs.
"Pop-Ups Are Taking Over the Kitchen," by Katy McLaughlin (Wall Street Journal). Thanks to the steep cost of starting a small business, pop-ups are the new food trucks. Or restaurants. Or both.
What are you reading?
What We’re Reading, 3/26/12
Every day, we poll the staff and round-up their favorite economic, financial and political reads. What we read over lunch this afternoon: Health reform, a house made of euros, and how much money interns really make.
"Health Reform at Two: Why American Health Care Will Never Be the Same," by Sarah Kliff (The Washington Post). This explainer on the Affordable Care Act came out over the weekend, but we’ll be referring to it often as the Supreme Court takes on the law this week. Also worth re-reading, as the arguments unfold: “How They Did It,” The New Republic’s inside look on the making of the controversial law.
"Not Worth the Paper It’s Built On," by Sarah Lyall (The New York Times). An unemployed Irishman built an apartment from thousands of bricks of decommissioned euros. Now he lives in his metaphor for the country’s financial woes.
"Do College Professors Work Hard Enough?" By David Levy (The Washington Post). At Montgomery College in Maryland, professors work 15-hour weeks for 30 weeks of the year — and make $88,000 on average. “Why are tuition increases the only certainty in our topsy-turvy world?” Asks web editor David Muhlbaum. Levy’s answer: Overpaid professors. “Sure to provoke a healthy backlash!” David adds.
"The True Cost of Lost Phones," by Mitch Lipka (Reuters). $7 million a day, $30 billion a year. Need we say more?
"The Intern’s Burden" (New York Magazine). New York’s long-running 100-person poll turns its attention to local interns — many of whom make absolutely no money, if this survey is any indication.
What are you reading today?