Insurance Aspect 1 & 3
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The AIG Bailout Scandal

The AIG Bailout Scandal | Insurance Aspect 1 & 3 | Scoop.it
The government’s $182 billion bailout of insurance giant AIG should be seen as the Rosetta Stone for understanding the financial crisis and its costly aftermath.
Stephen Fischerkeller's insight:

AIG, one of the largest insurance companies in the world, had a breakdown and almost went completely out of business.  They requested government assistance to try and get out of the whole that they had dug themselves so deeply into.  The government complyed, which led to a $182 million bailout which is actually the largest in U.S. history.

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Stephen Fischerkeller's comment, April 4, 2014 9:18 AM
Fed and Treasury officials dismiss this critique as second-guessing of tough decisions they had to make in the fall of 2008, amid the quick-moving global crisis. Yet two years later, those controversial decisions remain highly relevant. Public anger has not abated. It fuels the election turmoil that this year threatens to bring down incumbents in both parties who voted for bank bailouts.
Stephen Fischerkeller's comment, April 4, 2014 9:19 AM
Although the AIG bailout was carried out in the waning days of George W. Bush’s presidency, the popular sense of injustice has deeply scarred Barack Obama, since he too adopted a forgiving approach toward culpable financial interests. President Obama came to office intent on restoring public trust in government. His indulgence of the mega-banks led to the opposite result.<br>
Tami Yaklich's comment, April 10, 2014 8:37 AM
These are mostly word for word, not paraphrased!!!! Put quotes around what you use word for word and be sure to primarily paraphrase most of your information
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Finding health insurance options after the Affordable Care Act ...

Finding health insurance options after the Affordable Care Act ... | Insurance Aspect 1 & 3 | Scoop.it
Chicago Tribune. By: Carolyn Bigda. Open enrollment for the new health care marketplace is well underway, and 20- and 30-somethings are signing up for coverage. According to the Department of Health and Human ...
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Stephen Fischerkeller's comment, February 21, 2014 8:13 AM
Open enrollment for the new health care marketplace is well in motion, and between the age of 20 and 30 are signing up for coverage. According to the Department of Health and Human Services, more than half a million 18- to 34-year-olds had selected plans that will work through end of December. Young adults have the highest rate of not being insured in the U.S. which is estimated to be 19 million that lack coverage, according to some estimates — and while you have until March 31 to sign up for care through state and federal governement, but you definitely don’t want to wait too long.
Tami Yaklich's comment, March 3, 2014 9:43 AM
Make sure you are PARAPHRASING!!!!! Most of this is taken word for word from the source.
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There's A Basic Flaw At The Heart Of Obamacare

There's A Basic Flaw At The Heart Of Obamacare | Insurance Aspect 1 & 3 | Scoop.it
Remember the big flap about the Supreme Court ruling on the Affordable Healthcare Act (AKA – Obamacare – ACA)?

Via EA
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Stephen Fischerkeller's comment, February 21, 2014 7:46 AM
This is a problem because the penalty ($700 a year per person) was supposed to be the punishment that forced people to go out and buy their own insurance. One either buys health insurance, or they will simply have to pay a price.
Stephen Fischerkeller's comment, February 21, 2014 7:49 AM
The basic premises of ACA is actually a fraud. CBO estimated that there will be around 30 million uninsured Americans in 2016 when Obama Care goes into effect. Of that 30 million, several groups will be excluded from paying the penalty.<br><br><br><br>
Stephen Fischerkeller's comment, February 21, 2014 7:53 AM
1) Undocumented workers.<br>2) Religious Beliefs<br>3) Native Americans<br>4) Individuals and families with low incomes.5) Anyone who does not file federal income taxes.<br><br><br>6) Individuals who can’t afford the cost of health insurance.
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Public Health Insurance Companies On The Obamacare Exchanges - DailyFinance

Public Health Insurance Companies On The Obamacare Exchanges - DailyFinance | Insurance Aspect 1 & 3 | Scoop.it
The CBO has projected that by 2016 an additional 22 million people will find some form of health insurance coverage through the Affordable Care
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Stephen Fischerkeller's comment, February 21, 2014 8:01 AM
WellPoint which operates under the Anthem Blue Cross Blue Shield brand plans to offer it in 612 counties in 12 states on the Federal Marketplace. Anthem also has a large presence in a lot of the state exchanges especially in California which is by far the largest market for the exchanges.<br>
Stephen Fischerkeller's comment, February 21, 2014 8:07 AM
Humana doesn't have as big as a national presence, but in the areas the company participates in, the company should capture a large proportion of new consumers. Humana's plan offerings target high density urban areas and are priced lower than almost all other competitors.
Stephen Fischerkeller's comment, February 21, 2014 8:17 AM
Humana and Aetna have both spoken out about the makeup of the initial enrollment. The biggest issue is the possibility that too many largely expenisve/ill consumers are joining the new pools of insurance with companies likely to pay more in costs than they are actually recieving from premiums. There is a fairly good chance that this will be an issue if it continues three to four years down the line, however it is not a big problem at the moment.