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March 3, 2014
18:19 // 7 months ago
May 4, 2013

Despite explosive potential, Texas fertilizer plant had very little insurance

  • $100M one estimate of the damages caused by the deadly explosion in West, Texas, which leveled a large portion of the town and registered on the Richter scale. A total of 15 people died from the incident and another 200 were injured.
  • $1M the amount in insurance the West Fertilizer Co. had for liabilities on the property. According to one estimate from late 2012, 270 tons of ammonium nitrate were sitting on the property. source
23:29 // 1 year ago
October 30, 2012

Early damage estimates for Hurricane Sandy are starting to emerge

  • $5-10B in insured losses are expected by Eqecat, a firm used by many in the insurance industry to estimate natural disaster exposure
  • $10-20B in economic losses were also predicted, and the numbers are only expected to increase. Analysts don’t expect the the losses to have a serious effect on insurance companies outside of an all but guaranteed drop in quarterly earnings.  source
12:39 // 1 year ago
October 11, 2012
We don’t have people that become ill, who die in their apartment because they don’t have insurance.
Mitt Romney today. Actually, about 26,000 Americans die every year because they don’t have health insurance, so Romney is flatly wrong (and, in our eyes, being a bit disrespectful to about 26,000 American families). He also said that "we don’t have a setting across this country where if you don’t have insurance, we just say to you, ‘Tough luck, you’re going to die when you have your heart attack.’" source
13:53 // 2 years ago
September 19, 2012

Individual mandate to hit 6 million Americans

6M Americans per year will pay a penalty under the Affordable Care Act’s individual mandate, according to a new CBO estimate

$8B in additional revenue per year will be collected via these penalties source

17:35 // 2 years ago
June 7, 2012

New York City could suffer massive financial losses from hurricane

  • 95.5% the odds that a hurricane will hit the Miami area in the next 50 years
  • 6.6% the odds a hurricane will hit NYC in the next 50 years source

» But if one does hit NYC, it’ll cost a bundle: CoreLogic, a data-analysis firm, estimates that the area most in danger of major financial loss if a hurricane hits it is New York City — with some estimates reaching as high as $100 billion in insured losses. To give you an idea of how bad it could be in NYC, Hurricane Irene, which was a fairly minor tropical storm when it hit the city last summer, still caused $6 billion in damage in the New York/New Jersey region.

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10:53 // 2 years ago
July 8, 2011

Breakthrough Medicaid study proves its usefulness

  • 35% increased likelihood Medicaid users would go to a doctor
  • 15% increased likelihood they would use prescription drugs
  • 30% increased likelihood they would get admitted to the hospital source

» A new study with broad ramifications: The results of the National Bureau of Economic Research’s study may seem obvious, but the debate on whether or not to cut funding for Medicaid has long rested on whether experts thought low-income people would actually use the public form of medical insurance. The new study proves this is the case, and does it in an interesting way — rather than comparing the insured to the uninsured (a common tactic used before), the study treated Medicaid the same way researchers might treat a drug. The result? Fellow researchers are hailing the study as “historic” and say it’ll shape national health care debates for years to come.

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14:08 // 3 years ago
May 26, 2011

Two ways Obama’s health care plan is actually working

  • Who’s getting insured? A greater number of people under 26 now get to stay on their parents’ insurance. It helps because they’re paying for it — meaning that they’re helping lower costs for the elderly. When they get older, they’ll be helped by younger generations in the same way.
  • Who’s insuring people? As small businesses are getting incentives for providing health care, insurance-providing businesses with fewer than 10 employees have grown by 46%. That’s huge; it helps people who need health care most. And the IRS has approved more incentives, too. source

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12:32 // 3 years ago
February 28, 2011

President Obama hedges on health insurance mandate

  • old The Affordable Care Act became law, hinged on the concept of an individual mandate. Basically, everybody must buy health insurance, thus lowering the liability costs that the insured must cover for the uninsured. This prompted a slew of legal challenges from the states — mostly ones with Republican governors.
  • new President Obama has announced that he supports legislation allowing states to opt out of the individual mandate by 2014, if they can reasonably illustrate that they can keep the same coverage rates. Is a modest dose of health care reform — in truth, more health insurance reform than anything else — being watered down? source

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13:20 // 3 years ago
January 18, 2011

America needs the healer’s touch

  • 129 million may suffer from preexisting conditions source

That’s the high-end estimate, thankfully. The study by the Department of Health and Human Services, aimed at Americans under 65, does state a low-end estimate of 50 million, but notwithstanding- that’s a whole lot of sick.

13:34 // 3 years ago