Health Care Options for Young, Healthy and Broke

June 14, 2016

WASHINGTON — They’re young, healthy and flat broke — and now the government says they have to buy thousands of dollars’ worth of medical insurance. What should tapped-out twentysomethings do? Well, some may just do nothing. The annual fine for shrugging off the new federal insurance requirement, which is to begin in 2014, starts out at a relatively low $95, depending on income. That would be far cheaper than paying…


The 5 Biggest Obamacare Myths Explored, Explained and Debunked

June 5, 2016

Recently, in the wake of the Supreme Court’s favorable ruling on Obamacare, I wrote an article explaining what it would mean to the average middle class family. Almost immediately, the floodgates opened: The piece received more than 1,500 comments and my e-mail inbox filled up with questions from readers. It’s not surprising that there’s a lot of confusion about the impact that the health care reform law will have: the…


Tooth and Consequences: Fla. Woman Faces Medical Tourism Nightmare

June 2, 2016

Prev1 of 3Next Medical tourism is nothing new: For years, media outlets, including this one, have been reporting on the benefits of going to other countries for expensive medical procedures. But sometimes, cheap medical work can come with a high price — as the recent case of a Florida woman illustrates. On Wednesday, WFTV, an ABC affiliate in Central Florida, reported on the case of Helen Hyjek, a Palm Coast…


Colon Cancer Patient’s Tweets Shame Insurer Into Paying Medical Bills

May 27, 2016

Prev1 of 5Next There’s nothing new about using social media to battle big businesses: For years, the media has trumpeted stories of angry customers who voiced their gripes on social networks, often with great results. Recently, however, an Arizona cancer patient went to unusual lengths in his social media campaign, using Twitter and Facebook to engage the CEO of one of America’s biggest insurance companies in a dialog about America’s…


Something Shocking Is Coming to the McDonald’s Menu

May 21, 2016

McDonald’s (MCD) new ad campaign highlighting its “Favorites Under 400 Calories” isn’t just an attempt by the company to highlight its healthier items during the Olympics; it’s probably a preview of what’s to come from restaurants around the country. A provision in the Affordable Care Act will require some restaurants and other food vendors to display calorie information right on the menu. That has some companies, like McDonald’s, trying to…


Feds Sidestep Stubborn GOP Govs to Build Health Insurance Exchanges

May 18, 2016

Prev1 of 2Next By RICARDO ALONSO-ZALDIVAR WASHINGTON — Don’t look now: The feds may be outmaneuvering GOP governors who’ve balked at carrying out a key part of President Barack Obama’s health care overhaul law. Opponents of the law say they won’t set up new private health insurance markets called exchanges. But increasingly it’s looking like Washington will just do it for them. That means federal officials could be calling the…


GOP VP Pick Paul Ryan’s Medicare Plan Back in Spotlight

May 12, 2016

By RICARDO ALONSO-ZALDIVAR WASHINGTON — Republican Paul Ryan’s blueprint for Medicare could prove as polarizing in the campaign as President Barack Obama’s health care overhaul has been. Even Mitt Romney may not want to go there. Romney’s new running mate has built a strong reputation on Capitol Hill for bold ideas to restrain health care costs and federal spending overall. His centerpiece idea is to steer future retirees into private…


The Biggest Risk to Your Golden Years — It’s Not What You Expect

April 21, 2016

It Isn’t What You Expect Two hints: it’s not inflation, and it’s not taxes. The biggest risk to your nest egg is a long-term care event. With the average cost of long-term care in an assisted living facility at $3300 per month, a $100,000 nest egg could be wiped out in two-and-a-half years. A private room in a nursing home at an average daily rate of $222 will decimate that…