Mike’s Life Insurance Advice

Citizen: Does Money Grow on Trees?
Government: Of course not.
Citizen: Then where did all of this money come from?
Government: .……

So by now I am assuming we have all heard about the stimulus package that made its way through the House without a single Republican vote. The almost $900 Billion dollar package is headed for the Senate now to see whether or not it will be approved. There is some skepticism in both parties and many Democratic senators have said that they aren’t sure if they will vote for or against the Bill. President Obama being brand new to the Oval Office wants to show that he is fair so he is going to meet with both sides to see if something can be worked out in a way that will make everyone happy.

So what effect will this have on insurance? Well, many of the state governors, including the Republicans are hoping that the stimulus package will pass through the Senate because their financial budgets are dwindling. The new healthcare plan calls for more money to be spent on better care facilities and better care for all people. I’m assuming eventually including the uninsured. The States will also be responsible for paying for health insurance like Medicaid for the disabled in the community. The best way to keep their states afloat is to introduce more money into the economy so that more money can be spent. “Health care hasn’t become affordable because it hasn’t yet gone through disruptive decentralization.” In 2003, Christensen introduced the concept of “disruptive innovation,” which is “an unexpected new offering that through price or quality improvements turns a market on its head,” the Times reports. If you want to read more about this, Check out some of these articles:
http://www.medicalnewstoday.com/articles/137604.php
http://www.medicalnewstoday.com/articles/137600.php