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Massachusetts’ Misguided Middle-Class Health Insurance Subsidy Expansion

Proposal to Expand Subsidies Up to $150,000 for a Family of Four Will Have Huge Unintended Consequences The average annual family health insurance premium in Massachusetts costs more than buying a new compact car (over $21,000/yr), so it is understandable that some are calling for ways to shield patients from this ever-increasing expense. However, the latest proposal on Beacon Hill to expand insurance subsidies up to 500 percent of the federal poverty level (FPL) (ie $150,000 for a family of four or $73,000 for an individual), could have long-term irreversible impacts that merit its rejection . (Photo by Christopher Furlong/Getty…
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States with abortion bans could drive away young doctors, especially OB-GYNs, a survey finds

Medical students say strict abortion laws are driving them away from pursuing careers as doctors in states where the procedure is banned. The finding comes from a survey of third- and fourth-year medical students, conducted from August through October of last year — just after the June 2022 Supreme Court Dobbs decision that overturned Roe V. Wade, which for nearly 50 years granted the right to an abortion across the US The reluctance to be a medical resident — young doctors who train in hospitals or clinics after graduating medical school — in states with abortion bans could further strain…
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US health care system benefits insurers, not patients

Could this be the year when America starts to shift away from the employer-sponsored health insurance model? To be sure, health care is an issue that concerns most people. Whether it is accessing care or paying for health care services, few people are free of the anxiety that comes when they or a loved one must undergo treatment for an acute life-threatening or debilitating chronic condition. In spite of the $4 trillion spent in 2021 on health care in the United States, the highest per capita spending in the world, life expectancy in our nation continues to languish in comparison…
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How To Decide Which Bills To Put on Autopay

bbernard/Shutterstock.com Manually paying bills can be a drag, which might prompt you to try autopay. But which bills should you choose to automatically deduct payments from your bank account? See: 5 Brand-New Items at Dollar Tree That Cost Way More at TargetFind Out: How To Build Your Savings From Scratch “Autopay offers both advantages and disadvantages when it comes to managing your expenses,” said Andrew Latham, certified financial planner and director of content for Supermoney. “Pros include timely payments, convenience, easier budgeting and potential interest savings. However, cons, such as insufficient funds, reduced flexibility, limited control and potential errors should…
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State alleges Health Partners illegally denied mental health coverage, says the company is cooperating

Updated: 2:00 p.m Minnesota officials hit Bloomington-based insurance and health care company Health Partners with a consent order for allegedly violating laws related to mental health parity. State and federal laws prohibit health insurance companies from evaluating mental health diagnoses or treatments more stringently than they do for other forms of care. “This is one example of our commitment to enforcing mental health parity laws and making sure that Minnesotans can get access to the coverage that they’ve paid for,” said Commerce Commissioner Grace Arnold. “We want to make sure that people have fewer barriers, and this is a way…