Money
GAO Reports: Health Insurance Exchanges & College Students and Food Assistance
Claims costs generally grew from 2014 to 2017, but selected issuers sometimes experienced wide swings in costs from year to year. Most issuers attributed the volatility in costs, in part, to large changes in the number and health of enrollees each year. Average monthly claims costs varied significantly across issuers in the same state. For selected issuers, differences in per member per month claims costs within a given state were often more than $100 — significant given that median per member per month claims costs were about $300. Selected issuers also varied significantly in their decisions to expand or reduce their participation in the exchanges and make changes to premiums and plan design. more »
What Does Your House Really Cost and Can You Afford It In Retirement?
While it is certainly admirable to pay off your mortgage before you retire, our experience is that retirees and pre-retirees over-estimate the impact. In today’s world of low mortgage rates, paying off the last $100,000 of your mortgage, may free up cash flow, but isn’t saving you much in interest cost. You are still left with paying insurance, and property taxes, which will continue to go up. If you consider the fact that the IRS allows for a building to depreciate over 27.5 years, it stands to reason that you may need to almost completely replace your home over 25-40 years. And if you are banking on your home to pay long-term care costs or for a move to a more elderly friendly environment, you might be disappointed in what you get. more »
A New Lawsuit and Partial Shutdown: Alleging that the Federal Government is Violating the Law by Requiring Some Federal Employees to Work Without Pay
Editor's Note: Two points about this lawsuit are it doesn't force an injunction and doesn't protect private contractors. "Our members put their lives on the line to keep our country safe,” said J. David Cox Sr., national president, American Federation of Government Employees, “requiring them to work without pay is nothing short of inhumane. Positions that are considered ‘essential’ during a government shutdown are some of the most dangerous jobs in the federal government. They are frontline public safety positions, including many in law enforcement, among other critical roles. A substantial number of those working without pay are military veterans." more »
I Never Thought I'd See ... Chambermaids Do Not Seem to Be in Any Danger of Being Replaced by Chambermisters
Rose Madeline Mula writes: It’s interesting to note that in some areas men are managing to withstand female infiltration. Doormen are still doormen, for example. I know that I, for one, have yet to see a door woman. Since Joan Rivers’ failed foray into the arena, late-night TV hosts are still male. Since Oprah’s retirement, Ellen DeGeneres still rules the afternoon; but will we ever see a Stephanie Colbert or Jenny Kimmel after dark? Females, on the other hand, unfortunately, seem to have a lock on less prestigious, less lucrative careers. more »