Health Insurance News
“Medicare is very complicated and confusing,” said Diane J. Omdahl, co-founder and president of 65 Incorporated, a provider of Medicare software and consulting services. “The people who are turning 65 are at the biggest risk for making mistakes.”
The average monthly cost of health insurance went up 47 percent this year for those that buy on the individual market. A single person making just less than $50,000 a year qualifies for assistance. So does a family making just more than $100,000. Everyone else pays the full price tag.
Perhaps the biggest key to the coalition leaders’ strategy is their disavowal of profit motives. The new company they plan to establish will not seek to profit off of health care, unlike the industry’s leading for-profit insurers, drug makers and many health care providers.