This week, Doublas W. Elmendorf, the director of the CBO, sent Representative a letter indicating that the bill would cost even more. The CBO analysts found another $115 billion that needed to be added to the cost of the bill. Good-bye $1 trillion ceiling. The revised estimate puts the total cost of the bill for the initial ten years at $1.05 trillion. But what’s $115 billion between friends?

Educating public so that they do not have undue expectations is as important as the launch of healthcare reform itself.

It doesn’t take a genius to foresee the pitfalls of ignoring actuarial reality. The foundation of insurance is actuarial science. Massachusetts has proven in the social laboratory that the laws of actuarial science are immutable.

Health care insurance providers develop drug formularies to meet the health needs of the vast majority of its plan members, but no single formulary includes every drug that is needed for every patient.

Every health insurance company publishes a list of prescription drugs that it has approved for use by members of its various health insurance plans. This list is known as the formulary.

Whenever you are shopping for a new health insurance plan, you need to know the true cost of the plan. The true cost involves more than the premium cost. It also includes out-of-pocket expenses, such as deductibles, co-pays, and coinsurance.

As I mentioned in my last post, the people of Massachusetts sent a message to Washington about health insurance reform when they rejected Martha Coakley, a supporter of the Democrat plan, and elected Scott Brown, who fiercely opposes it. The White House has been in disarray about what the election meant, but now the president [...]

Earlier this week, Massachusetts held a special election to fill the vacancy in the U.S. Senate left by Senator Edward Kennedy’s death in 2009. At first, the pundits expected Martha Coakley, the Democrat, to hold onto the seat. After all, the state has more than three times as many registered Democrats as Republicans. According to [...]

Over the Christmas holidays, the Senate gave the United States the “gift” of health care insurance reform legislation. Right now federal lawmakers are hard at work bringing the health insurance bill passed by the Senate and the one passed by the House into accord. Later this month or early next month the legislation most likely [...]

As the Senate proceeds toward passage of a bill on Christmas Eve, the media and the Congress remain silent on the most important question of all: How much health insurance legislation cost each American?

How much will it cost you?