Hard Truth Week in Review – Health Care Home Stretch Edition
With the passage of the Baucus health care bill out of the Senate Finance Committee, we have entered the home stretch for health care reform legislation. I think the final bill will have a public option although the Baucus bill does not. My biggest concern is that for those folks who already have health insurance, the “reforms” will ultimately lead to higher premiums for your coverage, so that others can obtain coverage at lower cost. In other words, the law when enacted will be effectively become another welfare or wealth distribution program. I am particularly worried about what will happen to the cost of Medicare supplement programs and Medicare premiums for our seniors. For the speed reader, the AARP published a nice visual summary of the Baucus bill.
Money Musings wrote an excellent commentary about the “bail me out” whinings of a student loan borrower. I have no sympathy for that borrower and no interest in contributing to his bailout. He should put a sock in it and just finish paying his stupid tax without asking for our help.
No Debt Plan kicks his old bank to the street for a better interest rate deal. Further to this topic, at Go To Retirement, I wrote how you can easily get much better interest rates on your money than are offered by the well-known internet savings banks.
On my Failsafe Retirement blog, I wrote about upcoming developments in TIPS and I-Bonds. Folks, if you haven’t yet considered inflation protected securities as a component of your portfolio, you are wasting precious time.
J. Money at Budgets are Sexy comes clean with his buyer’s remorse on the purchase of the house he lives in. Everyone should read and learn from his experience.
Money Ning clears up some important misconceptions about the use of debit cards. Credit card addicts should take note.
Enjoy the rest of your weekend.