Obamacare’s Benefits Become Real On New Year’s Day

When the clock strikes midnight for the new year Wednesday, it also will ring in a new day for the American health care system. President Barack Obama signed the Affordable Care Act into law nearly four years ago, and Jan. 1, 2014, culminates a lot of work, strife and anxiety. It also represents the birth of a new health insurance market for individuals who aren’t covered by their employers or government programs like Medicare, especially for low-income and uninsured people receiving unprecedented help paying for coverage. Starting on Wednesday, health insurance companies can’t turn away anyone because of their medical … Continue reading Obamacare’s Benefits Become Real On New Year’s Day

Americans Are $6.8 Trillion Short On Retirement Savings

It isn’t the retirement George Warren dreamed of. Confined to a wheelchair and living on disability payments after losing his job, Warren, 63, figures he would be homeless in old age if not for a senior housing program offered by Catholic Charities of Maryland. “I had plans, but life had other plans for me,” he says. Warren worked for decades, starting with a “sophisticated lemonade stand” he opened with friends at age 9. He paid into Social Security as he meandered through a half-dozen jobs in telecommunications and networking. But he lost his last job in what he calls an … Continue reading Americans Are $6.8 Trillion Short On Retirement Savings