A major mile stone decision for the United States, has been decided upon, by the Supreme Court. Obamacare shall live, and hopefully a long healthy lifespan, for everyone involved, and that, I mean quite literally. Not only has this decision been pivotal for the upcoming Presidential Elections, but for the roughly 50 million Americans, that don’t have medical insurance. Let’s review, what this means for the consumer in a nutshell:
– Obama’s health care law requires almost everyone to be insured, and makes sure, that affordable coverage, is available to them, even if they have serious medical pre-conditions.
– Insurers will have to start providing certain basic benefits, like preventive care without co-pays from the patient. This is a crucial point, because currently the system is a vicious circle, where many Americans can’t afford good insurance, nor do insurers provide for good preventive care, so the last resort is to go to the emergency room, when a person’s sickness gets really serious, and that ladies and gentlemen, is one of the big factors in rising healthcare costs.
– The law will also fine most companies, if they don’t provide insurance to their workers, and again, new insurance markets, will allow for affordable plans, for employers and individuals.
– Requiring Americans to buy medical insurance, is designed to stop insurance companies, from cherry picking healthy candidates for insurance approvals. This is a good thing for the US. A healthy country needs healthy people.
Now I am curious to see if the American people will thank President Obama in the upcoming elections, or not.
Stock markets around the world are taking in a deep breath of fresh air, right in time the July 4th festivities, as European leaders managed to find a consensus, with Germany’s Chancellor Angela Merkel satisfied with a deal, to help finance eurozone countries, that are debt. A new fund, the European Stability Mechanism, will be put in place and be active, by the end of the year, hopefully. The Euro surged against other currencies and US markets are flying into the weekend.
The wave, London’s “Big Whale” made at JP Morgan, is bigger than previously anticipated. Surprise surprise. The Losses JP Morgan encountered, over their bungled credit derivative trade, could total up, to as much as $9 billion dollars! Previously the bank was trying to make us believe, the loss amounted to only $2 Billion! However, JP Morgan is still in the process of unwinding its position, so don’t be surprised, if that $9 billion suddenly turns into $12 billion. As if by magic!
In sports we have some of the biggest upsets in history to deal with. First up, Rafael Nadal is kicked out in round 2 of Wimbledon, by world #100 Check player, Lukas Rosol. This is truly one of the biggest upsets in tennis history! But fair game Rosol, I sincerely hope you fight your way through to the final! Against Djokovoc? Or Federer? Or will there be another major upset?
And speaking of huge upsets, I was very upset yesterday, as my final prediction did not come through, for the Europcup final on Sunday. Germany has disappointed me. Nein nein nein, so geht das nicht! But at least they didn’t exit as a complete failure. Spain I hope you knock the Italians out of the field on Sunday, Germany practically just bailed you out, so now it’s your turn to repay them, with your Eurocup victory!! There better be no Bunga bunga parties in Italy on Sunday!
A major mile stone decision for the United States, has been decided upon, by the Supreme Court. Obamacare shall live, and hopefully a long healthy lifespan, for everyone involved, and that, I mean quite literally. Not only has this decision been pivotal for the upcoming Presidential Elections, but for the roughly 50 million Americans, that don’t have medical insurance. Let’s review, what this means for the consumer in a nutshell:
– Obama’s health care law requires almost everyone to be insured, and makes sure, that affordable coverage, is available to them, even if they have serious medical pre-conditions.
– Insurers will have to start providing certain basic benefits, like preventive care without co-pays from the patient. This is a crucial point, because currently the system is a vicious circle, where many Americans can’t afford good insurance, nor do insurers provide for good preventive care, so the last resort is to go to the emergency room, when a person’s sickness gets really serious, and that ladies and gentlemen, is one of the big factors in rising healthcare costs.
– The law will also fine most companies, if they don’t provide insurance to their workers, and again, new insurance markets, will allow for affordable plans, for employers and individuals.
– Requiring Americans to buy medical insurance, is designed to stop insurance companies, from cherry picking healthy candidates for insurance approvals. This is a good thing for the US. A healthy country needs healthy people.
Now I am curious to see if the American people will thank President Obama in the upcoming elections, or not.
Stock markets around the world are taking in a deep breath of fresh air, right in time the July 4th festivities, as European leaders managed to find a consensus, with Germany’s Chancellor Angela Merkel satisfied with a deal, to help finance eurozone countries, that are debt. A new fund, the European Stability Mechanism, will be put in place and be active, by the end of the year, hopefully. The Euro surged against other currencies and US markets are flying into the weekend.
The wave, London’s “Big Whale” made at JP Morgan, is bigger than previously anticipated. Surprise surprise. The Losses JP Morgan encountered, over their bungled credit derivative trade, could total up, to as much as $9 billion dollars! Previously the bank was trying to make us believe, the loss amounted to only $2 Billion! However, JP Morgan is still in the process of unwinding its position, so don’t be surprised, if that $9 billion suddenly turns into $12 billion. As if by magic!
In sports we have some of the biggest upsets in history to deal with. First up, Rafael Nadal is kicked out in round 2 of Wimbledon, by world #100 Check player, Lukas Rosol. This is truly one of the biggest upsets in tennis history! But fair game Rosol, I sincerely hope you fight your way through to the final! Against Djokovoc? Or Federer? Or will there be another major upset?
And speaking of huge upsets, I was very upset yesterday, as my final prediction did not come through, for the Europcup final on Sunday. Germany has disappointed me. Nein nein nein, so geht das nicht! But at least they didn’t exit as a complete failure. Spain I hope you knock the Italians out of the field on Sunday, Germany practically just bailed you out, so now it’s your turn to repay them, with your Eurocup victory!! There better be no Bunga bunga parties in Italy on Sunday!