Tuesday, October 08, 2013

Obamacare Will Revolutionize the Startup Game

It's one of the first things people ask you when you tell them about your new job: What are the benefits? Health insurance is such an integral part of life that people take jobs just so they will be guaranteed issuance. Now that the Affordable Care Act application process is up and running, people have been buzzing about how it will affect their lives. Startups and entrepreneurs, though, have the potential to be the biggest winners come January when the Obamacare plans go into effect. Chris Mihm, owner of Medicoverage, believes that for a few different reasons the Affordable Care Act is going to revolutionize startup hubs around the country.

"Group insurance offers guaranteed issuance – every single employee will get approved no matter if they have cancer or any pre-existing condition of any type," Mihm said of the way health care traditionally worked. "On January 1, 2014, every single person who signs up for insurance is guaranteed issuance. So even if you have a pre-existing condition, you’re going to get approved at the same rate as me. That changes everything."


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