Hat tip: Jason Bade.
Hat tip: Danny Vincent.
A decade ago, a handful of states—notably California, Connecticut, Indiana and New York—partnered with private insurers in an attempt to encourage people to purchase long-term care policies. As an incentive, these states allowed people to shield assets they might otherwise have to spend down in order to qualify for Medicaid. Since 2005, more than 30 states have taken similar steps.
Yet most observers have been disappointed by the results. “It’s not a model,” Feder says. “Even the most optimistic projections for the numbers of people it might cover over time don’t come remotely close to the coverage we have on health care—and we consider 16 percent uninsured a national disaster.” A 2005 study by the Congressional Research Service found that a majority of people who purchased these policies in California and Connecticut had more than $350,000 in assets—far more than the $55,000 held by the typical 55-year-old whom the program was hoping to reach.
4) The U.K. Natural History Museum has tacked on a voluntary tax-free donation of £1.50 to its £8 ticket price for online orders.
Hat tip: Jill Rutter.
5) Tweetwhatyoueat. Someone is really going to have to do a study on the effectiveness of all these twitter commitment strategies.
6) Don’t try to tackle all your new year’s resolutions at once. Spread them out over the course of the year.
Human routines are stubborn things, which helps explain why 88% of all resolutions end in failure, according to a 2007 survey of over 3,000 people conducted by the British psychologist Richard Wiseman.
Hat tip: Christopher Daggett.