GDP Blog

Curing Healthcare: Part 2 - A Personal Connection

Posted by Seth Denson

Jun 21, 2017 10:02:48 PM

I'm often asked why I am so passionate about solving the healthcare chrisis in the United States.  As we prepare to share our solutions, I hope that you will allow me the opportunity to also share with you a personal connection to the problem of healthcare that keeps me motiviated.

Growing up, our family didn’t have health insurance.  My father was the Pastor of a small church in Midland, Texas, and the congregation operated on a limited budget.  For this reason, health insurance for its staff was, unfortunately, not an option.  By the age of 12, I would require more than 10 surgeries due to a non-life threatening a medical condition.  While minor in nature, these procedures created a significant financial burden to our family.  Not realizing the reasoning at the time, I watched as my father would take jobs outside of his role at our church to be able to either obtain health insurance and/or earn enough money to pay for the treatments of my condition. 

Both of my parents were selfless like that, always putting their family first, others second and themselves last.  Growing up, we were not poor, but didn’t have a lot of money either.  I don’t recall ever going without, as a matter of fact, I always thought we must have had significant means because my brothers and I always seemed to have more than we needed or really wanted.  We were rich, but not in the monetary sense, rather in that we had two parents who first loved each other, loved us, and showed us that love often. 

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Topics: Employee Benefits, ACA, Obamacare, Cure for Healthcare, healthcare

Curing Healthcare: Part 1 - Introduction

Posted by Seth Denson

Jun 20, 2017 4:27:38 PM

Healthcare in the U.S. is broken. As congress continues to debate the ACA as well as the AHCA, our opinion is that they are focusing on the symptoms rather than the actual problem. Healthcare in the U.S. can be cured, but we must focus on the right things to do just that.

In the coming days, we'll be posting a series of videos on our proposed solutions to the challenges healthcare faces, and how all of us together can fix the system.

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Topics: Employee Benefits, ACA, Obamacare, Cure for Healthcare, healthcare

Where does 17.2% of our gross domestic product go?

Posted by John Powter

Jun 28, 2015 8:20:24 AM

Healthcare organizations with strong bond ratings are regarded favorably from a financial perspective, of course. In addition, research by the Truven Health AnalyticsTM ActionOI® program shows that such organizations tend to excel in other categories, such as average length of stay care_costs-487681-editedand results of Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) surveys.

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Topics: Employee Benefits

U.S. Supreme Court Legalizes Same-sex Marriage Nationwide

Posted by John Powter

Jun 28, 2015 7:44:00 AM

Quick Facts:

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Topics: Employee Benefits

U.S. Supreme Court Upholds ACA Subsidies in Federal Exchanges

Posted by John Powter

Jun 25, 2015 4:40:12 PM

Quick Facts:

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Topics: Employee Benefits

IRS Releases 2015 Draft Forms for Employer Reporting of Health Coverage

Posted by John Powter

Jun 21, 2015 8:38:12 AM

Quick Facts:
  •      On June 16, 2015, the IRS released 2015 draft forms for Sections 6055 & 6056 reporting.
  •      Instructions for the 2015 forms have not yet been released.
  •      The 2015 draft forms are largely unchanged from the 2014 versions.
  •      These are draft versions only and should not be filed with the IRS or relied upon.IRS

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees. Reporting is first required in 2016, related to coverage offered or provided in 2015.

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Topics: Employee Benefits

ERISA: A Timeline for Compliance

Posted by John Powter

Jun 14, 2015 8:47:00 AM

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Topics: Employee Benefits

Medicare Supplement Plans

Posted by John Powter

May 30, 2015 7:47:00 AM

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Topics: Employee Benefits

Making the Case for Good Job Descriptions

Posted by John Powter

May 30, 2015 7:39:13 AM

As the warmer months arrive, human resources (HR) departments often have more time to tackle other projects. This summer, consider reviewing your job descriptions—making sure they are updated and accurately reflect the positions they are tied to.  job-description

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Topics: Employee Benefits

6055 What Information Needs To Be Reported?

Posted by John Powter

May 10, 2015 8:08:00 AM

Code Section 6055—What Information Must Be Reported?

The Affordable Care Act (ACA) created new reporting requirements in Internal Revenue Code (Code) compliance-991850-editedSection 6055, which require health insurance issuers, sponsors of self-insured health plans, government agencies that administer government-sponsored health insurance programs and other entities that provide minimum essential coverage (MEC) to file information with the Internal Revenue Service (IRS) about the health plan coverage they offer. Related statements must also be provided to individuals.

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Topics: Employee Benefits, Culture, Compliance

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