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Under the plans from both the House and Senate, these new, government-run, Web-accessible marketplaces for private insurance (along with possibly a public or co-op alternative) could, theoretically at least, make reviewing and purchasing a new health plan as transparent and easy as entering your zip code and clicking your mouse. Certain broad aspects of the exchange concept are widely accepted: the exchanges would put individuals into large risk pools, allowing them to buy health insurance at a significantly lower cost; federal subsidies for individuals too poor to afford insurance on their own would be doled...

Author: /time Magazine | Title: Behind the Health-Insurance Exchanges | 8/12/2009 | See Source »

...swapped with people as far away as Hawaii and New Zealand, and once she exchanged her one-bedroom co-op (with an alley view) for a large, upscale home on a lagoon (with a view of the ocean) in California. "I burst out laughing. I could not get over it," she said of the fine-artwork-filled home that the Marin County couple swapped with her so they could visit their daughter and her new baby. "They got this little, small apartment, and I got this million-dollar home. I laughed at the trade, but they were happy...

Author: /time Magazine | Title: Home Exchange: Trading (Vacation) Places | 8/3/2009 | See Source »

...Chicago that there "needs to be a public option" in the health-care-reform bill, to help control insurance costs. But White House spokesman Robert Gibbs has declined this week to say whether Obama is still fighting for a public health plan over the alternate proposal for a "co-op," which would attempt to insert competition into the marketplace by promoting the formation of nonprofit health entities made up of individuals or small businesses. "We're influencing the process forward," he said on Tuesday when asked if the White House opposed the co-op alternative. "We're hopeful that they...

Author: /time Magazine | Title: Obama's Legislative Approach: Pragmatism | 7/31/2009 | See Source »

...with TIME, he said that what mattered was how the program would work, not how involved the government would be. "Obviously sort of the legal structure of it is less important than practically how can it operate," the President said. Many Democratic leaders have expressed fear that the co-op idea would have only a marginal impact on controlling private-insurance-company costs...

Author: /time Magazine | Title: Obama's Legislative Approach: Pragmatism | 7/31/2009 | See Source »

...term for a physician in training following World War I, when medical school was no longer seen as preparation enough for practice. Later, the word migrated to politics as an alternative to the term apprentice as a reference to those interested in learning about careers in government. Meanwhile, co-op programs, in which students would work at a company for an extended period during college, emerged. As the average college tuition increased (reaching about $9,000 for private colleges in the 1980s), co-ops allowed students to earn money to afford higher education in addition to getting real-world experience...

Author: /time Magazine | Title: Interns | 7/30/2009 | See Source »

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