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Software

Obamacare Software Glitch Will Limit Penalties Charged To Smokers 490

turbosaab writes "The Obama administration has quietly notified insurers that a computer system glitch will limit penalties that companies may charge smokers under the new healthcare law. The underlying reason for the limitation is another provision in the health care law that says insurers can't charge older customers more than three times what they charge the youngest adults in the pool. The government's computer system has been unable to accommodate the two. So younger smokers and older smokers must be charged the same penalty, or the system will kick it out. A fix will take at least a year to put in place."

Comment Re:What can be done? Nothing. (Score 1) 511

Two words: Credit Union.

Traditional banks find all sorts of ways to fuck you with fees, interest rates, interest accrual periods, minimum balances, inactivity penalties, and all that nonsense, and then on top of that, they're very picky (these days) about who gets the pleasure of being fucked by their credit cards.

My credit union has no fees, no minimum balances, no inactivity penalties, low (relatively) interest rates, high spending limits, and a very wide non-accrual period on new charges (something like 45+ days depending on how the billing cycle falls). And my credit union is not at all unique in this regard.

Shop around for a credit union and drop your Bank of America, Wells Fargo, Chase, or whatever account. It'll be the best financial decision you've ever made.

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