Health Insurance Warranty for Laid Off Workers
Millions of workers fear the loss of health insurance if they lose their job and group coverage. All workers are eligible for COBRA insurance (continued coverage at full price group rates - a government mandate). This warranty will pay the premiums for a defined period of time.
Q1: Identify route for new product pitch
Idea Description
Millions of older workers fear losing their jobs due to a layoff in these uncertain economic times. A big concern is the loss of their group health coverage. These workers are eligible for continued coverage from their group insurance, but only if they also pay the part of the premium that the company traditionally pays. This causes the cost of their health insurance to skyrocket! They can't afford it, even if available. By sharing the risk with other workers through a warranty program, these premiums could be paid by an outside party for a defined period of time, allowing millions of temporarily uninsured to continue their coverage for themselves and family. Nothing like this on market.
What will you do if you win $10,000 for this idea?
I would use the money to do research on market size, product scope, and product development. I have been in marketing for many years, I can create a compelling proposal with additional research on market needs and product specs.
Vote for it now.
I like your idea; I want to improve your odds of getting funding I will vote for your idea if you will vote for mine. My idea is for a web site that raises money for inventors and entrepreneurs called New Idea website Check out my idea blob submission and visit New Idea Website and see what I can do for you. http://www.ideablob.com/ideas/4060-NEW-IDEA-WEBSITE The need for jobs is one of the biggest problems that a democratic government faces because creating jobs is an unwanted byproduct of business and industry. The reason I say its unwanted is the more jobs a business creates the more its expenses are and the smaller it’s bottom-line. If business and industry have their way they would run their companies with no jobs at all no management or labor. To deal with this dilemma I pr…moreopose a federal venture capital carrot fund that literally pays entrepreneurs to create jobs. The investment bank would be expected invest in seed level startup projects like yours and to lose money at a specified dollar per jobs ratio for example during hard times that figure may be as high as $20,000 per job and good times the figure may be as low as five dollars per job, by controlling this ratio the fed could roughly control unemployment. The bank will be expected to fund novel products and services and stay away from things like restaurants that will simply draw jobs from other restaurants or moving factories from one part of the country to another. If you like this idea vote for it and send the congressional letter from the website. Sincerely Frank Scruggs