Gambling In The United States – The Domino Effect It Helped Create

Once just a gentleman’s game, U.S. gambling began its rise to the center of attention around 400 years ago. A time where gambling was the root of all evil, yet it could still help the colonies from financial issues. Deliberation over the subject went on for years and still is today, but gambling never stopped to wait for an answer. While challenges were being discussed, different forms of gambling were being created to stave off bankruptcy and other money problems.The first company to hold a gambling lottery was a bank in Jamestown, Virginia, which’ of course’ was an instant success. It wasn’t like the state lotteries you see today, but still was beneficial for a short period of time. After awhile, England felt as though they weren’t making a profit from this form of gambling, so they ended up banning it from everyone. However, that wouldn’t last long as all thirteen colonies eventually were allowed to hold their own without question.Four centuries removed, you can drive along the eastern states and see prestigious universities like Harvard, Princeton, and Yale that were all started by revenue created by state lotteries. As several other venues were being built thanks in part to U.S. gambling, greed started to as people in the colonies wanted freedom and independence from England. While this was over several issues, lotteries were one of the bigger issues never mentioned in history books.Obviously the most prestigious form of gambling at the time, state lotteries weren’t the only U.S. gambling going on around the country. By this time, horse races had already been around since 1665, but most bets were between owners only and not of a spectator kind. Also making its mark on cities throughout the colonies in the 1800s were casino style gambling with cards and dice. As areas grew, so did the size of gambling halls and local watering holes where games could be played.Then came the Mississippi River and everything it had to offer with barter and trading through several owners. Business this way was quicker, and several well known individuals met on riverboats to play some casino style gambling. This was the true introduction of the professional gambler. Winning enough money in small towns to play on the riverboats with the big boys was a common tale. After awhile, many were thought to be cheaters and many would perish at the hands of people who lost money to them.Just as the state lotteries were part of the reason for the American Revolution War, it was the Civil War that ended the time of professional gambling in the 1860s. While not the main reason, it created a business stand still, which led to no traffic up and down the great Mississippi. For the next sixty years, gambling would be loved by many and hated by that many more. States that had good fortune would create gambling booms like in California and Nevada,As years moved ahead, people like Al Capone and his mob used gambling money to front their businesses, while at the same time sports were becoming one of the major things to bet on during this period. Fast forwarding to the seventies, lotteries held around the country were making over a billion dollars on a annual basis. Gambling in the United States was considered a normal part of living and still is today.Now we’re in the 21st century and the gambling business is booming with billions upon billions of dollars being made annually. The Super Bowl is the most anticipated gambling event each year, and land based casinos are popping up all over the country. Still, many Americans protest gambling due to family members who have ongoing problems with controlling their addictions. However, the future looks bright and the government will have a hard time trying to give up all the tax revenue that is made off of gambling alone.Which brings us to the future, and online casino gambling. While the United States was one of the leaders in gambling online, President Bush tried to ban them from using debit cards that are bank issued to try to control the outbreak. It didn’t take long for U.S. players to realize that adding money to different accounts like Netteller or Moneybookers, then transferring it over may take a little longer, but the end result is the same.There will never be a solution to gambling no matter if it’s online or offline, and others will always protest the morals and what it all stands for overall. A cat and mouse game that will never be solved, and while everyone continues to argue back and forth, the sport of gambling will only become bigger. Hurry, someone go check the odds on that, you might want to bet on it.

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Small Business Medical Insurance and the Impact of Health Care Reform

The Patient Protection and Affordable Care Act (PPACA), otherwise known as the “Health Care Reform Act” was signed into law on March 23, 2010 by President Obama. Most of the initial provisions did not go into affect for 6 months, or September 23, 2010. The bill is a whopping 2000+ pages long, with a 14-page Table of Contents! It’s no wonder that most employers have little comprehension of what is contained in the bill, and less understanding of how the bill will affect their business. To understand the impact of the bill on your business, you should contact a specialist who is an expert on small business medical insurance plans and is familiar with the Act.In the meantime, we will take a cursory view of health care reform, and a year-by-year snapshot of changes to come. Hopefully, it will provide a starting part for discussion.The Act contains five key provisions:1. The requirement for all US citizens and legal residents to have health insurance;2. Penalties for employers who do not offer health insurance for their employees;3. State Based Health Exchanges created to offer cost effective insurance options4. Premium credits for low income individuals;5. Eliminates pre-existing condition and annual/lifetime benefit limitsA Year by Year Look at Health Care ReformSome changes went into effect in 2010, such as coverage for adult dependents (dependents until age 26), and several more will happen in 2011. The most significant changes, however, will not go into effect until 2014. Below is a snapshot of key changes that will be going into effect in the coming years:2011· No pre-tax reimbursements from “health accounts” for non-prescribed, over the counter medications,· 20% tax on nonqualified HSA withdrawals,· Reporting the value of employer sponsored coverage on w-2’s (delayed)· Automatic enrollment in long term care program, employer may opt out (delayed),· Drug company fees: $2.5 billion in 2011, $4.2 billion in 20182012· Uniform explanation of coverage,· Pre-enrollment document sent explaining benefits and exclusions,· 60 day notice for material modifications, if not provided in uniform explanation of coverage,2013· FSA contributions limited to $2,500,· New federal employer tax, $2.00 per covered individual per plan year· Medicare payroll tax increase from 1.45% to 2.35%,· Employer notice to employees of exchanges, premium subsidies, and free choice vouchers,2014· Individual mandate – every citizen must have coverage,· Individual penalties for not purchasing coverage,· Guaranteed issue,· State health exchanges effective· Standard benefit plans, (bronze, silver, gold, platinum),· Waiting period not more than 90 days,· Employer penalties for not offering coverage or at least one FTE receives a tax credit,· Health insurance company fees: $8 billion 2014, $14.3 billion 2018, 2019 prior year amount increased by premium growth rate.2018· Cadillac Tax. 40% tax on plans value in excess of $10,200 single, $27,500 family.Penalties for Non-CoverageAs stated, most of the act’s important provisions will become effective in 2014. The most relevant law for employers is the penalty they will face for non-coverage of employees. The exact penalties are complicated to calculate, base on numerous factors. Some of the basic guidelines are outlined below:Employers with more than 50 employees: · If coverage is not offered by the employer and even one full-time employee (FTE) receives a premium tax credit, the employer will pay a fee of $2,000 per FTE, excluding the first 30 ee’s.· If “affordable” coverage is not offered and one FTE receives a premium tax credit, the employer will pay the lesser of $3,000 for each employee receiving a tax credit, or $2,000 for each FTE. Affordable coverage is defined as an employee cost of health insurance, less than 9.5% of household income and the actuarial value of plan is at least 60%.· A Voucher will be required if the employee contribution exceeds 8% of household income.All Employers: · Employers that offer coverage are required to provide a free choice voucher to employees with incomes less than 400% of the Family Poverty Level (FPL), whose share of premium exceeds 8% but less than 9.8% of their income and who chose to enroll in a plan in the Exchange.· A Voucher equals to what the employer would have paid to provide coverage under the employer’s plan. Employers providing free choice vouchers are not subject to penalties.Employers with 200 or more employees· Required to automatically enroll employees into health plans offered by employer. Employees may opt out.If the provisions of the health care reform act sound complex, they are! We highly recommend you consult with a specialist who is an expert on small business medical insurance plans and is familiar with the Act. Feel free to contact CPEhr’s benefits specialist with any health care reform questions.

Affordable Health Care Insurance – Inexpensive Health Care Insurance Plans

Affordable Health Care Insurance! As the words show themselves that a medical health insurance policy that helps an ordinary person to keep up his leverage of medical checkups and costs. The usual medical costs without an insurance plan have become obsolete nowadays due to mainly the touching sky high medical costs. Due to this reason, many self-employed and other people having no medical insurance offered are looking for an affordable health care insurance which helps them keep up their medical needs in case of emergencies.Getting an affordable health care insurance may not be as simple. It requires extensive background research to look and find the best possible insurance plan for you. So, to find the best one, use the best searching tool, the internet. With the internet, you can find different insurance policies and compare their quotes.Contact your State Health Department for better insurance policies. One which not only cost much less but also helped to take care of all your necessary needs. Always go for the policy which doesn’t ask you for much money deductions first before going on with the insurance.Try and get a few days insurance package from the companies to make sure that the insurance policy suits you. If it does suit you, then go ahead and buy the Health Insurance. Search for the policies that guarantee renewal of your policies and do not return them back. Check for the best policy ratings and even contact different people who have had those insurance policies to get a better idea of what you are going to have to deal with.Affordable health care insurance may not even be as less expensive too but they certainly lower some fiscal burden from your shoulders. Obviously, it is better to pay less then to pay too high for health care. You know of your situation better, so whatever policies you select, just make sure it is in the best of your interest and that it will have long lasting fruitful effects on your health.