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  1. Thinking about Tort Reform

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    January 20, 2012 by Milton Jones

    Many people, me included, have been critical about controversial features of the Health Reform Act. Perhaps the most important flaw is what the law didn’t include. I refer, of course, to the business of Tort Reform. Why don’t we just say Legal Reform? “Tort” is a more specific word, so let’s define it: Tort — a wrongful act other than a breach of contract for which relief may be obtained in the form of damages or an injunction. Why is reform important, you ask? Maybe the following example will suffice. Try to relax and watch TV for a couple of hours and you’ll get to enjoy at least one commercial that sounds like this: If you took the drug Delusia, and are suffering from kidney failure, call the Law Firm of Eusta B. Hon- est. You may be eligible for compen- sation if you call before … Okay, so I made that one up. Pick the one you love to hate. There’s quite a list, including (allegedly) defective hip re- placement joints, faulty hernia repair mesh, bad side effects from drugs, etc, ad nauseam. “So who cares if someone sues the drug company and gets a big settlement,” you ask? …

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  2. Daddy Warbucks Makes a Gift ​

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    December 10, 2011 by Milton Jones

    Over my 40-something-year career, I recall several instances where a parent or grandparent made a gift of insurance. Perhaps it was a gift of life insurance on a young child, designed to encourage college money accumulation. Perhaps the bride’s father gave a gift of the first annual premium for life insurance on his new son-in-law.

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  3. Open Season for Medicare

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    October 30, 2011 by Milton Jones

    Open Season is just around the corner, and I’m not talking about hunting season. With Medicare coverage, it’s a time when we may change our Part “D” Prescription plan, or Medicare Advantage plan for the coming year. Actually, the correct language is “Annual Election Period,” or AEP for short. In the past, the AEP began Nov. 15 and ended Dec. 31. This year, the season opens Oct. 15 and closes Dec. 7. Any changes made will then take effect on Jan. 1, 2012. This time lag allows more time for processing your changed enrollment and getting your new cards out to you in the U.S. Mail.

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  4. A Fair Tax or a Simple Code?

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    October 15, 2011 by Milton Jones

    “Render unto Caesar the things which are Caesars, and to God the things which are God’s,” said the Master about 2 millennia ago. From this we can see that the present generation’s concern about fair taxation is nothing new. People hated taxes then and still hate them now. Many are saying things like “change the tax code,” or “abolish the IRS.” A popular sentiment is that the Income Tax should be fair and simple. My response is “do you want FAIR, or do you want SIMPLE? You probably can’t have both!”

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