We’ve become so obsessed with mandates, exchanges and medical-loss ratios that we’re starting to lose sight of the forest for the trees. And we’re certainly not paying attention to all the other predators lurking behind every shadow. Now I realize those of us in the media are as complicit as anyone in this suffocating coverage.
Our first report takes a look at what was once considered a rock-solid investment for employees: state 529 plans, which allowed workers to set aside tax-free money for their children’s college educations. But something happened on the way to that American dream. The economy tanked, and revenues every governor expected – both red and blue – dried up faster than a politician’s promises.
State budgets across the country collapsed right along with the housing market, and now, for the first time in our history, we actually have a few seriously considering bankruptcy – if that’s even legal. What was once a sure thing now looks a lot like trusting the hungry fox to look after the hen house.