January 25, 2016
The amount spent by pharmaceutical firms, medical-device manufacturers, and other life-sciences companies for the regulatory guidance to move products to market is estimated at a staggering $20 billion to $30 billion a year. Time spent on the work is typically a big number, too - more accurately measured in months, not minutes. In that, Priya Bhutani saw business opportunity. She launched RegDesk in November 2014 to provide, in part, a marketplace to crowd-source regulatory consultants who would help medical-device and pharma companies launch their devices and drugs faster in more than 170 countries.
November 24, 2015
E RICA POLLE, 20, of University City, and her sister Karen Polle, 23, of New York, co-founded GivTake, a startup that launched at Penn in August. It's an online marketplace for college students to buy and sell textbooks, backpacks and other things more easily and efficiently. I spoke with Erica, a junior at Penn's College of Arts & Sciences. Q: How'd you come up with the idea? A: We found that it was more inefficient than it should be for students to buy and sell stuff online.
July 12, 2015 |
PMC Property Group, one of the city's biggest residential landlords, and the real estate investment firm Lubert-Adler have paid $3.25 million for a three-story building on Market Street beside the Marketplace Design Center, which they also own. 2400 Market VII L.L.C., the company that bought the Marketplace building, bought the property at 2324 Market from investor Richard Basciano's STB Investment Corp. in late June, according to city records. Lubert-Adler CEO Dean Adler has said that his company and PMC planned to build a mid-rise tower atop the Marketplace and develop the property into offices and residences.
June 28, 2015 |
M.L. Simone isn't averse to risk. You might remember Simone, the self-proclaimed "most-educated coffee pourer in Philadelphia," who has a business degree and an art administration degree, and who first shared her insurance story here in December. She opened Hinge Cafe, a coffee bar/art gallery in Port Richmond when it was still a Maxwell House Coffee-drinking, blue-collar neighborhood. In Hinge's early years, Simone also risked not having health insurance. Starting a business put health insurance low on her list of priorities, not to mention that she couldn't afford it. But when her daughter was born five years ago, Simone jumped into the pre-Affordable Care Act individual health insurance market, paying a $600 monthly premium.
February 22, 2015 |
Welcome to the first post-Affordable Care Act tax season, complete with new forms to fill out - the 1095-A! - and even more numbers to crunch. That is, if you bought health insurance last year on the Obamacare marketplace. "If you got a 1095-A form and you got the advance credit [subsidy], you must file a tax return," said Jackie Perlman, principal tax research analyst at H&R Block's Tax Institute. Well, not so fast. About 800,000 forms sent out by the government contained an error, the administration said Friday; it urged recipients to hold off filing for now. (More on that mess below.)
January 30, 2015
P ATRICIA DONAHUE, 62, of Roxborough, owns Consignment Marketplace in Manayunk. The business carries a variety of used housewares and furniture for every room in a house. The items are displayed in a 5,000-square-foot showroom on Main Street near Shurs Lane. Q: How'd you come up with the idea for the biz? A: It's 3 years old, but I've owned it since June 2014. I worked for the former owner. When she sold the building, I bought her business for $25,000 and rented the first floor from the new landlord.
December 15, 2014 |
A week before the Dec. 15 deadline to buy individual health insurance, Michael Ferguson hadn't even looked at plans on the Affordable Care Act marketplace. But he needs to, because his current plan is being ended, and Ferguson, the owner of J&M Meats in the Flourtown Farmers Market in Montgomery County, doesn't want to be uninsured come Jan. 1. It's early, and the market is quiet, so the 46-year-old takes his breakfast - a perfectly grilled strip steak - to a counter behind the display cases, grabs his iPad, and plops healthcare.gov into the address bar. Within a minute, the Birdsboro man is in shopping mode, scrolling through a list of five silver-tier plans.
November 30, 2014 |
It took Holly Phares 27 days and 20 hours to enroll in health insurance during 2013's disastrous rollout of the Affordable Care Act website. She doesn't expect a repeat of her slog through last year's cyber hell. But the choral director for Tabernacle United Church in West Philadelphia will be shopping the marketplace for a better deal rather than simply reenrolling in her Independence Blue Cross platinum PPO. "They say there are twice as many choices" in the marketplace, says Phares, 51. "I'm just not going to stick with Blue Cross.
November 9, 2014 |
When the Affordable Care Act marketplace reopens on November 15, Lenora Fedick will "more than likely" reenroll in her current Independence Blue Cross plan. But before she commits, the Phoenixville resident wants to know that she's getting every penny's worth for the premium she's paying. So Fedick is going to do a little shopping. "I want to make sure that I'm getting the best deal," said Fedick, who was among the roughly 50 residents who attended Independence's "Renewal" seminar at the Phoenixville YMCA last week.
October 5, 2014 |
Scott R. Hafetz is a glass-half-full kind of guy. So last fall, when the launch of the Affordable Care Act website had his health insurance broker colleagues fretting about their future - OK, panicking - Hafetz figured things would somehow work out. He was right. "I figured there would be a place for us," says Hafetz, an independent health insurance broker and owner of Hafetz & Associates in Linwood, N.J. A year ago, health insurance brokers and agents were looking like an endangered species.