Starting a Company Is Hard. Good Health Insurance Makes It Easier.

8/30/13Follow @ksbosley

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I didn’t want to have a gap in my health insurance while I was working on this. I also didn’t want to feel rushed into a situation that wasn’t quite right or stop chasing the ideas I was developing just because I felt urgency to get health insurance. A friend suggested I look at MHC.

After 45 minutes on the website, I felt tremendous relief. I knew that there was a solution there. And not just a solution, but a wide variety of choices. It was an incredible feeling to know that I could continue to pursue my entrepreneurial goals without having to worry about whether I was taking an unnecessary risk with my own health.

Beyond that, I had a truly excellent experience using MHC. How often do you get to say great things about your government? I think most of us take it as a given that you’re just supposed to complain about government (I’m human, I have those moments too). But not this time. Credit where credit is due: Great program, great people, great service, great outcome. It was also efficient and easy, which I also appreciate. (They also have a fascinating series of toolkits for implementing a program like this.)

I honestly hadn’t realized how much health insurance had been preying on my mind until I slept so well that night.

I know I’m not the typical customer. I do have financial resources, and healthcare coverage can still be expensive (though my new plan is actually cheaper than what I was paying for under my old COBRA plan…for the same kind of coverage & my same doctors). That’s still a challenge for our whole society, and as someone who works in the biotech and pharmaceutical industry, I understand the complexity of this challenge.

But in case anyone was wondering whether there’s a real connection between healthcare coverage and entrepreneurship, the answer is definitively yes.

It makes it easier.

Katrine Bosley is the CEO of Editas Medicine and the former CEO of Avila Therapeutics. Follow @ksbosley

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  • Bananas21

    Great article. Healthcare is such a huge part of the American economy – in a bad way. This article is another example of exactly how our wacky healthcare system forces us to make decisions that are bad for us and, really, bad for the economy as a whole.

    Props to Massachussets for creating a good solution with a good implementation.