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Joined 2 years ago
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Cake day: June 9th, 2023

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  • Opening a new line of credit is only a temporary hit to your score. Multiple cards in a short time will be a bigger hit, but it’ll eventually pass.

    Most if not all of those cards offer a free credit report that could tell you how much of an impact this had on your score and how quickly it improves. If you have another existing card (don’t sign up for another one) you may be able to see the change to your score once these hard credit pulls hit your credit report.

    If not, wait a month or so and use one of your free annual credit reports. You get one report per year from each agency for free, with no consequence to your credit score. There’s 3 credit agencies, so in principle you can check your credit every 4 months for no cost.




  • What you learned is incomplete: the coverage gap only exists in states that chose not to expand Medicaid coverage, aka those with republican legislatures. As written, the ACA would subsidize an increasing fraction of health insurance cost until someone’s income was a certain level above the poverty line. If their income fell below this level, they would get coverage through Medicaid instead.

    Medicaid historically didn’t cover people with incomes this high, so the ACA expanded coverage to higher income residents. The federal government covered 100% of the cost of Medicaid expansion for the first ~decade, and then 90% after that. Several states sued and the supreme court struck down part of the law that required states to go along with this. So they had to opt in to Medicaid expansion. The ones that didn’t (republican state govts) now have a coverage gap.

    Its unfortunate because it harms those who needed help the most, but its a consequence of republicans at the state level for refusing expansion, and at republicans at the federal level for refusing to allow any changes to the ACA that would fix the issue.