If a patient develops a serious illness and requires extensive specialty care, expensive treatment, or hospitalization, they will access their insurance policy that covers high cost events not handled by primary care.
This higher level of care may result in a small number of patients not experiencing high cost events that would be seen in everyday practice.
High cost events may be associated with more severe decompensation as well, reflecting the expense of lower ejection fractions among incident patients compared with those of higher ejection fractions.
It is an ideal strategy to manage predictable and particularly "high costs" events.
To put it another way, human frailty helped BP's executives underestimate the chance of a low-probability, high-cost event.
Along the way, he thought about the potential use of viruses: "I just thought, you know, flying a plane into a building for a sort of low cost, you create a very high-cost event.
Along the way, he thought about the potential use of viruses: "I just thought, you know, flying a plane into a building — for a sort of low cost, you create a very high-cost event.
In his remarks at the high-cost event at the Mandarin Oriental in Hyde Park, Mr. Romney steered clear of the Libor scandal over interest rates, opening his comments by describing the relationship between the United States and Britain ("special") and praising the sights of London ("inspiring").
For all the criticism BP executives may deserve, they are far from the only people to struggle with such low-probability, high-cost events.
Oil companies, for example, used them for years to gird for environmental claims related to infrequent but potentially high-cost events.
Falls and fall-related injuries are high-risk, high-volume, and high-cost events 26 in the community setting.
