Many places in America have shown that the direct delivery of health care, through clinics for example, is significantly less costly.Second, in the economics of insurance, risk should be insured when it is unpredictable, uncertain, and large relative to the administrative costs of insuring it.
She wondered why, when she insured her son, the insurer investigated his health status.
Claims on insurers amounted to $45 billion the biggest insured loss in post-war history.In this section Overview Catastrophes Economy Financial markets Reprints.
An unspoken agreement between the government and insurance firms meant that, until recently, even houses at considerable risk were insured, in return for state funding of flood defences.
As a result, the firm responsible for paying the bill loses control of costs.The commission's economists found that when insurers control repair costs (for example, when a crash involves two drivers insured by the same company) bills tend to run to around £1,200.
The Texas company insured performance bonuses to Armstrong for his victories in the Tour de France in 2002, 2003 and 2004.
While we speak, a security firm is surveying the roof at Great Casterton to fit an alarm against lead theft – "we're insured but it doesn't cover the cost".
And Barack Obama's system of healthcare coverage, known as Obamacare, is formally launched with hundreds of thousands of newly insured Americans presenting a formidable test to a system that has endured a difficult birth.
Zahid Abdullah, the imam, told the Guardian the building was not insured and that replacing it and its contents could cost in excess of $300,000.
EQECAT, a risk-modelling firm, has doubled its forecast insured-loss estimates to $10 billion-20 billion, and has increased its total economic damage estimates to $30 billion-50 billion.To add insult to injury, another storm arrived this week, promising more surges as well as snow.
In this section Overview Output, prices and jobs The Economist commodity-price index FDIC-insured "problem" institutions Trade, exchange rates, budget balances and interest rates Markets Wall Street bonuses Reprints.
