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It is true that health care paid by government and by private insurers needs to get more efficient so that basic health care is affordable for the average American; this is not debatable.
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That runs against a provision in property insurance saying that insurers need to be notified of any claim as soon as practicable.Like all branches of American industry, insurers are being confronted with an increasing number of lawsuits.
Will these individuals simply be allowed to buy exchange-based insurance or will insurers need to build a dedicated market for them?
So insurers need permission from state insurance commissioners to exclude terrorist risk from their policies.
People with spent convictions have a legal right to access the same insurance as anybody else and insurers need to be clear with their customers about this.
In order to remain, or in some cases once again become, a relevant investment vehicle, life insurers need to shift to a needs-based, solution-selling approach.
Life insurers need to start thinking less in terms of life insurance as an "event" purchase – bought once and kept in perpetuity – and more as a relationship.
Insurers need to facilitate this by designing value-based contracts with the right incentives.
Insurers need to share the resulting savings, enabling physicians to invest in providing these services.
Pension and retirement funds, along with insurers, need long-dated paper to match their distant liabilities.
"Insurers need to give the money they were contractually obligated to give," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com