How Driverless Cars Will Shift Auto Insurance Nearly every state in the U.S. requires drivers to carry a minimum level of auto insurance to protect themselves and their property, as well as other drivers and passengers.
The federal government provides a minimum level of social insurance to all of us, in case we outlive our assets and our families' ability to support us.
The U.S. Supreme Court is taking up the question of whether Congress had the Constitutional authority to require individuals to have a minimum level of healthcare insurance, or face a tax penalty.
The board is also scheduled to vote on a final rule setting a much higher long-term target for the minimum level of its insurance fund as well as its budget for the upcoming year.
The introduction of the Massachusetts health care reform law in 2006, which mandated that nearly every resident of Massachusetts obtain a state-government-regulated minimum level of healthcare insurance coverage, completely changed the healthcare market in Massachusetts.
Sullivan notes that the Democrats' House and Senate bills have effectively gutted the public option, eliminating all but one of the features of Hacker's original version of the "option" (maintaining the same minimum level of benefits by private and public insurances).
Of course, because neither the minimum level of coverage, nor the costs to all the insurance options have been finalized, lots of uncertainty remains.
A trigger would also tell the insurance industry the exact minimum level of care and service they need to provide (a level worse than they provide now) before they face competition, giving them incentive to stay at that level and no better.
The Irish insurance market has been quite vulnerable to adverse selection, firstly because insurers must cover a minimum level of benefits rather than standardized benefits.
This "fail first" practice used by insurance companies to pay for the minimum level of care until a patient relapses and requires more treatment is killing people, quite literally.
