tsuomela + insurance   46

Guest Commentary: Climate spin is rampant - The Denver Post
"Along with colleagues around the world, I've been studying climate change and disasters for almost 20 years, and we just had a scientific paper accepted for publication this week on damage from U.S. tornadoes since 1950. What we found may surprise you: Over the past six decades, tornado damage has declined after accounting for development that has put more property into harm's way. Researchers have similar conclusions for other phenomena around the world, ranging from typhoons in China, bushfires in Australia, and windstorms in Europe. After adjusting for patterns of development, over the long-term there is no climate change signal — no "footprint" — of increasing damage from extreme events either globally or in particular regions."
climate-change  global-warming  disaster  insurance  politics  spin  climate  meteorology 
october 2012 by tsuomela
interfluidity » Trade-offs between inequality, productivity, and employment
"I think there is a tradeoff between inequality and full employment that becomes exacerbated as technological productivity improves. This is driven by the fact that the marginal benefit humans gain from current consumption declines much more rapidly than the benefit we get from retaining claims against an uncertain future.

Wealth is about insurance much more than it is about consumption. As consumers, our requirements are limited. But the curve balls the universe might throw at us are infinite. If you are very wealthy, there is real value in purchasing yet another apartment in yet another country through yet another hopefully-but-not-certainly-trustworthy native intermediary. "
money  wealth  income  income-distribution  insurance  inequality  productivity  employment  technology  from delicious
august 2012 by tsuomela
Einer Elhauge: If Health Insurance Mandates Are Unconstitutional, Why Did The Founding Fathers Back Them? | The New Republic
"But there’s a major problem with this line of argument: It just isn’t true. The founding fathers, it turns out, passed several mandates of their own. In 1790, the very first Congress—which incidentally included 20 framers—passed a law that included a mandate: namely, a requirement that ship owners buy medical insurance for their seamen. This law was then signed by another framer: President George Washington. That’s right, the father of our country had no difficulty imposing a health insurance mandate."
politics  health-care  insurance  history  from delicious
april 2012 by tsuomela
Neal Stephenson on Science Fiction, Building Towers 20 Kilometers High ... and Insurance - Technology Review
"In fact, said Stephenson, we already have much of the fundamental technology we need to fulfill such science fiction ambitions as large scale solar power production, or routine space flight. Instead, he said, we need to start looking at the non-technological obstacles to these advances, citing insurance as a key example. The development of alternative space launch systems has been curtailed by the unwillingness of the insurance industry to underwrite satellite launches on systems for which there is no good model of the risk involved. Turning to the audience of mostly MIT students, Stephenson said "maybe some of you people need to go into the insurance industry instead of writing code." 
science  sf  future  insurance  law  barriers  technology  from delicious
april 2012 by tsuomela
Health Care.gov
Health care and insurance metasearch interface and gateway for the Affordable Care Act.
health-care  insurance  medicine  reference  government 
july 2010 by tsuomela
Health Care’s Raw Deal for Middle-Class Families | NDN
From the data Steuerle presents, we can calculate that within just five or six years, the average middle-class family will have to devote nearly one-third of its income to health care costs. That’s right: one-third. According to the CBO, the average family will earn $54,000 a year in 2016, when a moderate-priced family policy will cost $14,700.
health-care  cost  insurance  income  class  middle-class 
november 2009 by tsuomela
The Truth About Malpractice Lawsuits - BusinessWeek
A 2004 study by the Congressional Budget Office came up with much lower figures, however. The CBO estimated that malpractice premiums and awards to patients represent less than 2% of overall health-care spending. The CBO also concluded that any reductions in medical overtreatment from tort reform would be negligible.
medicine  health-care  reform  law  tort  malpractice  cost  insurance  lawsuit 
september 2009 by tsuomela
The Myth of Consumer Choice « The Baseline Scenario
So what really frustrates me about this whole “consumer choice” fraud is the premise it begins with. It starts out by framing health care as a problem of consumer incentives – health care is too cheap. This is a factually accurate framing that leads you to a dead end (unless you think people who underestimate their future sickness should die). I think the right way to frame this issue is with this question: Given a poor person and a rich person who have the same potentially fatal disease, should both of them live, or only one?
health-care  medicine  choice  consumer  health  cost  insurance  risk  free-markets  information  ideology  choice-fetish 
september 2009 by tsuomela
Lehman’s Last Contribution to Society: A Lesson on Social Insurance - Economix Blog - NYTimes.com
Prior to this form of social insurance, the owners of a business were legally liable with their personal wealth for damages the business might have inflicted on others. With limited liability, the corporation’s shareholders are liable only up to their equity stake in the company. They can lose at most the value of their investment in the corporation’s stock. Beyond that, someone else in society — often the taxpayer — bears the financial risk for damages attributable to the corporation.
business  social  insurance  choice  risk  finance  america  ideology  free-markets 
september 2009 by tsuomela
Health Bills Might Not Protect Some Needy Americans, Experts Say - Kaiser Health News
Concern about the legislation's cost has overshadowed a major worry among some policy experts: Whether the Democrats' plans would protect low- and moderate-income earners from excess financial burdens, as backers have promised.
health-care  insurance  reform  politics  public-option  cost  class  income 
september 2009 by tsuomela
naked capitalism: What real comprehensive healthcare reform looks like
Says the important consideration is lowering out-of-pocket expenses for everyone - to provide economic security. Also adds some points on end employer based health insurance.
health-care  reform  insurance  politics 
august 2009 by tsuomela
The Atlantic Online | September 2009 | How American Health Care Killed My Father | David Goldhill
A non-strident argument for competitive markets in health care. Use insurance for truly catastrophic care, drop employer paid "insurance", and let people pay for their routine care from regular income.
health  health-care  reform  government  insurance  medicine  economics 
august 2009 by tsuomela
Ezra Klein - When Health Care Does Become a Negotiation
Lays out three stages of reform: initial passage, conference committee, final agreement. Argues that negotiation will happen in the final stage.
health-care  reform  insurance  congress  legislation  negotiating 
august 2009 by tsuomela
Ezra Klein - It's Not About the Insurers. At Least Not Totally.
"It's easy to argue that insurers are villains. It's hard to argue that their villainy is the primary problem in health care..There are two main problems in the health-care system: Coverage and cost." The former can be mandated the cause of the latter is unclear, especially the role of insurance companies and cost.
health-care  insurance  medicine  reform  business  public-option 
august 2009 by tsuomela
Why the "death panel" claim is working - James Fallows
In this recent item about the apparent triumph of the McCaughey/Palin/Grassley/ Limbaugh tribe in keeping the false "death panel" idea going, I said I had been wrong to think that the modern blogosphere could act as a truth squad. Here are several reader hypotheses about why things are panning out this way, starting with the one that's most vivid and convincing and ending with a truly constructive suggestion.
town-hall  health  reform  insurance  death-panel  information-cascade  rumor  information  diffusion  stickiness  propaganda  right-wing  communication  media  journalism 
august 2009 by tsuomela
Ezra Klein - In Defense of Experts
Klein takes on Megan McArdle and defends his previous posts about innovation and drug companies.
medicine  health  reform  expertise  insurance  innovation  drugs 
august 2009 by tsuomela
Why markets can’t cure healthcare - Paul Krugman Blog - NYTimes.com
One of the most influential economic papers of the postwar era was Kenneth Arrow’s Uncertainty and the welfare economics of health care, which demonstrated — decisively, I and many others believe — that health care can’t be marketed like bread or TVs. Let me offer my own version of Arrow’s argument.
markets  economics  health  medicine  insurance  policy  government  incentives 
july 2009 by tsuomela
AIG: Before CDS, There Was Reinsurance | The Big Picture
Some inflammatory suggestions about fraudulent use of "side letters" in the re-insurance industry. Where there's a will to bend the rules there is a way to make money.
accounting  aig  bailout  cds  fraud  business  insurance  banking  financial-engineering  gloom-and-doom  wheels-within-wheels  rotten-to-the-core 
april 2009 by tsuomela
FT.com / Columnists / GillianTett - Good idea that turned bad
Far from promoting “dispersion” or “diversification”, innovation has ended up producing concentrations of risk, plagued with deadly correlations, too. Hence AIG’s inability to honour its insurance deals to the rest of the financial system, until it was bailed out by US taxpayers.
economics  crisis  risk  banking  insurance  finance  complexity  concentration 
march 2009 by tsuomela
Dept. of Human Resources: The Risk Pool: The New Yorker
[GM and Bethlehem Steel] with respect to the staggering burden of benefit obligations, what got them in trouble isn’t what they did wrong
economics  risk  insurance  pensions  benefits  human-resources  time  management 
november 2008 by tsuomela
The New Financial Order
Fundamental innovations will help us to deal with major risks to our livelihoods, our homes, our cities, and our nations, at a time of rapid change in the world economy. by Robert J. Shiller
economics  finance  insurance  labor  work 
march 2008 by tsuomela

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