State Compensation Insurance Fund

An American Health Insurance Company The history Aetna, dates back to the 1800’s when the company started operating as Aetna Fire Insurance Company back in 1819. Aetna then organized an annuity fund to sell life insurance in 1853 changing the company’s name to Aetna Life Insurance Company. The company’s first president Elipahlet A. Bulkeley decided to keep the name “Aetna” to take advantage of the good reputation, and the name was inspired by an 11,000-foot volcano on the eastern shores of…

program Medi-Cal. State to receive federal Medicaid funds, the state must contribute matching amount from their own funds. In 2009, a new program has been created such that California hospitals were required to pay a fee to help California get the federal funds available for medical aid. This program has resulted in hospitals in California received nearly $ 2 billion annually in additional federal funds for the program Medi-Cal. However, California has diverted some of the funds from the…

Health Program in 2010. It was a program that gave special medical care to those that helped in responding to the victims of the 9/11 terrorist attack of the World Trade Center and the Pentagon. The Zadroga Act also restored the 9/11 Victims Compensation Fund, which Congress put together to help those that got hurt from…

The fed should continue with low interest rates only as long as the threat of inflation remains low. Recently the government has made the 250,000 dollar FDIC insurance permanent, this is a bad idea. The old limit of 100,000 covered 98% of all bank customers, most have less than 6000 in their accounts (Pozen p. 183). The higher insurance limit only makes banks less responsible with their lending. The new limit also raises the government’s liability in the event of a…

Donation Compensation There is no shortage of people who are in need of lifesaving organs. There is a waiting list of over 650,000 people just waiting to receive lifesaving organs. This list is accumulated data from across the United States. Of this amount, almost sixty percent of this number are people waiting for kidney transplants. The only problem is that there are not enough people willing to donate their kidneys to strangers. It does not seem fair that the pharmaceutical and insurance…

A volunteer is defined as an individual performing services for a nonprofit organization or a governmental entity who does not receive compensation or any other thing of compensation, in excess of $500 per year (Congress, 1997). Almost anyone can get involved in a nonprofit organization or governmental entity. A nonprofit organization is defined as, “Any organization which is described in section 501(c)(3)…

government should regulate the insurance industry due to the bailouts stemming from the financial crisis of 2008. Currently, state governments regulate the insurance industry. Proponents of federal regulation argue that states are inefficient in the duty of insurance regulation. Additionally, the federal government has economies of scale and may offer an increase in efficiency unlike state regulation. There are advantages to both sides of this debate; however, states should still be given this…

expensive to implement. It does not offer compensation to patients suffering from terrible medical care and gives compensation to those who have not. The system designs enticements to embark on cost ineffective treatments on the basis of fear of legal liability. The shortcomings of the modern system have forced several states to alter the laws in a manner to minimize malpractice liability (Santry et al., 2014). A number of physicians carry malpractice insurance which cover defense costs and any…

is, even with such potential of making profits who is there to fund their ideas. In 1975 the narshimhan committee recommended the formation of regional rural banks in India. On 2nd October 1976 five RRBs were setup with the capital of 100crores but later it was augmented to 500crores the five banks. The central government, the state government and the sponsor banks. Who held shares in the ratios as follows Central Government-50%, State Government- 15% and Sponsor Banks- 35 %. Earlier, Reserve…

government agencies. The country provides health insurance for most citizens, but there is also the option of private health insurance, which is utilized by a small portion of the population. It is mandatory for every citizen to have health care coverage. The government plays a large role in the health care system including insurance, hospitals, and other health care activities. This is much different from the more privately controlled United States system. Overall, the system has many aspects…