Business Economics Essay Example | Topics and Well Written Essays - 2000 words - 2

Business Economics - Essay Example The insurance company works this ways: â€Å"The insurance company collects premiums from policy holders, invests the money (usually in low risk investments), and then reimburses this money once the person passes away or the policy matures† (Investopedia ULC). â€Å"In the U.S., the  Gramm-Leach-Bliley Act of 1999 legislated that banks, brokerages, insurance firms and other types of financial institutions can join together to offer their customers a more complete range of services† and this has lead to a lot of mergers and acquisition† (Investopedia ULC). The Life Insurance Business of Prudential operates under the umbrella organization Prudential Financial Inc which is listed under the New York Stock Exchange. Prudential Financial Inc started with the life insurance and asset management business with a clientele of approximately 50 million individuals (Prudential Financial Inc, 2009). Its insurance business covers life insurance, annuities, long-term care insurance and Auto, Home, RV, Watercraft and Personal Liability Insurance. Prudential life insurance creates value through offering wide range of insurance that fits each individual. The delivery of insurance is designed to fit the specific need of the person. Examples of these are the varieties of life insurance of Prudential Life such as for wealth preservation and long-term death benefit. The company has its office in New Jersey and other states all-over the country. There are several factors that can affect the demand. Normally, textbooks would mention prices, income, taste, number of buyers, prices of related goods (whether substitute or complement) and expectations (whether on future prices or future income) (Mankiw, 1998). In this paper, we are going to discuss at least four – prices, income, number of buyers and expected future prices. Price change is the

Strategic management of healthcare organization Research Paper

Strategic management of healthcare organization - Research Paper Example Health insurance is a hindrance to management of diabetes, normally with dire consequences. Diabetes management costs can be as much as two hundred dollars a month. Adults who are uninsured are less likely to receive care needed for disease management than those with insurance. Meanwhile, those having health insurance have hardships obtaining needed care when there is inadequate coverage. Common place events, most often, lead to adults losing health insurance. These are divorce and change or loss of ones job. Health insurance depends on the applicant’s employment and family status, state of residence, health status, income, and age. Any change in these factors often can and will lead to automatic disruption or change in health coverage. On average, two and a half million Americans lose insurance cover every month (Karen et al 88). It is difficult to regain ones health insurance once revoked (Karen et al 89). Adults suffering from the debilitating disease who apply for health insurance individually are more often than not denied. Many of the victims can not access qualification for Medicare or Medicaid. When there is the availability of new coverage, most of the diabetes patients find the coverage to be inadequate or unaffordable. Adequacy, affordability, and access barriers are redundant and create layers upon layers of hardships which the diabetics cannot overcome. According to studies, when an individual loses health coverage during a period of sickness, it becomes more difficult for them to regain it as compared to healthy people (Karen et al 90). They thus go for long spells of no insurance, which worsens their situation. Policy makers need to act toward making health insurance adequate, affordable, and available. Presence of options regarding health insurance is not a guarantee for health security. More often than not, policy makers attempt to paper over cracks in the health insurance system via the creation of safety net protections, which