Comment.They've Created a Monster What an interesting situation Ron Panko's "Batter Up" article reveals in the February 2001 issue of Best's Review. How ludicrous that the Dr. Frankenstein team owners in pro sports, after creating the financial grotesqueries of Rodriguez, Ramirez and the rest -- fiscal monsters all -- now wring wring v. wrung , wring·ing, wrings v.tr. 1. To twist, squeeze, or compress, especially so as to extract liquid. Often used with out. 2. their hands at the potential lack of capacity in the insurance industry to underwrite their lurid lu·rid adj. 1. Causing shock or horror; gruesome. 2. Marked by sensationalism: a lurid account of the crime. See Synonyms at ghastly. 3. experiments. But they'll try to find a way, rest assured, to continue the mayhem created by such excesses. Why should the insurance industry continue to fuel the insanity insanity, mental disorder of such severity as to render its victim incapable of managing his affairs or of conforming to social standards. Today, the term insanity is used chiefly in criminal law, to denote mental aberrations or defects that may relieve a person from by supporting such financially, ethically and morally destructive practices? Robert L. Wasserman, CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use President Technical Insurance Services Jeffersonville, N.Y. Don't Micromanage micromanage Administration A popular term for excess oversight of lower management by upper management Managed Care While this ("Managing Managed Care," February 2001) was an excellent article, I disagree with Verb 1. disagree with - not be very easily digestible; "Spicy food disagrees with some people" hurt - give trouble or pain to; "This exercise will hurt your back" the basic premise that we need more "managed" in managed care. It is true that managed care brought about efficiencies and put the brakes on cost increases in the '90s but many believe that it is not the "end game." Squeezing providers harder will not bring the results seen in the early years of managed care and probably is not in the best interest of the public. Perhaps it is time to focus on the real causes of health-care cost. The real causes are no longer inefficient providers. For example, the system is not in tune with the forces of the free-enterprise system. Consumers do not purchase health care the same way they purchase other goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The system must be changed to unleash the competitive forces of the free-enterprise system. Depending on whose figures you look at, it is believed that about 60% of costs are behaviorally driven. If this is true, and many believe it is, the next generation of cost controls should address this problem. Steve Bow President Steve Bow & Associates Inc. Henderson. Nev. In the Spotlight [*] "Some of the smaller areas might try to bend the rules or ignore regulation just to get the business, but a good regulatory environment is important. I would say 90% of the people who want to set up offshore captives want that strong regulatory environment." William McCullough Supervisor of Insurance British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. "We don't view business from a market share point of view When you see how we manage such a wide spectrum of businesses, it's based on a strategy of segmentation. We operate in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with strategic business units, with each of them having a focus on a partial segment of the market, segmented by size of customer and by what the customer does." Constantine "Dinos" Iordanou Chief Executive Officer Zurich North America Corporate Region (*.) excepted from BestWeek |
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