The decision to buy a lottery ticket, gamble on a stock, or buy an insurance policy often comes down to an assessment of risk. How much do I have to lose or gain? For centuries, economists have debated about when somebody ...
Economics & Business
Jan 17, 2020
2
61
Since social scientists and economists began measuring poverty, the definition has never strayed far from a discussion of income.
Social Sciences
Nov 18, 2016
10
903
Customer service calls can be frustrating for consumers and agents alike. But MIT spinout Cogito believes it can use behavioral analytics to make those experiences less onerous.
Computer Sciences
Jan 20, 2016
0
23
Health care providers and insurance companies are increasingly relying on smartphone and wearable activity trackers to reward active individuals for healthy behavior or to monitor patients.
Computer Sciences
Jan 11, 2016
0
19
Now we know how some Senate staffers keep busy during Congress' summer recess.
Internet
Sep 3, 2015
1
143
A new study finds that children who received expanded Medicaid benefits in the 1980s and 1990s contributed more to the U.S. tax system as adults. They also were more likely to attend college and less likely to die prematurely ...
Economics & Business
Jan 12, 2015
19
520
The Watson supercomputer is graduating from its medical residency and is being offered commercially to doctors and health insurance companies, IBM said Friday.
Computer Sciences
Feb 8, 2013
3
0
Take a moment to consider some of the financial choices you've made in recent years. Do you have a consistent approach to your money, either by playing it safe or having a willingness to take risks? Or do you not have a set ...
Economics & Business
Dec 3, 2012
0
0
A movement by privacy activists to curb tracking of Internet users' browsing habits scored a major victory last month when Microsoft launched its new browser with "do not track" as the default, or automatic setting.
Internet
Nov 17, 2012
9
0
The medical training of IBM's speedy Watson computer will continue with a residency at a renowned Manhattan cancer hospital.
Hardware
Mar 22, 2012
3
0
Health insurance is insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.
By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
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