Business

GM strike negotiations take 'turn for the worse': union

Negotiations to resolve a three-week-old strike at General Motors for better pay, benefits and job security have taken "a turn for the worse," a top negotiator with the United Autoworkers Union said Sunday.

Internet

Can blockchain technology help poor people around the world?

Big Wall Street companies are using a complicated technology called blockchain to further increase the already lightning-fast speed of international finance. But it's not just the upper crust of high finance who can benefit ...

Health insurance

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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