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As the executives reviewed finances on the close of the hospital’s fiscal 12 months in June, they discovered that two main carriers â€” Molina and Blue Cross Blue Defend of Texas â€” had been paying CHI St. Luke’s lower than their competitors for the same services, CEO Doug Lawson mentioned. With so many children writing to Santa each Christmas, this company registered a postal code at North Pole in Alaska (US) and started charging US$10 per letter from Santa Claus.
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A promise of compensation for specific potential future losses in trade for a periodic payment. Insurance is designed to guard the monetary properly-being of an individual, firm or other entity in the case of surprising loss Some types of insurance coverage are required by regulation, while others are non-obligatory Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer In exchange for funds from the insured (referred to as premiums ), the insurer agrees to pay the coverage holder a sum of cash upon the incidence of a specific occasion.
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