It appears that Congress will do nothing about healthcare andit may be time to take a look at the system and apply somepractical risk management (RM) principles.

In RM, the first step is identifying exposures. For health, thatis everybody. What else is exposed? Our health dollars. We spendmore than any other nation on healthcare, but are only 13th inhealthiness. We have a high infant mortality rate, and the primarycauses of death are drugs, auto accidents, diabetes-relatedproblems, Alzheimer's and cancer.

The next RM step is to identify the hazards leading to loss.There are many: poverty, drunk driving, homelessness, easy accessto narcotics, lack of exercise, guns and plain stupidity.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.