And a world without risk shifting would not be a happy or rich one.
But I also believe Obamacare carries an unacceptable risk of shifting the paradigm of the US healthcare sector decisively away from a market based one.
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Such a plan has the risk-shifting characteristics of a traditional pension, but awards credits in dollar amounts for every year worked, much in the way that a 401(k) grows.
Shifting risk either weakens the industrial base or leads companies to hedge bets by charging more up front.
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One way companies are managing profits is by shifting risk to policyholders with exceptions to coverage and higher deductibles.
The basic story is you open the markets to wider participation and the cost of shifting risk goes down.
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We counter that with the notion that in this world of amplified and constantly shifting risk, no company can afford not to have a plan, or set of plans in place that enable them to swiftly and nimbly respond to a range of eventualities.
According to Singer, politicians have an additional incentive to keep using contractors: shifting political risk.
No wonder that most empowerment financiers are busily devising ways of shifting more risk on to black shoulders.
First, would-be entrepreneurs invest a great deal of time in forging relations with government officials to receive the right incentives and guarantees that will in essence, shifting the risk of the investment to the taxpayers.
Dean is merely closing the circle and banking that his full-service model will push individual acts to draw the attention of musical venture capitalists as backers, shifting the risk of signing an up-and-coming act from the record label to outside investors.
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The balance of power is now shifting back from risk-takers to those who police them internally.
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Companies shifting perishable goods risk losing the lot if they refuse to pay up.
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When the Inuit first explored the Arctic in their kayaks, they faced freezing temperatures, angry polar bears and the risk of being crushed between shifting ice flows.
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This year, the unions and business association chose to move the holiday on Dec. 6 celebrating the approval of the country's constitution following a four-decade dictatorship to a Monday rather than risk angering the church again by shifting the public holiday on Dec. 8, the Feast of the Immaculate Conception.
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The insurance company helps by creating a provider panel with good value for cost and shifting away the high-end risk.
The software house is shifting to a licensing model for Star Wars games, reportedly "minimizing the company's risk" while expanding the range of games on offer.
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