Carinsurancecontracts, for example, have for decadesavoided providing fullcover in the event of accidents, forcingdrivers to paya proportionof the costs from a crash.
These are the patients who are in the top one per cent of costs because they were in a car crash that resulted in a hundred thousand dollars in surgery and intensive-care expenses, or had a cancer requiring seven thousand dollars a week for chemo and radiation.
Edward Parker of Fitch says that a Baltic crash might mean that some countries have to follow the example of Portugal, which has been stuck with high costs and low growth after an unsustainable boom.