Cargoinsuranceisanactivityaimed atmoving the burdenofriskfrom the shoulders of the exportersandimporters, and placing it upon the shoulders of specialist risk-bearing underwriter.
By removing 65 and 66 year olds from a Medicare program where they are the youngest and least likely to use Medicare funds to pay for their illnesses, we are placing them back into the private insurance pool where they instantly become the oldest and, therefore, the most likely to get sick.
It is one of the reasons why the President pursued insurance reform, because he wanted to address the burden that costs were placing on individuals as well as businesses.
The first is that investors are moving money out of life-insurance companies, some of the biggest holders of corporate bonds, and placing it with investment-advisory firms with superior performance.