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Cavalcade of Risk – #169

by Ray on October 31, 2012

Welcome to the 169th edition of the Cavalcade of Risk, a collection of the some of the most important and well-written posts pertaining to risk and insurance.

  • Commercial vs. Self-insured Healthcare Plans: Should you choose commercially-insured or self-insured healthcare? What are the pros and cons of each type of plan? We’ve got the answers.
  • Tactical Asset Allocation – Most Important Value Investing Strategy: Tactical asset allocation is an active strategy that includes continual management of risk through portfolio rebalancing to a flexible asset allocation target based on value.
  • Instant Term Life Insurance – Cheap Term Life Insurance for High Risk Individuals: So you’re in the market for life insurance and you’ve been all over the internet trying to pinpoint the best form of life insurance for your needs. Perhaps, you’ve narrowed your choice down to term life insurance. With this type of life insurance policy, you’re leaving behind financial assistance for your loved ones while having the assurance of knowing how your premium fits into your budget over the course of the set coverage period.
  • InsureBlog: Outliving Your Insurance: So what could be risky about living *too* long? For one thing, as InsureBlog notes, you could outlive your life insurance.
  • Affordable Life Insurance for Cigar Smokers: The number one goal for cigar smokers searching for the best life insurance rates should be to obtain non-smoker rates. Here’s how you do this.
  • Healthcare Overutilization And General Physical Exams — Colorado Health Insurance Insider: General physicals. They’re sort of an untouchable aspect of healthcare. Everyone – both supporters and opponents of the ACA – seems to like the idea of preventive care and physicals (the discussion about who should pay for preventive care is another matter, but it’s rare for someone to come out and say that physicals are a waste of healthcare dollars). And yet maybe we’re not really getting much bang for our buck with them. It’s counter-intuitive, and sure to raise some hackles. There are lots of comments on the article; one says “This article is irresponsible. How could routine checkups NOT be a good thing?” Of course it’s answered by another comment that points out the results of the study cited in the article that found no difference in the risk of death or the risk of death from cancer or heart disease when comparing the group that accepted regular physical exams and the group that declined them. A good reminder that we need to check our “common sense” and “everyone knows that…” ideas at the door and pay more attention to peer-reviewed science instead.
  • Health care data thieves mainly looking to make money : Patient data is at risk because doctors and hospitals do a poor job of securing it from cyber crooks. Do yourself a favor and say “no” when the doctor’s office asks for your Social Security Number.
  • Insurance Coverage Law in Massachusetts: Representing an insurance company does not make you a bad person: Contrary to the assertions of incumbent Republican Massachusetts senator Scott Brown, the fact that his Democratic opponent Elizabeth Warren has represented and been paid by an insurance company tells us nothing about her character, her credentials, or her fitness to hold office.
  • Reducing Cancer Treatment Costs : This post reviews proposals to bundle payments to the providers of cancer care and discusses how bundled payments shift risk from insurers to providers.
  • Controversial Use of Financial Incentives in The UK’s National Health Service: Russell Hutchinson compares the use of incentives to encourage the use of Liverpool Care Pathways with other incentives in the financial services industry – which have recently been criticized for outcomes far less serious than encouraging someone to die.
  • Disease Management Care Blog: The “Cost Disease” of Health Care: William Baumol’s Surprising Perspectives on Why It’s Unavoidable and Not That Bad: In this post, Dr. Sidorov examines an economic argument that health care, thanks to its high labor costs, is destined to consumer a greater and greater fraction of the United States’ GDP. That’s because labor costs are being squeezed out of other parts of the economy, which results in an overall smaller denominator versus the health care numerator. The good news is that we can afford it.
  • Homeowners Insurance and Tree Removal @ Financial Ramblings: Ever wonder who’s responsible if a tree falls on your (or your neighbor’s) property? The short answer is “it depends”. This post gives a rundown of the possible scenarios.

The next week the carnival will be hosted by Jay Norris @ Insurance Shoppers.

This post was written by...

– who has written 12 posts on Excess Return.

After completing his undergraduate degree in Psychology at York University, Ray took a keen interest in the capital markets and financial planning. He has completed the Canadian Securities Course (CSC) and recently completed the Chartered Financial Analyst (CFA) program. Prior to setting out on his own ventures, Ray worked as an investment advisor and insurance consultant at various major firms. You can find him around the blogosphere and various social media sites.

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