...Through these means they were attempting to monopolize the oil trade and commerce in the United States. In my opinion, just because Standard Oil was violating the law does not mean that Rockefeller was act unethically. Weather Standard oil was a monopoly or not, the more important question is, were the practices of the Standard Oil efficient and did it hurt the social wealth of the country? Rockefeller took advantage of his economies of scale in order to deliver the products cheaper to the consumer. The consumer benefits from the price wars that Rockefeller engaged in. They received extremely low prices during the war and afterwards despite a small raise in the price, Rockefeller would not raise the price too high as to not attract new competition. This reduction in prices contributed the greater social wealth of the country. Rockefeller’s purchase of the refineries also produced positive results. Those former refiners who were entrepreneurs had this buyout money and could move on to other ventures. This would free up their capital and to help move out the production possibilities of the nation. This obviously would increase social wealth and lifestyle of the country. I do not think contradiction exists between Rockefeller’s personal and business ethics. He gave away about 550 million US dollars during his lifetime. Most of this money was given to foundations and organizations. Many people have criticized the business methods that he used in developing his vast...
Words: 297 - Pages: 2
...Parties: United States of America: The Plaintiff is the United States which says that the Sherman Antitrust Act has been violated by the defendants. Hilton Hotels Corporation: A defendant that allegedly agreed with other hotels to give preferential treatment to suppliers who paid assessments while decreasing purchases from those companies who refused. Along with its co-defendant, it is accused of bringing the combined economic power of the hotels against the suppliers who failed to pay. Western International Hotels Co.: Another defendant that was accused of violating the Sherman Act’s provisions with its refusals to deal with the unreasonable restraints on trade. Facts: In Portland, Oregon, representatives of hotels, restaurants and other business entities organized an association to attract potential conventions to their respective city. While at the convention, members were asked to make contributions equal to one percent of their sales in order to help finance. To help bolster their collections, hotel members, including the defendant Hilton Hotel Corp., agrees to give preferential treatment to the suppliers who paid their assessments. But for those who did not pay, actions were set in motion to help decrease the purchases from those particular suppliers. Procedure: The court found that the evidence was clearly sufficient to establish that the defendant hotels agreed to prefer suppliers who paid contributions over those who did not. The primary purpose and direct...
Words: 1427 - Pages: 6
...Policy Number: RS 05 77 05 09 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CURE PERSONAL INJURY PROTECTION COVERAGE (STANDARD PERSONAL AUTO POLICY) – NEW JERSEY With respect to coverage provided by this endorsement, the provisions of the policy apply unless modified by the endorsement. SCHEDULE I. Principal Personal Injury Protection Coverage Benefits Medical Expenses "Named Insured" and "Family Members" Limit Of Liability $ per person per accident However, regardless of the limit shown above, a limit of $250,000 per person per accident is available for a "named insured" or "family member" for "catastrophic injury treatment". "Insureds" Other Than "Named Insured" and "Fam- $250,000 per person per accident ily Members" Income Continuation Essential Services Death Benefits Income Producer Essential Services Provider Funeral Expenses II. Extended Medical Expense Benefits Coverage Benefits Medical Expenses $100 per week to a maximum of $5,200 $12 per day to a maximum of $4,380 $5,200 less any Income Continuation Benefits paid $4,380 less any Essential Services Benefits paid $1,000 $ Limit Of Liability per person per accident III. Medical Expense Benefits Deductible Unless otherwise indicated below or in the Declarations, medical expense benefits are subject to a deductible of $250 per accident. If indicated to the left or in the Declarations, medical expense benefits applicable to: A. The "named insured" and "family members" shall be subject...
Words: 7221 - Pages: 29
...NOTICE How To Comply with the DPRP Requirements Of Your CURE Policy The 'Automobile Insurance Cost Reduction Act' was signed into law on May 19, 1998, and it has led to changes in your no-fault (Personal Injury Protection or PIP) medical coverage. In enacting these reforms, the Legislature found that the substantial increase in the cost of medical expense benefits over the years had to be addressed by providing controls to eliminate medically unnecessary treatments, diagnostic testing and use of durable medical equipment. As a result, in accordance with the provisions of your CURE auto policy including its Decision Point Review Plan (DPRP) requirements, you have certain obligations that you must satisfy so that we may provide coverage for medically necessary treatment, diagnostic testing and use of durable medical equipment arising from an automobile accident in which you are injured. See EXHIBIT I for a copy of the DPRP section of your PIP coverage provisions. Failure to comply with the policy requirements as summarized below may affect the reimbursement for medical treatment, diagnostic tests and durable medical equipment. No decision point requirements shall apply within 10 days of the insured event or to treatment administered in emergency care. YOUR OBLIGATIONS 1. Treatment of "Identified Injuries” 'Pursuant to N.J.A.C. 11:3-4, the New Jersey Department of Banking and Insurance has published standard courses of treatment, called care paths, for injuries of the neck...
Words: 4336 - Pages: 18
...While making the agenda for the annual finance committee meeting there are some standard routine items to be included. According to Bergner (2014) these routine matters include, a review of the financial statement, accounts receivable updates, and approval of minutes. The agenda for the upcoming meeting in two months would also include the strategic financial plan. The accounts receivable, or the money owed, should include a discussion on how long accounts have been open, and the accounts receivable ratio (Bergner, 2014, p. 24). Bergner (2014) explains that a review of the financial statement would include points on the following five financial statements; balance sheet, statement of operations, statement of changes in unrestricted assets, cash flows, and notes. He explains some key points to discuss from the balance sheet would be a comparison between this year and the previous year’s current assets, total current liabilities, and net assets. In short the balance sheet provides a quick overview of where the organization stand financially. The next financial statement would be the statement of operations, or profit loss statement. Bergner (2014) explains this statement would include information on revenues and expenses resulting in the net profit of the hospital. Key points to discuss during this time would be salaries, bad debts, and investment revenue. The following financial statement would be the statement of changes in unrestricted net assets (Bergner...
Words: 727 - Pages: 3
...Pharmaceutical companies are regulated by law to provide these discounts. As result of these law pharmaceutical companies shifted cost back to private paying patient by making medicine more expensive than what it is worth. According to article from IMS institute for health care informatics, patients with insurance are paying higher premiums deductibles and co paying or co-insurance for medicines.(2014) To sum it up cost shifting and uncompensated care are being shift to patients who are insured. Hospitals and healthcare providers use these strategies recover from their loss due to those fact patients are unwilling to paid for their services. Cost shifting causes huge burden on patient...
Words: 375 - Pages: 2
...researching, making it a valuable multipurpose program in Westlaw. It can narrow results using West's digest topics and key numbers which makes it easy to pinpoint other cases dealing with the particular issue that is being researched (Teshima, 1999). Ruetgers-Nease Chemical Co. Inc. v. Firemen's Ins. of Newark, 566 A.2d 227 (N.J. Super. 1989), is a case where the plaintiff brought declaratory action to establish insurance coverage because of environmental contamination claims that were made against it. The insurance company did not want to cover the claims and moved to dismiss it for lack of jurisdiction. The court denied the motion and affirmed the chemical company’s claim because they have insolvent carriers that provides long-arm jurisdiction in New Jersey. The parallel citation to this case is 236 N.J. Super. 473. By using Kecite I found that the earliest case to cite this one is Rhulen Agency, Inc. v. Alabama Ins. Guar. Ass'n, 896 F.2d 674, 677 (2nd Cir. (N.Y.) 1990). Nine years later it was criticized in the case of Texas Property and Cas. Ins. Guar. Ass'n v. Boy Scouts of America, 947 S.W.2d 682, 687 (Tex. App. 1999). However, in this same year it was also given positive treatment by General Elec. Co. v. California Ins. Guar. Ass'n, 997 S.W.2d 923, 933 (Tex. App. 1999). Keycite provides a section that separates positive treating cases from the negative ones, making it easy to distinguish both of them. It also lets me know...
Words: 1080 - Pages: 5
...Concentration: Accounting Associates of Applied Science in Business Management, July 2011 Concentration: Accounting Diploma in Business Technology, June 1995 Mercer County Vocational-Technical School, Ewing, New Jersey GPA: 3.8 * Graduated with Honors, Eastern Division 1st Place Honors in Word Processing. * Worked in the summer of 1994 as an intern in the Vo-Tech office as an Administrative Assistant. SKILLS SUMMARY 1. Proficient in Microsoft Office Suite and NetSuite 2. Highly Efficient Processing of Invoices, Payments, Bank Reconciliation 3. Excellent Customer/Client/Co-Worker Relationships 4. Excellent Professional Verbal and Written Communication 5. Highly Efficient and Effective in Completing Tasks in a Fast-Paced Environment 6. Detail-Oriented and Highly Developed Organizational Skills 7. Excellent Analysis Skills in Vendor Invoicing and Employee Reports 8. Excellent Skill in Handling Daily Cash/Bank Reconciliations 9. Serious-Minded Work Ethic 10. Highly effective at executing tasks and multitasking ADDITIONAL INFORMATION * Member of the AICPA * Member of the DeVry and Keller Alumni Association EMPLOYMENT HISTORY Customer Service Coordinator – May 2012 to Present Jenny Craig – Princeton, New Jersey * Coordinate Clients with Counselors * Prepare and Coordinate Client...
Words: 632 - Pages: 3
...Disclosures: • This is not an insurance plan. • You get savings through discounts only at our contracted provider for services as described in this brochure. No other services are offered or provided. • The Co-Health Group Collegiate Plan does not make any payment directly to a provider or member for benefits described herein. • The plan member is obligated to pay for all health care services received. The member will receive a discount at time of purchase or service only from those providers who have contracted through the plan. • If, for any reason, within thirty (30) days of inception of membership, you are not completely satisfied with Plan Benefits you may request cancellation and receive a refund of monies paid. (Subject to a $25 processing fee.) • Since the Co-Health Collegiate Plan is not Insurance it does not contain any health restrictions.You can use benefits immediately when you receive your ID Card. • Florida Discount Medical Plan Organization: NewBN, Inc. D/B/A New Benefits LTD. 14240 Proton Road Dallas, TX 75244 Welcome Students, We are pleased to welcome you to the Co-Health Group Collegiate Plan. This Plan has been specifically designed to meet the needs of today’s College and University students (international or domestic) attending school in the United States. The Co-Health Plan provides you with the savings, through discounts, in certain Health Care. In the Collegiate Plan we are offering these savings on the Vision, Dental and Pharmacy Programs. They are...
Words: 1562 - Pages: 7
...In Vitro Fertilization September 15, 2014 Class: MA111 In Vitro Fertilization (IVF) is a process of fertilizing an egg with sperm outside the body. It’s a major infertility treatment when other methods of assisted reproductive technology have failed. The process of IVF involves monitoring and stimulating a women’s ovulation process, removing an ovum or ova (egg or eggs) from the women’s ovaries, added the sperm to fertilize the egg or eggs. Once the egg has been fertilized it becomes a zygote and will be cultured for 2-6 days, when will be transferred into a women’s uterus with intention of establishing a successful pregnancy. IVF can be used to overcome female and male infertility. According to NICE guidelines IVF is indicated in unexplained infertility for women who have not conceived after 2 years of regular unprotected sexual intercourse. For IVF to be successful it requires a healthy egg, sperm that can fertilize and a uterus that can maintain a pregnancy. With the large cost of IVF it is generally attempted after less expensive treatments have failed. Some couples use donor eggs or sperm to achieve a pregnancy, but some use IVF with a surrogate where another women carried the pregnancy. With IVF there are some risks like ovarian hyperstimulation which is routinely used with IVF. Ovarian hyperstimulation is where the ovaries are stimulated to develop multiple follicles, two common drugs used are Pergonal and Repronex which are injectable gonadotropins...
Words: 1105 - Pages: 5
...health care timeline Associate Level Material Appendix A: U.S Health Care Timeline Use the following timeline or create a timeline of your own with eight major events, including the four provided below, from the last 50 years. You may change the dates in the box to match the dates of your events. Include the following in your timeline: • Medicare and Medicaid • HIPAA of 1996 • State Children’s Health Insurance Program (SCHIP) • Prospective Payment System (PPS) |1950 |During this year, most American receives their health coverage through the private | | |insurance market, usually through their jobs. Many people buy their own insurance in | | |individual market. Private health coverage products pool the risk of high health care | | |costs across a large number of people, permitting them (or employers on their behalf) | | |to pay a premium based on the average cost of medical care for the group of people. | | |This risk-spreading function helps make the cost of health care reasonably affordable | | |for most people. | |1960 |Medicare and Medicaid were previously known as Health...
Words: 814 - Pages: 4
...Epidemiology/Health Services/Psychosocial Research O R I G I N A L A R T I C L E Out-of-Pocket Costs and Diabetes Preventive Services The Translating Research Into Action for Diabetes (TRIAD) study ANDREW J. KARTER, PHD1 MARK R. STEVENS, MSPH, MA2 WILLIAM H. HERMAN, MD, MPH3 SUSAN ETTNER, PHD4 DAVID G. MARRERO, PHD5 MONIKA M. SAFFORD, MD6 MICHAEL M. ENGELGAU, MD, MS2 J. DAVID CURB, MD, MPH7 ARLEEN F. BROWN, MD, PHD4 THE TRIAD STUDY GROUP* OBJECTIVE — Despite the increased shifting of health care costs to consumers, little is known about the impact of financial barriers on health care utilization. This study investigated the effect of out-of-pocket expenditures on the utilization of recommended diabetes preventive services. RESEARCH DESIGN AND METHODS — This was a survey-based observational study (2000 –2001) in 10 managed care health plans and 68 provider groups across the U.S. serving ϳ180,000 patients with diabetes. From 11,922 diabetic survey respondents, we studied the occurrence of self-reported annual dilated eye exams and diabetes health education and among insulin users, daily self-monitoring of blood glucose (SMBG). Conditional probabilities were estimated for outcomes at each level of self-reported out-of-pocket expenditure by using hierarchical logistic regression models with random intercepts. RESULTS — Conditional probabilities of utilization (95% CI) varied by expenditure for dilated eye exam [no cost 78% (75– 82), copay 79% (75–...
Words: 4846 - Pages: 20
...A REPORT ON INDUSTRIAL ATTACHMENT AT CORPORATIVE INSURANCE COMPANY UNIVERSITY OF ELDORET SCHOOL OF BUSINESS AND MANGEMENT SCIENCE PRESENTED BY KENNEDY OCHIENG` OBIERO REG. NO: BBU/008/2011 September, 2014 CIC Insurance Group Acknowledgement This attachment was possible thanks to the cooperation and support of a number of people, who have enabled me gain much more than what the scholastic or industrial aspects of the program could have given. I am grateful to them all, and would like to express my appreciation to the following people: Mr. Joel Ochieng`, my Industrial Attachment supervisor in CIC, for sharing enthusiastically with me his experiences in insurance. I am sincerely indebted to him for supporting and assisting me thus contributing to the success of this industrial attachment. ................., the school supervisor from the University of Eldoret, who has helped in coordinating with the administration stuffs and provide valuable assistance in my logbook and report writing. I wish to thank the Almighty God for seeing me through all circumstances during the course of my study. Let his holy name be glorified. More thanks go to my group mates for their constructive criticism that enriched my way of thinking. Table of content Summary of the report Life insurance is an important aspect of the social-economic development of the society. It helps to safeguard the future while also ensure some savings that can be used in a later date. Despite...
Words: 3275 - Pages: 14
...performance; post evaluation approach; community participation in projects; SWOT analysis; managing risk and exposure. Suggested Readings: 1. 2. 3. 4. Note: 1. 2. Four case studies will be discussed in a paper by the concerned teacher in the class. Instructions for External Examiner: The question paper will have two sections. Section ‘A’ shall comprise eight questions (two questions from each unit). The candidates will be required to attempt four questions (selecting one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All five questions will carry equal marks. Chandra, P., Project Planning Analysis, Selection, Implementation and Review, Tata McGraw Hill, New Delhi. Hedemey, J.W., Control and Management of Capital Projects, John Wiley, New York. Wysocki, R.K., R. Bick and D. B. Crane, Effective Project Management, John Wiley and Sons, USA. Vasant Desai, Project Management, Himalaya. Only latest editions of the above are recommended. Written Exam: 70 Internal Assessment: 30 Time: 3 Hours Entrepreneurship Development Paper Code: 3.2 Unit-1 Nature and dimensions of entrepreneurship; creativity, innovation and entrepreneurship; entrepreneurship versus...
Words: 6873 - Pages: 28
...The Health Insurance Exchanges are online marketplaces for health insurance where Americans can obtain coverage from competing private health care providers. Shoppers can use a price calculator to see if they qualify for cost assistance subsidies and see side-by-side comparisons of qualified health plans ensuring the best deal for them and their family. Open enrollment in the Health Insurance Marketplace only stays open for a limited time and you won’t be able to sign up outside of open enrollment without qualifying for a special enrollment period. The Health Insurance Marketplaces are estimated to provide up to 29 million people with affordable health insurance by 2019. During open enrollment, you can use the marketplace to enroll in a new...
Words: 1441 - Pages: 6
