Word: marketing
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Following the commerce committee investigation, one of the country's largest insurers - Aetna - admitted it had misreported its revenues in a way that overstated its MLR in the small group market. The company recently amended its filings to indicate that it had incorrectly categorized $4.9 billion of premiums; the revised figures changed its MLR average in the small group market from 82% to 79%, a significant change...
...achieve more income equality in a market economy? RW: Some relatively equal societies, such as Japan, and some states such as New Hampshire have smaller differences between earnings before taxes and benefits. The other way is to start off like Sweden does - with large inequalities between earnings - and then redistribute wealth with high taxes and benefits. I think we need to do both. To reduce earning differences you need as many different forms of economic democracy as possible. We need to make it a bit more embarrassing for company directors to give themselves huge pay deals and bonuses while holding...
India, home of the $2,500 Tata Motors Nano, is quickly becoming the capital of a new generation of tiny econo-cars as major auto manufacturers crowd into the fast-growing market. Over the next 18 to 24 months, Honda, Toyota, Ford, General Motors and Nissan-Renault are all launching compact vehicles for India, which is rising as a manufacturing and export hub for cheap, fuel-efficient transportation...
...sales in the West in a deep slump, 2009 saw carmakers increasingly focus on developing countries like China and India, which have largely shrugged off the global recession and where disposable incomes continue to grow rapidly. China this year will surpass the U.S as the world's largest car market, while India has become the largest market for small cars, according to Dilip Chenoy, director general of the Society for Indian Automobile Manufacturers. Four out of every five cars sold in India are small cars, defined as vehicles with engines displacing less than 1.2 liters. (Ten Things You Should Know...
...terms of overall market size, India remains relatively small with about 1.8 million vehicle sales a year compared with China's 6 million. But the economy of the world's second most-populous country is growing by about 7% a year, offering tremendous upside. There are just 11 cars on the road for every 1,000 Indians, according to a Deloitte report, compared with 511 in the U.K. and 22 in China...