Word: taxed
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...event of a catastrophe. This is the principle behind almost every insurance policy: fire insurance, flood insurance, home insurance, and life insurance. The unfortunate exception is health insurance, and this difference has led to an expensive, inefficient, and unsustainable medical system.Health insurance, when purchased through an employer, is currently tax deductible. This health insurance generally has low deductibles and high initial costs, because the government subsidizes (through tax deduction) consumers’ initial costs and almost none of the subsequent costs. Unfortunately, this low marginal cost structure renders the entire system inefficient, because it reduces the cost that people...
...Even more impressive: businesses don't get tax breaks or other subsidies to help foot the bill. All the German government pays for is the two days a week apprentices spend in vocational school. So what's in it for the companies? According to a recent survey, 90% of the firms that offer apprenticeships say they do so because skilled employees simply are not available on the job market...
...only one. The Hamas-run Palestinian government said last week it will be unable to pay the salaries of 140,000 Palestinians this month without an immediate infusion of aid. Olmert has refused to turn over $50 million in tax revenues Israel collects on behalf of the Palestinians and has ruled out negotiations with the government unless Hamas renounces terrorism and recognizes Israel. But the prospect of a humanitarian crisis in the Palestinian territories may force Israel to soften its position on Hamas. Olmert told TIME he is meeting with aides "to see what we can do" to assist...
...TIME: Will you release the $50 million in tax duties that you've withheld from the Palestinians...
...Public Health. The bill aims to cover over 500,000 uninsured individuals in the state within the next three years. It requires about $125 million each year in new state spending. Under the plan, uninsured Massachusetts citizens who can afford health coverage must buy it—or face tax penalties that could amount to $1,000 a year. Businesses with more than 10 workers that do not provide insurance to their workers will be slapped with a $295-per-employee charge. The plan “will not be instantly positive for everyone,” said Professor...