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Rockefeller had been pushing for a 90% threshold, but the Congressional Budget Office said such a requirement would severely limit companies' flexibility and "make such insurance an essentially governmental program." Many states currently have MLR requirements, but most are below the federal level that would be established under Democratic health reform. The existing minimum baseline, established in non-binding guidelines from the National Association of Insurance Commissioners, says that MLRs must be at least in the 50-60% range, depending on what other regulations are in place...

Author: /time Magazine | Title: Forcing Insurers to Spend Enough on Health Care | 12/22/2009 | See Source »

...succeeded: it was submitted by a partnership between Britain's BP and China National Petroleum Corp. (CNPC) for production rights to southern Iraq's giant Rumaila field. Other companies abandoned the process after Iraqi officials refused to pay more than $2 for each barrel produced above a certain threshold. (Instead of leasing the fields to operators and receiving royalties for every barrel of oil sold, Iraq is retaining ownership of production. In essence, the government is employing oil companies to develop the fields, paying them by the barrel...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...Korea, one of the most repressive and impoverished nations in the world, that's not the case. The government announced that it would limit the amount an individual can exchange to just 100,000 won - or less than $40 at black-market exchange rates - and any amount above that threshold would be, in effect, worthless. NGOs in Seoul reported that in response to citizens' immediate and widespread anger, those limits were raised to 150,000 won in cash and 500,000 won in bank notes. (See pictures of the rise of Kim Jong...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...important thing in this paper is the verification of the threshold effect, not the estimated numbers,” said Dr. Naoki Kondo, another author of the study...

Author: By Julie R. Barzilay, CONTRIBUTING WRITER | Title: Income Gap Linked to Public Health Linked to Health | 11/20/2009 | See Source »

This peculiar turn of events has left Afghanistan with a leader who, after discounting illegitimate ballots, did not meet the 50 percent vote threshold required to be declared president of Afghanistan after the first round of voting. While there was no guarantee that fraud would not plague the runoff as well, Abdullah’s participation in a second round of voting would have enhanced the legitimacy of the election. A runoff, which would have been subject to intense public scrutiny, would have at least represented a new opportunity for a more open election and given the victor some level...

Author: By The Crimson Staff | Title: Democratic Failure | 11/4/2009 | See Source »

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