2. The technical terminology for the proposed
solution:
Employer based inclusive
insurance
as self-funded insurance with
global stop loss policies
+ wellness programs for staff
3. The Problem
Close to 5 billion people lack adequate
health insurance.
-One problem with this issue is that some
people do not trust government or large
corporation insurers.
Along with this, close to 1 billion people do
not have proper identification.
4. The proposed solution for the global
problem:
-A business can have a essentially in-
house
health insurance company (Self-Funded).
This is already being done in the United
States. Those who are distrustful of
government or private health insurance
may have more trust in their local
5. In economically disadvantaged counties,
workers lacking proper identification in the
country where they work may be more
willing to apply
for proper identification because of the
ability
to gain employer based health insurance.
6. Risk:
Although routine medical expenses may
be readily afforded with a proper financial
reserve for claims, extraordinary medical
expenses can deplete the entire reserve
fund.
8. This is managed by means
of
a private health insurance
policy for these types of
claims,
called a stop loss insurance
policy.
9. However; for small companies,
the extraordinary health insurance
claims can still be too much to
manage.
This brings why "global stop
loss"
is in the title of this solution…
10. What is envisioned is a diverse portfolio
of businesses paying for what would be
inclusive, microinsurance stop loss
policies…
essentially pooled risk.
15. Reinsurance is insurance for insurers.
In the event of losses that exceed the
stop loss policy despite the risk
management
being implemented, there is also the
option of reinsurance
