By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    4 Reasons Chris Cornell’s Death Raises Medical Ethics Questions
    December 19, 2018
    What If You Could Sell Your Vote?
    August 24, 2017
    The Sleepy American
    September 12, 2017
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: How You’re Going to Pay for Hurricane Irene
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > How You’re Going to Pay for Hurricane Irene
Business

How You’re Going to Pay for Hurricane Irene

JohnCGoodman
JohnCGoodman
Share
2 Min Read
SHARE

Don Taylor (The Incidental Economist) on the origins of the subsidy:

Don Taylor (The Incidental Economist) on the origins of the subsidy:

Flood insurance is provided in the United States by the federal government via the National Flood Insurance Program (NFIP), in two ways. First, the government directly provides coverage for some properties. Second, the government works in concert with around 90 private insurers who function as servicing contractors. In the second case, the profits from such flood insurance are private, but the losses are socialized as private insurance companies bear none of the underwriting risk associated with this insurance. How did this come to be the case?

Suzy Khimm (at Ezra Klein’s blog) on perverse incentives:

More Read

iPad EHR Drchrono Gears Up for HealthKit
Tips to Create Unique Social Media Content for Your Hospital
Has The Bubble Already Burst On Healthcare Reform?
How Health Insurance Navigators Are Handling Obamacare Website Glitches
No More Monkeys Jumping On This Bed: Few Psych Meds Coming Our Way

A significant chunk of flood insurance is offered at federally subsidized rates in areas vulnerable to natural catastrophes. A quarter of participants pay below “full-risk” rates, many of whom receive a subsidized or “grandfathered” premium, according to the GAO. As a result, more Americans have moved into low-lying, flood-prone areas since the creation of the NFIP. And the taxpayers have had to cover the risks, which often means additional aid to disaster-struck areas.

Yglesias: America’s worst federal spending is generally its least controversial.

Don Taylor: compares flood insurance to Medicare.

 

   

TAGGED:disaster relieffederal spendinghurricane Irene
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025
engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025

You Might also Like

onlinebrand-1.jpg
BusinesseHealthSocial Media

7 Simple Ways to Strengthen Your Hospital’s Online Brand

April 27, 2016
Norwegian Health System
BusinessTechnology

Support for Telemedicine in Rehabilitation

November 1, 2014

The Affordable Care Act: Healthcare Marketing Friend or Foe?

February 23, 2015

The Specialty Drug Pricing Conundrum: Caps May Raise Costs, Not Lower Them

July 15, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?