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
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • 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

medical copywriting
Why Write Boring Health Care Copy?
What You Need to Know About This Year’s AdvaMed Conference
The High Healthcare Costs of Emergency Department Visits: Stop Pointing Fingers and Begin Offering Solutions
Teribone Treats Osteoporosis With Noninvasive Systematic Approach
Time: The Impediment to Being a Good Primary Care Doctor

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

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
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

You Might also Like

debunking-myths-myth3.png
BusinesseHealthPublic Health

Debunking Digital Patient Recruitment Myths for Clinical Trials: Myth 3

April 19, 2016
BusinessHealth care

What Every Healthcare Marketing Plan Needs

November 17, 2017
benefits outsourcing medical billing
FinanceGlobal HealthcareHospital AdministrationMedical Records

Benefits of Outsourcing Your Medical Claims Processing

October 6, 2014

Report: Branded Drug Use Sharply Down, Generics Way Up

April 21, 2011
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?