Essays on Actuary

Health care spending in USA has been reported to be high than most nations in the world. A greater percentage of the nation’s total income is spent on health care even though some people are not insured. It is the third largest public health care expenditure per capita due to the current high cost of medical care and utilization

The level of current health care expenditures

Health care costs have been increasing for many years. In 2008, health care expenditures surpassed $ 2.3 trillion which was more than the expenditure in 1990 that stood at $714 billion. In 1980 the nation spent $253 billion. The increase ...

In a fast developing world of job opportunities, there are only few careers that remain as extremely important as they were even few centuries ago. I am strongly convinced that Finance can be considered one of those areas of study that will always be a clear direction to take when choosing a career path – in fact, money makes the world go round, and unless you know how it works, you are not able to be a part of the world’s driving force. I am inclined to believe that my interest in Finance was sparked by my mother. Since she was interested ...

Introduction

Generally, every organization has the obligation of ensuring that its employees are provided with a source of income when they are retired or when they are no longer in a stable condition to continue working. This benefit has been ensured through implementation of the pension plan. However in this article, the pension plan understanding is developed and brought out in such a way that it is not befuddled with the severance pay. This article develops the understanding of the retirement plan as the pension issued once an individual has retired. Tracing the retirement plans to the origin, these arrangements have mainly been ...