Essays on Actuarial

Current Health Policy Debate regarding the Affordable Care Act

Introduction The health policy debate regarding ObamaCare focuses on the interest of average U.S citizens. The Affordable Care Act offers protection and benefits to all United States’ citizens regardless of their economic status and social lifestyle. The ACA seeks to reduce the insurance premiums to ensure the majority of average American families are covered. The law seeks to ensure 30 million of 44 million Americans without insurance get access to health coverage (ObamaCare, 2015). The government through the health insurance marketplaces, employers and Medicaid would ensure more Americans obtains health insurance coverage. The health law focuses on low-income Americans ...

Introduction

The child welfare organizations are objectified on assessing the prevalence of child abuse among the referred cases in order to prevent the occurrence of future abuse among the children who are identified at a high risk of neglect and abuse. The child welfare authorities are also focused on determining the prevalence of assessing the consequent neglect among the children with the history of being abused (Enosh & Bayer-Topilsky, 2014). The assessment by child welfare organizations are incorporated by the risk assessment tools in which the explicit criteria and undeviating approaches are used to derive the results. These results are derived ...

Community members risk a great risk of getting themselves hurt at the hands of people prone to violence. The relevance of the study is that it highlights what is instrumental in determining the extent to which mentally ill and violent individuals are likely to pose risk to members of communities, be they prison, hospital or standard civilian groups of people. The literature review will include a board concept of community. Samuel (2015) defined the concept of community as applicable to a human group sharing a geographical area. Following this logic, the notion is possible to apply to patients and ...

Mental illnesses are the mental disorders that cause changes in a person’s thinking, emotion, and behaviour. The illnesses are likely to cause problems to a person’s social and work functioning (Parekh, 2015). There is inadequate knowledge and skills on how to deal with people with these disorders. The involvement of mentally ill people in the criminal justice system continues to increase, which raises concern for administrators, policy makers, and treatment providers in the justice system. This is one area that requires change and people to be more educated on the subject. I had a chance to work ...

My infatuation for Mathematics, Physics and Finance began when I was in elementary school. Although this area of studies is quite odd for girls, my attention was instantly hooked, and I found myself interested in different aspects of Mathematics, intrigued by the ways Physics can explain complex phenomena by simple and elegant theories and formulas, and determined to study the mechanism of monetary matters.

I have been following the chosen path ever since I graduated from high school. I showed excellent performance in my school classes, and this tendency was kept throughout my undergraduate studies in the University of ...

Strengths identified in the SWOT outline personal qualities compatible with recommended characteristics associated with successful financial risk analyst consultants:

- Adequate Distance – an expert risk analyst is able to merge disparate information, including factors that may be causing immediate conflict with a client’s strategic goals. As an external party hired to provide services and advisory, a consultant’s representation of an organization on a project can often clear the way for a company seeking investment and other contribution. - Closer – bring the project to completion so that the client may proceed with a strategy according to schedule is fundamental to meeting practice criteria. - Communicator – continuous and precise communications are priority for most organizations working with a financial ...

An organization’s financial structure is the mix of debt and capital employed by the management for purposes of financing its activities. In the healthcare sector, there are three main categories of organizations that provide health services. These categories are for profit, not-for-profit and government organizations. The categorization is based on organizational ownership and motive. Each type of organization has its own unique financial structure which is attributable to the financial environment it operates in. This paper examines three specific organizations, one in each category, and describes the financial structure, practices and policies unique to the category.

For-profit organizations ...

Employers determine value from health plans through the health care reform law. The reform has ways, which ensures that the coverage for the employer health plan has minimal value. In 2014, the PPACA will grant permission to the individuals who have the health insurance so that they can receive the premium tax credit. They can benefit more if they are eligible to have affordable employer coverage that contains a minimal value (Ilyse, Littler 2012) . There are three approaches that determines the minimal value contribution and the first one is an array of design based-safe harbors formed as a checklist that has ...

Introduction

Risk assessment tools are employed for the purposes of identifying and managing the people at risk of certain tendencies that may be harmful to them. Some risk assessment tools have been developed as a consequence of determining the behaviors of individuals and their propensities to cause harm or disrupt the peace in certain jurisdictions. In the recent past, more than a hundred and twenty risks assessment researchers have established tools. Their validity and viability have been proven in dealing with psychiatric cases across various societies. The two articles chosen for this study focus on various dimensions of the assessment, yet all ...

Supply chain management is very vital in the oil and gas industry. The Global Supply Chain Forum outlined that supply chain management would be incorporating major business processes in all the value chains ranging from the original raw material suppliers to the end consumers of the products manufactured. The stakeholders of the supply chain gain value owing to the top notch products, information and services created by the processes (Lambert & Cooper, 2000). The supply chain is ever changing. This modern era brings in some challenges that need to be considered in order to coordinate the system effectively. In this ...

- Insurance premium formula Insurance premium is a sum of all costs of insurance company. One of the essential and the most valuable components is risk cost (money paid when insurance accident occurred). Due to the nature of the risk it is the most stochastic variable. Therefore we can build premium cost model upon risk model because other price components can be easily predicted. - Classic model Starting with initial reserve x > 0, an insurance risk business earns money at constant rate c > 0. Meanwhile, according to a point process with times {TN: n ≥ 1}, 0 ...

The first principle that BUPA must adopt is that it must understand true costs. This company will make this achievement by using the standard cost component. This tool should be applied in budget preparation, pricing reporting and performance based incentive plans (Elliott, 2004). This is based on the increase in utility costs, which has decreased the operating surplus. In 2012, the operating surplus was £ 38,364,000. This was a decline from £ 54,202,000 in the previous year (Bupa Care Homes (CFG) plc, 2012). Understanding true costs will ensure that BUPA improves its costing control system. In this case, ...

HIV/AIDS prevalence in Southern Africa has remained high in the last decade and it is a very important indicator of the state of the epidemic in the region. There are several demographic factors that play a critical role in the sustaining of this condition in Southern Africa and this paper will explore the correlations between these factors and the epidemics, causes and impacts of demographics on the spread and tackling of the most serious epidemic in the world. It is estimated that 24.5 million of the 34.3 million infections around the world are in Africa and in 2000 8.57% of ...

11-20-13

Evidence –based practice (EBP) is a field wherein rehabilitation of convicted offenders in California is brought about by methods that have empirical evidence of their efficacy. (Couzens, 2011) How this practice differs from the typical treatment of probation in California is the basis on empirical evidence, rather than relying on common law or traditional practice. (Couzens, 2011) Typical evidence-based practices include: assessment of risks and needs, enhancement of intrinsic motivation, targeted intervention, skills training with directed practice, increased positive reinforcement, ongoing support in natural communities and measuring and evaluating program feedback. (Couzens, 2011) The overweening goal of evidence-based practices in ...

CE18-2

The installment-sales method of recognizing revenue is not generally acceptable. Revenue should generally be accounted for at the time a transaction is completed because they are not recognized until realized and earned (ASC 605-25-3). The installment sales method accounts for sales that may extend payment periods and involves recording revenues in a specific proportion based on the criteria of cash collections (Carmichael and Graham, 2012). Thus, for these sales in which collectibility uncertainty is present, recognizing the revenue at the point of sale would overstate income and is not generally acceptable. However, ASC 605-25-4 accommodate for unique cases when the seller ...

U.S. GAAP versus IFRS.

ABSTRACT

There are notable differences between the International Accounting Standard Boards and the Financial Accounting Standard Boards models of accounting for income tax. Efforts to harmonize the two standards through the Exposure Draft were dropped in 2009 and have not been reviewed thereafter. In 2012, SEC staff provided a final IFRS framework that outlined its efforts and findings but did not provide any conclusions or recommendations for any actions. The difference between IFRS and US GAAP remain significantly felt in many areas and are of major interests to users of financial statements. The main areas of comparison ...

A brief review

Abstract Recidivism rates are very instrumental in the policy making, offender incarceration and treatment. However when these rates are surrounded by uncertainty and are lacking, these rates do more harm than good. This is truer in sexual crimes, particularly in child molestations. While criminological literature emphasizes low recidivism rates for sexual criminals, the public fueled by media, consider it otherwise. Nonetheless recidivism rates are high for child molesters among the sexually offending group. Even among child molesters, there is much difference between the intra-familial and extra-familial groups too. Framework models and tools help specialists in identifying individuals with ...

Article Summary: Review

Article One Summary- Review: Research Problem: The researchers had based their research on the argument that though the actuarial methods for assessing violence risk (such as VRAG as proposed by Harris et al. and Quinsey et al.) and other non- actuarial methods for assessing violence risk (such as HCR-20), but these methods may not have kept up with empirical or practical development. The emphasis was on the fact that few forensic clinicians were cognizant of the empirical predictors related to later incidents of violence in their patients. The researchers had provided other examples that showed that current ...

NameInstitutional Affiliation

Applications of density in the multivariable setting Density of a substance can be defined as mass of the substance per unit volume. It can be expressed as kg/m3 and g/cm3 among others(Manolis, 2009). Density can be applied in various multivariable setting namely science, statistics and Engineering among many others. Application of Density in Science (Physics and Mathematics) Density shows the relationship existing between the mass and the volume of a given object. According to Physics, the difference in densities of an object allows it to float or sink depending on the level of its density. Various scientific industries namely beverage, ...

Introduction

This case study is devoted to the analysis of the current position of the Capital One Bank. The Bank has recently faced problems connected with mortgage process flow caused by inefficient internal communication. The Bank even stopped taking applications because of negative impact on customers. A detailed implementation plan will be developed to resolve the issues the Bank faced. The improvement of the processes will include several operations management techniques. The resources needed for implementation of the plan will be identified on the basement of analysis of actual data. Short-term and long-term implications of the operations techniques will ...

Operations Management

A. Analysis of the Book Concepts

1. Application of the Theory of Constraints As I had been working for financial institutions for the past 15 years, I am going to discuss the problems that are typical for banking industry. In 2007, the Capital One Bank jettisoned its mortgage platform in respond to the mortgage crisis pressures. However, investors were pressed too proving the main concept of theory of constraints: when one element of the system is improved, the other is in the constraint. The main constraints in this situation are the lack of financial resources required to ...

Introduction

The IFRS are accounting standards, rules and principles that were introduced by an independent organization in the United Kingdom, known as the International Accountants Standards Board. They have been adopted in many countries over the recent years. In every country there is the Generally Accepted Accounting Principles (GAAP) that the company accountants have to adhere to in the preparation of financial statements.

Leases and Pensions

There are certain differences between U.S GAAP and IFRS when it comes to pensions and leases. The guidelines for the IFRS on leases are detailed under IAS 17. When it comes to the minimum lease payments, in ...

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 ...

Introduction

Italy just like any other country in the world has an extensive social security system to secure the future of its vast majority of the population. The system provides benefits to people incase of unemployment, sickness and maternity, work-place accidents which may render one to be disabled, old age retirement benefits and family allowances. It is important to point out that the system excludes National Health Service from Its services provision as this is funded from generation taxation. (ISAT, 12) The government of Italy runs the system through several state agencies which falls under one umbrella of National ...