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Health Insurance and Risk Management

Published on Friday, May 3, 2019

Toronto  -  In her column published by Risk & Insurance, Joanna Makomaski, President of Baldwin Global Risk Solutions Inc., discusses the fundamental risk management principles underpinning health insurance.

She write: "A risk pool is a group of individuals who together allow the higher costs of the less healthy to be offset by the lower costs of the healthy. The young offset the elderly. Able-bodied offset the impaired. The employed offset the unemployed. The broader the risk pool, the more predictable and stable the premiums. This is not a social statement. This is insurance."

When comparing the US system to others, including North of the border, she concludes that Canada must do something right.

To learn more on her views on the subject, read her column by clicking on the following link:

https://riskandinsurance.com/opinion-canadian-health-insurance-is-not-socialism/

Baldwin Global is an exclusive independent consortium of companies specializing in risk governance and enterprise risk management (ERM). We help our clients’ boards of directors and management teams attain their objectives by embedding sound risk oversight and management practices into their decision-making process so as to have a significant positive impact on their business.



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