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And then there is the combined $2.1 trillion net profits of American corporations the year 2015, which benefit immensely from our skilled, educated workforce, high-class infrastructure, and natural resources – your Head Trucker thinks that instead of paying fantastic salaries and bonuses to the execs, the big companies should be doing some substantial good for the general public.
A joint venture between Apollo Hospitals Group, India’s premier private hospitals company and Munich Health, the health insurance arm of Munich Re, the German reinsurance major, Apollo Munich Insurance is a focused insurance services provider in India providing a range of health insurance plans The health insurance company merges the corporate healthcare competencies of Apollo Hospitals Group with the global healthcare insurance and reinsurance expertise of Munich Health.
The rationale is that if the people in this income group are forced to pay more money one way or another, most would choose to purchase hospital insurance with it, with the possibility of a benefit in the event that they need private hospital treatment – rather than pay it in the form of extra tax as well as having to meet their own private hospital costs.
Lifetime Health Cover: If a person has not taken out private hospital cover by 1 July after their 31st birthday, then when (and if) they do so after this time, their premiums must include a loading of 2% per annum for each year they were without hospital cover.