It doesn't completely replace workers compensation but it does provide a
limited safety net that provides 85 per cent of lost weekly wages, death and disability insurance of up to $100,000 and rehabilitation expenses up to $300,000.
This is a very serious issue for people who have a secure, Federally insured pension one day and wake up the next with an annuity from a company they did not choose, without having been asked or given any option to accept or reject, and protected by a flawed, inconsistent and
limited safety net.
The income provided by welfare benefits is a
limited safety net for those who have little choice about the situation they find themselves in, it is not a feather bed being 'chosen' by people who have simply decided to opt-out of work.
It was designed to provide a
limited safety net for personal insurance consumers who could suffer Financial ruin if their auto or homeowner claims were not paid.
The measure of distance to safety net providers is limited in that it is not a measure of overall safety net capacity and does not directly distinguish between uninsured people living close to a relatively
limited safety net versus those living close to an extensive safety net with multiple providers, nor does it directly measure differences in travel times.
On the editorial page of The Wall Street Journal, Irving Kristol recently posited a dichotomy between the good "masculine" welfare state (a
limited safety net for the needy and the down-on-their-luck) and the bad "feminine-maternalistic" kind (an ever-expanding blob of indiscriminate "compassion" toward anyone who claims to be suffering).
Bank regulatory policy promoted privatization, financial liberalization, free entry, and
limited safety net support, and it established a novel mix of regulatory and market discipline to ensure stable growth of the banking system during the liberalization process.
So long as we have a
limited safety net for banking institutions, there will inevitably be some disparities in the competitive environment for financial institutions.
It can't completely replace workers compensation but it does provide members with a
limited safety net that provides 85% of lost weekly wages, death and disability insurance up to $100,000 and rehabilitation expenses.
An early CTS report of a weak and
limited safety net prompted an assessment of community needs and motivated foundations and hospitals to increase their contributions to the safety net, leading to CHC expansions in that community.
