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Events that contain speculative elements, such as ordinary business risks, are generally not considered insurable.
Large Loss. It was enacted as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) and went into effect on January 1, 2006.[20]
Public: Medicaid
Main article: Medicaid
Medicaid was instituted for the very poor in 1965. At a higher level of generality, Paul Samuelson's treatise Foundations of Economic Analysis (1947) showed how to apply mathematical methods to examine the class of assertions called operationally meaningful theorems in economics, which are theorems that can conceivably be refuted by empirical data.[51] Such assertions permit testing of a theory.
Some reject mathematical economics
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