![]() Whereas the word retrospective when used with reference to an enactment may mean:Ģ. The dictionary meaning of the word prospective with reference to statutes shows that it is concerned with or applying the laws in future or atleast from the date of commencement of the statute. It provides that “ no person shall be convicted of any offence except for violation of a law in force at the time of the commission of the act charged as an offence, nor be subjected to a penalty greater than that which might have been inflicted under the law in force at the time of the commission of the offence.” The American Constitution also constitutes a similar provision prohibiting ex-post facto laws both by the Central and State legislatures. Clause (1) of the Article 20 of the Indian Constitution guarantees rights against ex-post facto laws. It prohibits the legislature to make retrospective criminal laws however it does not prohibit a civil liability retrospectively i.e. 20(1) of the Indian constitution imposes a limitation on the law making power of the constitution. Ordinarily, a legislature has power to make prospective laws, but Art.20 of the Indian Constitution, 1950 provides certain safeguards to the persons accused of crime and so Art. This article lays emphasis on retrospective and retroactive laws in India.Ĭoke Maxim: “A new law ought to be prospective, not retrospective in its operation.” In general every statute is prospective unless it is expressed in the statute that it has retrospective operation. Ĭopyright © 1995 - 2016 The Motley Fool, LLC. ![]() We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. Retrospective Payment Plan originally appeared on. Pop on over there to learn more about our Wiki and how you can be involved in helping the world invest, better! If you see any issues with this page, please email us at. This article is part of The Motley Fool's Knowledge Center, which was created based on the collected wisdom of a fantastic community of investors based in the Foolsaurus. Simply click here to discover how you can take advantage of these strategies. each year! Once you learn how to take advantage of all these loopholes, we think you could retire confidently with the peace of mind we're all after. For example: one easy, 17-minute trick could pay you as much as $15,978 more. In fact, one MarketWatch reporter argues that if more Americans knew about this, the government would have to shell out an extra $10 billion annually. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. If you're like most Americans, you're a few years (or more) behind on your retirement savings. The $15,978 Social Security bonus most retirees completely overlook This not only subjects patients to prolonged and potentially unnecessary treatment, but also puts a strain on healthcare system resources, driving up costs for patients and insurance companies. Some fear that providers might try to abuse the carte blanche nature of these plans by recommending treatments or services that are more complicated and costly than necessary in order to maximize profits. On the other hand, retrospective payment plans come with certain drawbacks. Because providers aren't limited to approved treatment plans, they can adjust their services to meet individual patients' needs. The primary benefit of retrospective payment plans is that they may allow patients to receive more attentive. The insurance company, in turn, may approve or deny payment for the treatment or portions thereof, but healthcare providers generally get paid in full for the amounts they bill. ![]() With a retrospective payment plan, a provider will treat a patient and submit an itemized bill to an insurance company detailing the services rendered. Retrospective payment plans pay healthcare providers based on their actual charges. Because providers receive the same payment regardless of quality of care, some might be moved to offer less thorough and less personalized service. Because providers only receive fixed rates, some might seek to employ cost-cutting measures to maximize profits while not necessarily keeping their patients' best interests in mind. Prospective payment plans also come with drawbacks. Additionally, prospective payment plans tend to motivate providers to deliver the most efficient care possible. Prospective payment plans also have the potential to save insurance companies money, and when that happens, some of those savings may be passed on to patients in the form of lower annual premiums and copayments. ![]() Because these plans pay fixed rates, providers and insurers can better manage and estimate costs and payments. Prospective payment plans have a number of benefits.
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