|
|
|
|
|
by ghufran_syed
1309 days ago
|
|
or maybe structure the organization as two parts, an independent trust that acts as a custodian with set aside assets to cover the running costs over the expected lifetime of the covered population , and a technology company that builds markets and operates the service on behalf of the trust (or trusts)? kind of like how a regulated brokerage, pension fund or insurance company operates. The difficult part is credibly ensuring that the companies will follow the rules when there is no legal big stick hanging over them. Maybe you could have the company buy and issue performance bonds to the policy holders , so if the company disappears, the policy holder or their family gets a lump sum? And have the (independent) company issuing the bonds have the contractual right to display the current pricing of the performance bonds, so if the bond company starts to suspects mismanagement, the price goes up, and that has an immediate effect on the company’s standing (and is therefore likely to deter bad behavior) |
|
"At Alcor, patient storage costs are paid from two separate but interrelated Trusts: the Alcor Patient Care Trust, and the Alcor Care Trust Supporting Organization. … This conservative funding arrangement is designed to cover the cost of patient storage solely from the income from the Trusts, thereby assuring that such funding will continue indefinitely into the future."