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Otto von Bismarck. The Bismarck model (also referred as "Social Health Insurance Model") is a health care system in which people pay a fee to a fund that in turn pays health care activities, that can be provided by State-owned institutions, other Government body-owned institutions, or a private institution. [1]
Mike Schmitz (born 1961/1962) [1] is a business leader and certified public accountant who has served as mayor of Bismarck, North Dakota since 2022. Early life and education [ edit ]
Social expenditure as % of GDP (). A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions ...
The Bank of North Dakota (BND) is a state-owned, state-run financial institution based in Bismarck, North Dakota. It is the only government-owned general-service bank in the United States. [2] [a] It is the legal depository for all state funds in North Dakota, and uses these deposits to fund development, agriculture, and small businesses.
Bismarck had originally proposed that the federal government should pay a portion of the accident insurance contribution to show the willingness of the German government to lessen the hardship experienced by the German workers as a means of weaning them away from the various left-wing parties, most importantly the Social Democrats.
The German pension system, known as the "public retirement insurance," was established over 100 years ago by Chancellor Bismarck, making it the world's first formal pension system. It has been successful in providing a high and reliable level of retirement income and has served as a model for numerous social security systems globally. [ 1 ]
Government pension payments are financed through an 18.5% pension tax on all taxed incomes in the country, which comes partly from a tax category called a public pension fee (7% on gross income), and 30% of a tax category called employer fees on salaries (which is 33% on a netted income).
Bismarck was only able to fulfil his guaranteed money payments on the basis of the fact that larger withdrawals from the Welfs' fund would not have been noticeable, but would also have attacked his stock, which would have contradicted the conditions of seizure. At any rate, Bismarck had also been concerned about the embarrassing secrecy.
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