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The NCAA has agreed to settle a class action antitrust case filed by former student athletes in California alleging that the failure of the NCAA to approve scholarships that fully fund student athletes expenses constituted antitrust violations. In agreeing to settle the case, the NCAA has agreed to create a $218 million fund to cover insurance and to which student athletes could apply to receive help to cover additional expenses. The settlement also creates a $10 million fund to assist former .. full article.

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To respond to banderson -- if you have a government-run bureaucracy -- you are not likely to have any competition in the field, any real transparency or efficiency. Instead, by having private contractors -- government regulated for sure, having those not-for-profit efficiently AND TRANSPARENTLY run insurance companieS -- you will be able to maintain a competition in the field -- while also able to achieve the necessary pooling of large funds necessary for any insurance program to operate... .. read the rest.

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According to a report just released by the National Academy of Social Insurance, the average monthly benefit for retirees is $1,045 in 2007. A 65-year old who wanted to buy a guaranteed income of that size – with payments that go up with the cost of living and continue for a widowed spouse — would need to pay an insurance company about $225,000. The report also found that with social security, 10 out of every 100 retirees are living in poverty. Take social security away, and the number would ..[more].

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