Scary Technology (#1) – Tech that should irk you
Halloween is just around the corner and there’s some scary technology out there. In this first of three posts, see how insidious some of this activity really is………
New HfS Market Landscape: Is insurance BPO ready to grow up?
The global insurance industry faces a challenging and unprecedented market environment; insurance premiums are falling, and insurance firms’ profitability is nowhere near the pre-recession era. Added to this, insurers in the US and Europe need to battl…
Risk Pools and Healthcare Reform
The fundamental challenge the health insurance, or any insurance business for that matter, faces is how to blend risk pools so that the customers who consume few services pay for those who consume many services.
In other words, my premiums will go down because healthy young people who currently get by without insurance will [...]
Uwe Reinhardt: ‘If Colleges Worked Like Health Care’
Great post by one of my favorite economists, Uwe Reinhardt, in the New York Times’ Economix blog: They would be stunned not only by the sheer length of the invoice and the total amount billed, but also because so many line items would be expressed in e…
Industry Week: Building Awareness Around Supply Risk
I know I sometimes sound like a broken RSS record when it
comes to preaching the benefits of supply risk management, but I’d wager
that the vast majority of non-procurement executives and line managers
are still not prepared to tackle the is…
Who’s to blame for the public’s health care ignorance?
In a letter quoted in the New York Times Stanford health economist Victor Fuchs concludes that the public is ignorant not only about health care reform but the health care system itself:Despite all the media coverage (or maybe because of it), most of t…
Moral hazard and war – Uwe Reinhardt
From Paying for Health Care (and War, by the Way) by Uwe Reinhardt: “Moral hazard” is a term commonly applied to certain financial contracts, under which one party is obliged to pay another money if a specified event (e.g., illness or a fire or an acci…
