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Doubling the lily pads: Controlling the explosion in health care costs

MADISON Back in his math teacher days, Al Jacobs taught students about the power of doubling by talking about lily pads. Imagine a colony of lily pads on a pond and the pads doubled in area every day: How long would it take for an area of two square feet of lily pads to cover a pond of 250,000 square feet?

Only 17 days, thanks to the power of doubling. Two square feet becomes four, eight......

Full article >>> f 2003 was promoted by WEA Trust as a way to reduce drug costs. It is a statewide, non-profit cooperative that can be joined by virtually any Wisconsin business, so long as their current health coverage plan does not include drug coverage. So far, participating businesses are seeing reductions in drug costs of 10 percent or more due to volume discounts that are available in equal proportions to sm......

Full article >>> atastrophic claims that raise costs for everyone or force the business to drop coverage. Jacobs believes the solution is state coverage of preventive and catastrophic care, leaving the rest of health care for private coverage.

Jacobs plan is controversial, to be sure. Many state legislators will be tempted to see it as another version of socialized medicine or cost-shifting. And the doub......

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Source:wistechnology.com By Tom Still 07/05/04


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