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Word: low-cost (lookup in dictionary) (lookup stats)
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Highlight Reel: 1. The bombs: Amazingly, GAO investigators were able to smuggle in ingredients for low-cost improvised explosive devices and assemble them inside the government buildings with no trouble. Explosives were taken into facilities that included field offices for U.S Congressmen, as well as the Department of Homeland Security, the Department of Justice and other key agencies...

Author: /time Magazine | Title: The Federal Government Cannot Protect Itself | 7/10/2009 | See Source »

...medicine, the idea would be to reward quality rather than quantity, to give providers incentives to keep us healthy and reduce unnecessary treatments, to encourage doctors and hospitals to promote a culture of low-cost, high-quality care. One reason the Mayo Clinic already provides low-cost, high-quality care is that it keeps its doctors on salary, insulating them from fee-for-service inducements to overserve; unfortunately, Mayo is hemorrhaging cash on its Medicare patients, because the current system penalizes responsibly conservative care. Doctors don't get paid for thinking about a case or returning a phone call...

Author: /time Magazine | Title: The Key to Fixing Health Care and Energy: Use Less | 6/29/2009 | See Source »

...Then again, we do know what high-quality, low-cost medicine looks like. It's already available in Rochester, Minn...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

...anything else relevant to quality of life. It sounds squishy, but Mayo patients who request palliative care have 84% lower hospital costs, 53% lower overall costs and higher satisfaction. Mayo has computerized medical records that provide instant access to patient histories, improving information-sharing, reducing pharmacy errors and eliminating the hassle of tracking down charts. The staff cafeteria even gives away fruit, illustrating Mayo's apple-a-day commitment to prevention and wellness. Like other low-cost, high-quality institutions - the Cleveland Clinic, Geisinger in Pennsylvania, Intermountain in Utah - Mayo is dedicated to offering integrated and coordinated care, with...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

...Acer CEO J.T. Wang chalks up the results to his company's willingness to adapt to unpleasant market realities. While competitors are trying to protect their profit margins by keeping prices of PCs stable, Acer, recognizing that consumers have less to spend nowadays, has been pushing low-cost computers including netbooks, shrunken portable PCs costing just a few hundred dollars. Wang says that computers priced under $500 are taking a larger share of overall sales; according to IDC, the average selling price of an Acer machine in the first quarter dropped to $611 from $855 a year earlier. "People...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

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