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Word: mckinseys (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Earlier this year, the British government hired management-consulting firm McKinsey & Co. to suggest ways the country's National Health Service (NHS) might save money in the face of rising health-care costs. But when a portion of McKinsey's confidential work calling for a 10% cut in the NHS workforce was leaked to the British press last week, politicians rushed to the airwaves to reject the report they themselves had commissioned. "That's not what we are about," Minister of Health Mike O'Brien told the BBC. "In core frontline services, we need more staff rather than fewer...

Author: /time Magazine | Title: Can Socialized Medicine Be Cost-Effective? | 9/9/2009 | See Source »

...debate rages in the U.S. over greater federal involvement in health care, Britain's socialized health-care system has come under scrutiny. The McKinsey report, and its fallout, highlights some of the pros and cons of such a system. On the one hand, McKinsey's analysts laid bare the scores of redundancies and inefficiencies within a bloated national health-care structure that employs some 1.5 million people in England. According to the Health Service Journal, which obtained a copy of the confidential report, McKinsey believes the NHS could afford to eliminate 137,000 clinical and administrative posts...

Author: /time Magazine | Title: Can Socialized Medicine Be Cost-Effective? | 9/9/2009 | See Source »

...long. A smart tax would stabilize the price of gas at a high enough level to discourage driving - and it would generate revenue that could be used for a number of green programs, including cash for clunkers. Certainly, efficiency is an important goal - a new report from McKinsey & Co. found that the U.S. economy could save $1.2 trillion through 2020 by investing $520 billion in various efficiency investments - and encouraging the switch to less wasteful cars is smart policy. But unless we end the era of cheap gas too, those savings will go down the drain...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

India needs to find a way to boost its higher-education sector. A 2006 McKinsey study concluded that only 25% of India-trained engineers and 15% of finance and accounting professionals had the skill sets to work for multinational companies. The report highlighted the dismal quality of education in many private colleges, where the curriculum is not in sync with industry needs. And this unemployable workforce is growing: India has the world's largest pool of young people, with nearly 60% of its population under 25, according to the National Knowledge Commission, a government advisory body on higher education...

Author: /time Magazine | Title: India to Foreign Colleges: Set Up Campus Here | 7/31/2009 | See Source »

...public life, trying to describe in clear, simple terms how important it is that we reform this system. The case is so clear to me. And when I sit with our policy advisors - we had somebody here sitting right there this morning who is a medical expert, worked at McKinsey for a while, he's now working on our health care team - and he just ran through: We pay 77 percent more on prescription drugs, we're paying $6,000 more per individual on health care than any other industrialized nation; here's all the failures in the delivery system...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

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