Word: revolutionizing
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Dates: during 1990-1999
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Without exception, a corporate cultural revolution of this scale is not won without a vicious fight, and GM is still chock full of gearheads who are torqued off at Smith for abandoning them to folks who wouldn't know which end of a wrench to hold. And GM's bureaucracy...
America's health-insurance revolution has reached adolescence. After more than a decade, managed-care plans--with their incentives for doctors to hold down treatment costs--cover about half the population. Fee-for-service plans--with their equally problematic incentives for doctors to provide too much costly treatment--continue to...
The backlash is cutting across all segments. Doctors are banding together to bargain with HMOs or even offer their own health plans, and so are some unions. Employers started the managed-care revolution by herding their workers into HMOs, but now a third of companies polled by the Washington Business...
I was struck by the extraordinary parallels between private higher education today and the health-care sector of the '70s and early '80s. In both, costs rose much faster than inflation. There was price-based costing rather than cost-based pricing. In health care, the result was a market-driven...
LONDON: Now the Thatcher revolution is complete. In a major policy reversal, Labour leader Tony Blair announced Monday that his party, long the champion of nationalization, is ditching its official opposition to privatization. "Gone are the days when Labour represented one side of industry and business found itself automatically on...