Last year, Lafarge North America, a construction materialscompany with 15,500 employees, launched a major restructuring. The company hadto face up to an inevitable increase in the number of relocations. âWe began athree-month crash course to centralize our relocation policy,â says BobShepard, director of compensation.
Medical Cost Containment: A Microeconomic Approach. Anywhere from 900,000 to 1.6 million Americans travel to other countries annually for cosmetic procedures, dental surgery, and infertility treatments excluded from their insurance policies or subject to high copayments.
The solution to the problem is to fund those treatments with the best cost-effectiveness ratios. The cost-effectiveness (CE) ratio is the ratio of cost (C) to health effect (E). For example, $100,000 per life saved, $75,000 per life year, or $45,000 per quality-adjusted life year (QALY).