We design, speak, and consult to inspire health. Let's work together.

Grant
Grant Harrison

What Do We Do?

We identify business opportunities and design practical and elegant solutions that positively impact health and happiness. Sometimes we identify the opportunity and find the right partners to execute it and sometimes we build it ourselves. Other times, we help guide clients so their product or service is simple, elegant, and wrapped up with a business strategy that leverages their core competencies.

What Have We Done?

Jay
Jay Parkinson, MD, MPH

The cost of sickness.

GE created a beautiful interactive infographic for people to understand the cost of sickness. Health insurance premiums double every eight years and the cost of managing chronic illness is becoming increasingly out of financial reach for the majority of Americans. People are starting to realize that affordable products and services that empower us to manage our chronic disease will, by far, be the most affordable way to keep our bank accounts and bodies healthy. Especially when considering:
Let’s say you’re a 22-year-old single employee at my company today, starting out at a $30,000 annual salary. Let’s assume you’ll get married in six years, support two children for 20 years, retire at 65, and die at 80. Now let’s make a crazy assumption: insurance premiums, Medicare taxes and premiums, and out-of-pocket costs will grow no faster than your earnings—say, 3 percent a year. By the end of your working days, your annual salary will be up to $107,000. And over your lifetime, you and your employer together will have paid $1.77 million for your family’s health care. $1.77 million! And that’s only after assuming the taming of costs! In recent years, health-care costs have actually grown 2 to 3 percent faster than the economy. If that continues, your 22-year-old self is looking at an additional $2 million or so in expenses over your lifetime—roughly $4 million in total.
Those companies that help people manage their financial health will be the big winners in the future.
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  • rodrigomr

    Great graph! You can actually see the associated cost of 14 other conditions in the Wellness App we just released, see wellness.weforum.org Increasingly, dealing with wellness and being able to modify people's behavior will require solid but simple communication formats, such as this graph.

  • http://blog.jayparkinsonmd.com/ Jay Parkinson, MD

    That's an amazing tool. Very nice work. Thank you for letting us know!