Business

The case for a well being care futures market

The case for a health care futures market


Good morning.

Do we’d like a futures marketplace for well being care? That’s the argument Greg Simon and Jeff Feldman make within the new challenge of Fortune journal. Monetary futures, created within the 1970s, helped carry stability throughout a time of untamed inflation and skyrocketing rates of interest. Oil futures, created within the 1980s, did the identical for an period of hovering power costs. So why not attempt it to assist handle well being care prices?

“To place the issue in perspective,” Simon and Feldman write, “america spends roughly $350 billion a yr on oil. The worth of structured monetary merchandise to hedge or speculate on the value of oil, primarily based on that expenditure, totals tons of of billions of {dollars}. We spend an identical quantity yearly simply on diabetes care, however there are not any monetary merchandise to offer predictable and steady costs for important elements of diabetes therapy, corresponding to insulin.”

It’s a thought-provoking proposal—and the primary of a brand new journal characteristic known as The Huge Thought. February is the 90th anniversary of our journal, and to mark the event, editor-in-chief Clifton Leaf has spearheaded what he calls “essentially the most formidable redesign in our historical past.” It begins with a surprising cowl, illustrated by Craig & Karl, whose work has been exhibited at museums in Athens, New York, Paris and Shanghai. The duvet is, in Leaf’s phrases, “each a glance again to Fortune’s many many years of daring cowl design and a leap ahead.” You possibly can learn The Huge Thought right here, and get an early peak on the cowl under.

And talking of daring design, we’re placing the ultimate touches on our Fortune Brainstorm Design convention, being held in Singapore on March 25 and 26. The occasion is devoted to executives utilizing design principals to rethink their companies and please their clients. Amongst these attending are prime design executives from PepsiCo, Walmart, IBM, Microsoft, Amazon, Aston Martin, Twitter, 3M, Salesforce, IKEA, Royal Phillips, Waymo, Normal Mills, and extra. I’ll be there, too, and in case you are keen on becoming a member of, shoot me a be aware at alan.murray@fortune.com, or go right here.

Extra information under.

Alan Murray
@alansmurray
alan.murray@fortune.com