was intrigued to read the report from the Division
of Human Resources on the study carried out by Hewitt
Associates, concerning the wonderful deal we have
at Penn in terms of our health care plan. I was
particularly impressed by the final figure demonstrating
a modest difference on total employee costs for
HMO plans between what we pay at Penn (17%) and
what others pay (24%), compared to the enormous
difference in what our employer pays (83%) vs. what
other employers pay (76%). Hewitt Associates' clever
Y-axis shift (see page 4 Almanac,
March 25, 2003) is exactly the method that I
have been looking for to maximize the profits in
my TIAA vs. CREF accounts. In addition, perhaps
this is a skill that we should teach to our students.
Ed Note: Human
Resources was offered an opportunity to respond and declined.
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