Pick your plan
May 18, 2023
The US individual health insurance market has increasingly given consumers more options for insurers and products, according to analysis by partner Brandon Flowers and colleagues. By 2023, for example, just 4 % of counties had access to only a single insurer, down from 52 percent five years ago. On average, a consumer can choose among five insurers and 88 plans in 2023, compared with three insurers and 27 plans in 2018. Click through the interactive to see more.
To read the article, see “The individual health insurance market in 2023,” April 11, 2023.
Rapid response
June 16, 2023
Many organisations get bogged down at the beginning of a transformation of their business, wasting valuable time, energy, and momentum. But moving quickly from the very start is essential to building value, find partners Louisa Greco and Zachary Silverman, who estimated that successful corporate transformations typically implemented initiatives that delivered 57 % of value within six months and 74 % by the end of the first year.
One firm, exponential results
June 15, 2023
There’s value in operating as “one firm,” according to senior partner Scott Keller and coauthors. Companies that have adopted a one-firm model—which might include coordination of decision making, cooperative teamwork, or an emphasis on “we, us, our”—are 2.3 times more likely to be in the top quartile of high-performing organisations.
To read the article, see “Capturing the value of ‘one firm’,” May 9, 2023.
When modular construction doesn’t stack up
June 14, 2023
The US housing shortage—particularly of affordable housing—could be eased by modular construction, but the technique hasn’t gained wide acceptance in North America compared with other nations, according to senior partners Jose Luis Blanco and Rob Palter and coauthors. North American modular companies set ambitious plans, but demonstrated only modest growth, at about 4 %, from 2018–22.
To read the article, see “Making modular construction fit,” May 10, 2023.
Enduring the conflict
June 13, 2023
Floods are only the latest challenge to conducting business in Ukraine, as the invasion of the country has inflicted both a human and economic toll. However, Ukrainian businesses have been surprisingly resilient, according to a survey by partner Mihir Mysore and coauthors. While 63 % of businesses have suffered significant negative effects in some form, only 2 % suspended operations completely.
To read the article, see “Survival through purpose: How Ukrainian businesses endured amid extreme uncertainty,” May 10, 2023.
China’s AI talent gap
June 12, 2023
China’s need for workers skilled in AI is expected to grow sixfold by 2030 (from one million to six million). However, local and overseas universities, as well as existing top-tier talent, could provide only one-third of the necessary talent, leaving a shortage of about four million. Senior partner Alex Sawaya and colleague found that Chinese companies could use two key levers to address the shortfall: upskilling existing workers and diversifying talent sources.
To read the article, see “How businesses can close China’s AI talent gap,” May 5, 2023.