Think you know the solution for our country’s serious health care system challenges? If so, you could win $10 million. Indianapolis-based WellPoint, the WellPoint Foundation and the X PRIZE Foundation teamed to develop a $10 million or more competition to generate new ways to address these challenges.
The competition was announced last month, and rules, guidelines and exact prize money will be announced in early 2009. WellPoint has agreed to test the viability of selected solutions in its markets.
WellPoint, Inc. (NYSE: WLP), the nation’s largest health insurance company in terms of medical membership; the WellPoint Foundation, one of the largest corporate foundations in the United States; and the X PRIZE Foundation, the nation’s pre-eminent philanthropic organization focused on innovation through competition, today announced a landmark collaboration to develop a $10 million or more competition designed to generate new ways to address the nation’s serious health care system challenges.
"WellPoint and its Foundation recognize the challenges facing our health care system are substantial, which is why it’s critical for health benefits companies, health care providers, government leaders, and consumers to work together to identify real-world solutions that will create the most benefit for all Americans," said Angela F. Braly, president and CEO of WellPoint and member of the WellPoint Foundation board of directors.
To learn more about the competition, see what key opinion leaders are saying about it, and to participate in the development of the prize, please visit www.xprize.org/wellpoint.