Prepare for a massive decline in employee productivity.
It is time for everyone in the office to throw $10 in the office pool and complete their bracket. The NCAA basketball tournament is right around the corner. The madness is here, though much of it actually happens in April these days, but adding that detail to the tagline sort of ruins the poetry.
Welcome to ‘Late March and the First Half of April Madness.’
For those of you who don’t follow college basketball, but want to join the festivities, if for no other reason than the prospect of your bracket somehow beating the sports-obsessed guy in your office who wasted two days researching how well Yale can handle a full court press is worth ten bucks, here is a piece of advice:
Everyone loves the Cinderella upsets. That is what this whole narrative is about. But in the end, it is almost always the big boys with the big talent and big budgets who win. Pick not based on the mascots or school colors, but accordingly to the price of the coach’s suit.
Speaking of the big boys winning…
The Administration had floated the notion that in 2017 they were going to require some pretty stringent network adequacy measures for insurance plans sold on the government market places. Narrow networks that left patients unable to see their doctor or with only one hospital system in their plan were going to be limited. Consumer groups had demanded stringent quantitative measures of the provider network to make sure people were protected. The Administration promised to advance the cause.
The plans were in the works. Little Valparaiso University won a first round upset! The crowd went wild.
In the second round, the insurance industry pushed back hard against this idea. ‘No way,’ they said.
The Administration just released its final rules for 2017. There was a lot of stuff in there, but where did they come down on ‘network adequacy’ requirements? Dumped it, saying the states needed more time to explore the issue and that it could be revisited in the future.
Cinderella ran into [North Carolina/Michigan State/Kansas…pick one] and got annihilated.
So sports fans, the data say you should bet on the big guys. They win most of the time. And not just in college basketball.