Economic model for measuring the cost and value of a particular health insurance plan

Software for use by an organization having a number of members of differing ages, said software stored on a computer readable storage device containing instructions for causing a microprocessor to determine the amount of money an organization could expect to pay by selecting a particular health plan from a set of health plans (H0-Hj), and a total annual reduction in sick days and low productivity days for a medical condition, said instructions causing the microprocessor to perform the steps of:

• a providing data relating to the members of the organization, the data including a list of ailments (A0-Ai), that may cause the members of the organization to experience:
• (i) a sick day in which the member is absent or is unable to work on a given day, or
• (ii) a partial impairment day in which the member's productivity on a given day is lowered or partially impaired,
• b for a first health plan (H0) and a first ailment (A0), providing information which includes a list of age ranges (R0-Rk), the number (N) of members within a first age range (R0) that may be expected to be affected by a specific ailment in the list of ailments, the number of sick days (Sc) a member is expected to experience in a set time period when the first ailment (A0) is controlled by a first health plan (H0), the number of sick days (Sn) a member is expected to experience in a specific time period when the first ailment (A0) is not controlled by the health plan (H0), the number of partial impairment days (Pc) a member is expected to experience in a set time period when the first ailment (A0) is controlled by the health plan (H0), the number of partial impairment days (Pn) a member is expected to experience in a set time period when the first ailment (A0) is not controlled by the health plan (H0), a control percentage (C0), for the first health plan (H0), age range (R0), and first ailment (A0), and a control percentage (C0) for a second health plan (H1) for the first age range (R0) and the first ailment (A0),
• c for the first health plan (H0) and the first ailment (A0), calculating the total number of sick and partial impairment days by:
• (i) determining the number of sick days a member in the first age range (R0) is expected to experience if the organization selects the particular health plan (H0),
• (ii) determining the number of partial impairment days in the first age range (R0) a member is expected to experience if the organization selects the particular health plan (H0),
• (iii) determining the total number of sick and partial impairment days (d0) in the age range (R0) for ailment (A0) that all members in the age range (R0) are expected to experience,
• (iv) saving the total number of sick and partial impairment days (d0),
• d calculating the value (V) of a member to the organization per day,
• e determining how severe the partial impairment of the member's ability to work is, and expressing this severity as a percentage (I), wherein a higher percentage indicates a greater impairment of the member's ability to work,
• f determining the difference (f0) in the number of sick days and partial impairment days (d0) a member in the first age range (R0) is expected to experience while using the first health plan (H0) as opposed to the second health plan H1 by subtracting (Sn+I×Pn) from (Sx+I×Pc) and saving the difference (f0),
• g determining a multiplier (m0) by subtracting C0 of H1 from C0 of H0 and saving the result as multiplier (m0),
• h determining a total annual reduction in sick days and low productivity days for a medical condition by multiplying N×f0×m0, and
• i determining the expected amount of money (E0) the organization could expect to pay by selecting health plan (H0), for age range (R0) and ailment (A0), by calculating the value of N×V×(d0) to determine the amount of money (E0) the organization could expect to pay by selecting health plan (H0.