There, they see the program as a simple outcomes-based work system, somewhat like crowdsourcing.
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From the perspective of someone who recognizes the very high payoff to innovation in the social sector, I can only be delighted with the outcomes of the program regardless of how we label it.
Rick cites the example of Grand Junction, Colorado, a community that has achieved low health care costs (Medicare spend about 30% below average) and good outcomes through a regional program led by a physicians organization working together with a non-profit insurance company.
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And like ARPA-E, to ensure that its research investments are actively working towards successful outcomes, EERE is empowering program management to terminate projects that are not successfully meeting its goals.
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Ressi counters that such results show the program is effective in pushing students beyond their expected outcomes.
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You also have to have created a fabulous program that is worth that price tag (in its outcomes and value the customer receives).
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The President could get even more aggressive by proposing new clean energy deployment policies that explicitly tie research to market outcomes, such as through a Race to the Top energy program, or the creation of regional energy innovation consortia.
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He also previously ran the Medicaid program in Virginia, where recent research has shown significant deficiencies in the health outcomes of Medicaid recipients, even when compared to those with no insurance at all.
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When positions and exposures cannot be determined rapidly--as was the case, for example, when program trades overwhelmed the system during the 1987 stock market crash--potential outcomes include highly risk-averse behavior by market participants, sharp declines in market liquidity, and high volatility in asset prices.
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