Share on Facebook Tweet on Twitter The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here It’s prediction season… but we’re not making any today.Below are some business predictions that really went awry.We’re not trying to dunk on the predictors. Rather, we want to show that experts don’t have a monopoly on seeing the future and that there can never be enough new ideas and fresh thinking.Microsoft’s former CEO Steve Ballmer on the iPhone in 2007“[Apple’s iPhone] is the most expensive phone in the world, and it doesn’t appeal to business customers because it doesn’t have a keyboard, which makes it not a very good email machine…”What one anonymous publisher thought about Harry Potter in 1996“Children just aren’t interested in witches and wizards anymore.”A Yale professor on Fred Smith’s term paper that became FedEx“The concept is interesting and well-formed, but in order to earn better than a ‘C,’ the idea must be feasible.”IBM tells Xerox its prediction for photocopiers in 1959“The world potential market for copying machines is 5,000, at most.”Business Week on the prospect of Japanese cars in the US in 1968“With over 50 foreign cars already on sale here, the Japanese auto industry isn’t likely to carve out a big slice of the U.S. market.” Save my name, email, and website in this browser for the next time I comment. LEAVE A REPLY Cancel reply Photo courtesy of The Hustle Please enter your name here Please enter your comment! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 From The Hustle TAGSBusinessCarsFailed PredictionsFedExHarry PotteriPhoneNew IdeasThe HustleXerox Previous article6 Ways to Safeguard Your Home Against IntrudersNext articleComing to Amazon Prime Video in January Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate
× JERSEY CITY – The contract between RWJBarnabas Health, which includes Jersey City Medical Center, and insurance carrier Aetna will expire April 22, according to the March 17 letter the company sent to its subscribers who had been treated at a Barnabas hospital in the past year.The disagreement is over reimbursement rates, Aetna spokesman Walter Cherniak Jr. said Monday, as reported in NJ Advance Media.Aetna is the second-largest health insurance company in New Jersey. The carrier notified 45,000 policy holders that contract negotiations will have to improve soon with Barnabas, the state’s largest hospital network, or else patients will have to pay more expensive out-of-network rates or select another hospital.Cherniak claimed that RWJBarnabas, which is affiliated with 11 acute care hospitals, wants “a significant rate increase we do not believe can be supported in the market.”Cherniak said the 1,267 doctors who hold admitting privileges exclusively at RWJBarnabas hospitals are also affected. Patients requiring hospital care would have to find another doctor if their physicians could not quickly obtain admitting privileges at other hospitals.RWJ Barnabas Health’s spokeswoman Ellen Greene, called Cherniak’s letter a “routine communication that HMOs and insurers must send to participants 30 days before the contract expires.”“RWJBarnabas Health and Aetna continue to negotiate with the desire to create a new contractual agreement,” Greene’s statement said. “It is our goal and expectation that a new agreement will be reached with Aetna before our current contract expires on April 22. Aetna patients can still receive services at all RWJBarnabas Health facilities as contract negotiations continue.”Aetna and Barnabas Health reached an impasse over contract negotiations two years ago, but the two sides reached a deal three days before the contract expired.