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Foundations Offer Prize for Health-Care Solution

October 16, 2008, 1:00 pm

Insurance giant WellPoint and its corporate foundation will give a $10-million prize to the winner of a contest sponsored by that company and the X Prize Foundation to improve the country’s health-care system, reports the Associated Press.

The X Prize Foundation previously held a competition that resulted in the first private manned space flight and will pay $10-million to a team that can produce a car running at 100 miles per gallon. Its joint venture with WellPoint seeks to tackle health care — the issue the group’s chief executive says is “at the top of the list” of the world’s biggest problems that need a breakthrough, the news agency reports.

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