Boeing

China-born Wong Tsu, pictured in the foreground, was the first aeronautical engineer Bill Boeing hired at his fledgling airplane company.

The federal Centers for Medicare and Medicaid Services (CMS) estimate that about $870 billion of the $2.9 trillion spent on health care nationwide in 2014 was waste resulting from overuse, fraud and abuse. It drives up costs, putting a heavy burden on consumers and employers alike. Major companies, public employers, insurers and medical providers in Washington state are leading an effort to break that logjam, using something called value-based purchasing, in which health care is paid for not by volume but by quality and outcome.

Round-number-anniversary stories are an overused tool in the journalism workshop, maybe because they’re still helpful in pausing to assess where we are, how we got here and where we’re going.

BECU, formerly the Boeing Employees Credit Union, was founded in 1935 at the height of the Great Depression.