Director of the Center for Industrial Competitiveness at the University of Massachusetts at Lowell
Pro to the question "Is the Patient Protection and Affordable Care Act (Obamacare) Good for America?"
"The United States clearly has a problem of out-of-control health care costs... The ACA takes steps to limit the boundless profiteering that has become customary in the U.S. health care system...
States have two new tools to prevent health plans from gouging consumers. First, 46 states have received grants from the US Department of Health and Human Services to investigate premium rate increases. This funding will give states the resources to review the complicated actuarial explanations filed by insurance companies and to judge whether premium increases are justified. In addition, plans will now be required to devote a minimum percentage of their premium revenue to medical care instead of administration, executive salaries, profits, lobbying and administrative waste. Plans will owe their customers rebates if they fail to spend at least 80 percent (individual and small group) or 85 percent (large group) of premium dollars on medical expenses...
The ACA is an important step toward significant health reform. Until we control the behavior of business corporations in the health care sector, as parts of the law begin to do, Americans will continue to grapple with extraordinarily high health care costs."
"High Health Care Costs Eminate from Business, Not Government," www.huffingtonpost.com, Sep. 23, 2010
Experts Individuals with MDs, DOs, PhDs, JDs or equivalent advanced degrees in fields relevant to health care; top-level federal government officials significantly involved in health care and related issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Director, Center for Industrial Competitiveness, University of Massachusetts at Lowell
Professor, Department of Regional Economic and Social Development, University of Massachusetts at Lowell
Affiliate Researcher, CNRS Groupe de Recherche en Économie Théorique et Appliquée, Université Montesquieu Bordeaux IV
Distinguished Research Professor, INSEAD, 1996-2007
Professor of Economics, University of Tokyo, 1996-1997
President, Business History Conference, 1991
Visiting member, Institute for Advanced Study, Princeton University, 1989-1990
Professor of Economics, Barnard College, Columbia University, 1985-1993
Research Fellow, German Marshall Fund of the United States, 1985-1986
Research Fellow, Harvard Graduate School of Business Administration, 1984-1986
Research Fellow, Business History, Harvard-Newcomen, 1984-1985
Faculty member, University of Toronto, 1982-1983
Assistant and Associate Professor of Economics, Harvard University, 1975-1984