Public-Private Interface News

Former Secretary of the Treasury Larry Summers in conversation with Prof. Janice Eberly

Lawrence Summers

Larry Summers delivers the Susan Bies Lecture on Economics and Public Policy

The former Secretary of the Treasury spoke with Kellogg’s Janice Eberly

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The Overlooked Actor That Could Crash Bitcoin

12/05/17 – Fortune
Article written by Professor Sarit Markovich explains Bitcoin’s recent rise and whether a crash is looming, noting that Bitfinex, a cryptocurrency exchange, is the biggest actor in the possible crash. Also covered in: WTTW, Quartz.

CVS agrees to buy Aetna in $69 billion deal that could shake up healthcare industry

12/03/17 – The Washington Post
Article discusses that CVS Health has agreed to buy Aetna in a $69 billion acquisition, quoting Professor Craig Garthwaite on the implications. “They’re going to be able to offer you a better-functioning insurance package. There’s some sense in which we’re seeing a reshuffling of the organizational structure, such that insurers are owning providers.” Also covered in: Vox, Bloomberg, NPR, Chicago Tribune, New York Times, Bloomberg, CNN, New York Times, Chicago Tribune, New York Times.

U.S. Senate tax bill accomplishes major Obamacare repeal goal

12/02/17 – Reuters
Article explains how the tax overhaul passed by the U.S. Senate repeals the requirement that all Americans obtain health insurance, quoting Professor Craig Garthwaite on the plan’s affect on Obama’s Affordable Care Act. “It’s going to take a bunch of health people out the the insurance market,” says Garthwaite. “[Obamacare] is going to collapse even more now.” Also covered in: U.S. News & World Report, Newsweek, Business Insider, Yahoo! Finance.

The GOP plan to kill Obamacare’s least popular provision could backfire on some in the middle class

11/15/17 – The Washington Post
Article takes a look at how the Republican proposal to strike down the Affordable Care Act’s least popular provision which requires people to maintain health coverage or pay a fine, “could bring an immediate political victory, but it may backfire on upper-middle-class people who buy individual insurance and pay full price for their plans.” Professor Craig Garthwaite says, “It you look at polling data, this is the least popular part of the ACA. Hospitals will be mad at you, but individual people will not be.”

There’s a $10 billion provision in the tax plan that just passed the House—and it’s really bugging the AARP

11/15/17 – Business Insider
Article discusses that the Republican tax reform bill that passed the House includes the repeal of an “itemized deduction related to medical expenses, a measure that costs the federal government $10 billion.” Professor Craig Garthwaite says he does not expect the provision to survive, “Never bet against the AARP.”

Why repealing Obamacare’s individual mandate is so crucial for tax reform

11/14/17 – The Washington Post
Article discusses how Senate Republicans added the repeal of a key Affordable Care Act provision into the tax bill. This would allow them to declare victory on health care while gaining more that $300 billion to offset the cost of the tax reform. Professor Craig Garthwaite is quoted.” Also covered in Chicago Tribune.

Imagining Obamacare in 2020

10/30/17 – Vox
Article imagines the Affordable Care Act in 2020, making projections from what the Trump administration is doing and says it will do to change healthcare laws, quoting Professor Craig Garthwaite on the expectations he had for the marketplace under the ACA.

Fridays from the Frontline: When Kellogg Says “Social Impact,” It Means Business

10/27/17 – Clear Admit
Article by Kellogg student Sahar Jamal talks about what social impact means to her—and what it means at Kellogg—and why the common ground between the two made her choice of schools an obvious one.

How Consumers Could Be Affected If CVS And Aetna Merge

10/27/17 – NPR
Radio segment features Professor Amanda Starc as she discusses the implications of a possible merger between CVS and Aetna. Starc says that “consumers will probably not see a reduction in their prescription drug prices, if the deal goes through.”

Unlike the national debt, your 401(k) is safe

10/27/17 – The Hill
Article written by Visiting Professor Ben Harris discusses how Americans’ 401(k) plans are safe even if Congress passes the GOP tax plan. Retirement accounts are safe, and people have no reason to worry.

Chicago-area hospitals have merger fever. Is it good for patients?

10/25/17 – Chicago Tribune
Article explains how Chicago-area health systems are joining forces in an effort to improve patient care and lower industry costs; however, according to research and real-life examples this is not always good for consumers’ care and costs. Research shows that when hospitals merge in areas that already have few competitors, prices can increase by more than 20 percent, and Professor Amanda Starc. Professor Starc is also quoted in Politifact.

#MeToo: Sexual assault inflicts dire economic costs as well

10/25/17 – The Hill
Article by Visiting Professor Ben Harris takes a look at the #MeToo hashtag spurred by shocking allegations of sexual violence committed by Hollywood producer Harvey Weinstein, noting that sexual assault and domestic violence could pose a real threat to the country’s economic state.

Critique Of NAFTA Provision Highlights Team Trump’s Misconceptions On Investment Abroad

10/23/17 – Forbes
Article written by Adjunct Professor Phil Levy takes a look at US Trade Representative Robert Lighthizer’s decision to take aim at the Investor State Dispute Settlement, which is key legislation to protect multinational companies that invest abroad.

Kellogg introduces 10 new courses during the 2017-18 academic year

Kellogg introduces 10 new courses

10/20/17 – New classes developed by Kellogg’s cross-disciplinary strategic initiatives and academic departments debut in 2017-18

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Congress is flying blind on tax reform

10/20/17 – The Hill
Article written by Visiting Professor Ben Harris discusses the Trump administration and GOP leaders’ plan for rewriting the nation’s tax code, noting that it could have implications in household finances, business incentives, and government revenue—likely measuring in the trillions of dollars.

Bipartisan Health Proposal Is Too Late for 2018, but a Salve for 2019

10/19/17 – The New York Times
Article discusses that the new bipartisan health proposal, if passed, would send a message to health insurers that it’s safe to stay in the marketplaces, quoting Professor Craig Garthwaite on the matter. “It’s the first signal we’ve seen in a long time to insurers that the government is not going to actively disrupt the market.”

Obamacare premiums were stabilizing. Then Trump happened.

10/18/17 – Vox
Article takes a look at Trump’s decision to “halt federal payments to health insurers, known as cost-sharing reductions.” This will make health insurance premiums increase by 41 percent on average, according to UPMC Health Plan in Pennsylvania. Professor Craig Garthwaite comments on one issue of Obamacare: “We have just not done a good job of getting healthier higher income people into the ACA.”

NAFTA Isn’t Dead Yet, But Trump’s Vision of One-On-One Trade Deals May Be

10/17/17 – Forbes
Article written by Adjunct Professor Phil Levy discusses the fourth round of trade talks between the US, Canada, and Mexico, noting that timing issues have postponed final decisions, and Trump prefers bilateral trade talks, not multilateral.

Possible Senate Deal Emerges on Obamacare Subsidies

10/17/17 – WTTW
Video segment explains the U.S Senate health committee’s agreement on a measure to strengthen insurance company subsidies. This seems to contradict President Trump’s comments that Obamacare is “dead.” Professor Amanda Starc comments on the matter: “You can make a policy argument that some consumers are better off if they can purchase low-cost” insurance plans.

Illinois joins lawsuit as insurers brace for end of Obamacare subsidies

10/14/17 – Chicago Tribune
Article discusses the numerous threats made by the Trump administration to undermine Obamacare, raising many questions for consumers. According to Professor Craig Garthwaite, “In some states, it’s possible some gold-level exchange plans might actually be better deals than some silver-level plans because of how states asked insurers to handle price increases due to uncertainty over the cost sharing-reductions.”