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

Full Story

Why some middle-class families could face a tax increase under the GOP plan

10/06/17 – Washington Post
Article takes a look at the new GOP tax plan and how it is “increasingly clear that it will probably be a tax hike for a sizable portion of the middle class.” Many Republican leaders are trying to fight this notion. However, Visiting Professor Ben Harris is quoted on why GOP leaders are incorrect if you look at the nuts and bolts of the plan: “You’re talking about people whose itemized deductions are worth a lot. They have to be in a higher tax bracket, have high amounts of itemized deductions.”

Trump Pushes NAFTA Talks Onto Treacherous New Timeline

10/01/17 – Forbes
Article by Adjunct Professor Phil Levy discusses how the North American Free Trade Agreement renegotiation talks between the United States, Mexico, and Canada are most likely not on track for the ambitious goal of concluding by the end of the year. It will be untimely for Mexico and the US to extend these talks into campaign season in 2018.

Here's the biggest missing piece in GOP tax plan

09/28/17 – CNBC
Op-ed by Benjamin Harris, a visiting associate professor in the Kellogg Public-Private Interface at Northwestern University and former chief economist to Vice President Biden.

How the London License Ban Could Help Uber’s New CEO

09/25/17 – Fortune
Article by Professor Harry Kraemer explores the Uber license ban in London, noting that this could be an unexpected gift for the new CEO Dara Khosrowshahi. Instead of going to court over the ban, the CEO could accept the ban in return for an opportunity “to prove his seriousness about changing the company’s culture and business practices.”

When a Drug Coupon Helps You but Hurts Fellow Citizens

09/25/17 – New York Times
Article discusses how using coupons that cause consumers to switch away from a generic drug, with an overall lower cost, to a brand-name drug may be playing a role in raising drug spending and premiums for others. According to a study co-written by Research Assistant Professor Christopher Ody, “the coupons for drugs with generic competition are responsible for several billion dollars of additional drug spending per year.”

Which country has the best healthcare?

09/23/17 – CNN
Video clip features Professor Craig Garthwaite following up from an article published last week that asked experts in health care and economics to rate various national health care systems. Garthwaite gives explanations for the choices he and the other panelists made, as they awarded Switzerland with the best system.

Wintrust Business Lunch 9/21/17: A $100M Grant, Teddy Ruxpin Reboot, & Chicago Half Marathon

09/21/17 – WGN Radio
Radio segment features Professor Kara Palamountain discussing being a finalist for the MacArthur Foundation’s 100andChange program that grants $100 million to the winner, which will be announced in December. Palamountain works with N.E.S.T, which is an organization that helps to improve newborn survival in Africa.

GOP health care bill faces opposition from Jimmy Kimmel, Illinois Democrats

09/21/17 – WGN-TV
Article discusses the opposition to the repeal of Obamacare that is set to be vote on next week, highlighting certain aspects of the proposed bill, quoting Professor Amanda Starc on how the bill would redistribute money from some states to other states. “The idea being states can have the flexibility to decide what to do with the money, which will now be distributed in one funding stream.”

While Premiums Soar Under Obamacare, Costs of Employer-Based Plans Are Stable

09/19/17 – The New York Times
Article explains the sharp contrast between the fast rising price of health insurance premiums in many marketplaces and the remarkably stable cost over the past year of coverage for the large number of people who are insured through their jobs. About 151 million people are covered through their employer, quoting Professor Craig Garthwaite on “a remarkable stubborn stability” that characterizes the insurance environment for many companies.

Graham-Cassidy's cuts are confusing. Let’s make them simple.

09/19/17 – Vox
Article discusses why many Senate Republicans still have yet to decide on the Graham-Cassidy healthcare bill, noting that many are still “looking at the numbers” of the funding. Taking a look at DSH funding in particular, Professor Craig Garthwaite notes that the very existence of this provision is “admitting that this is gonna increase the number of people who are uninsured and those people are still gonna go to the hospital.”

The Best Health Care System in the World: Which One Would You Pick?

09/18/17 – The New York Times
Article takes a look at 8 health care systems from countries around the world, noting the varying approaches they have taken, all with the commonality of universal coverage. In order to chose the “best” health care system, the authors staged a small tournament that was judged by a panel made up of experts in the field, including Professor Craig Garthwaite.

Blaming Medicaid for the Opioid Crisis: How the Easy Answer Can Be Wrong

09/12/17 – New York Times
Article discusses the theory that Medicaid expansion is causing the opioid crisis and how this idea is gaining prominence amongst American politicians, quoting Professor Craig Garthwaite on the possibility of this being true.

Why your Economic Argument Against Immigration Is Probably Wrong

09/11/17 – Fortune
Article by Visiting Professor Ben Harris takes a look at the recent announcement of the likely end of the DACA program made by the Trump administration last week, particularly looking at the widespread and positive effect immigration has on the economy.

How Starbucks covers pricey in vitro fertilization for even its part-time employees

09/05/17 – CBS News
Article discusses how Starbucks is helping employees, even part-time baristas, by offering benefits to cover infertility, noting that one in eight couples in the United States has trouble getting pregnant. Professor Craig Garthwaite was quoted on the reasoning behind Starbuck’s decision to include these benefits: “They’re not doing this out of the goodness of their heart, this is part of a cohesive strategy to attract and retain talent.”

Why Obamacare repeal failed

07/31/17 – Vox
Article discusses that Obamacare could not move through the chamber because it faced opposition from Republicans as well. Professor Craig Garthwaite is quoted on a potential reason for why the act did not pass: “Passing an Obamacare replacement is difficult because the existing system is fundamentally a collection of moderately conservative policies.”

GOP Leaders Still Insisting Repeal Won’t Take Health Care Away From Millions

07/23/17 – Huffington Post
Article explains how some government leaders are skeptical of the Republican party repeal of the Affordable Care Act because the Congressional Budget office has projected that the GOP proposal would mean 22 to 32 million people would lose health insurance. Professor Craig Garthwaite was quoted saying, “Saying that all of the insurance losses the CBO attributes to repealing the mandate are the result of individuals not being ‘forced’ to buy insurance is at best incomplete and in reality quite duplicitous.”

Former CBO directors in both parties defend the agency after White House attacks

07/21/17 – The Washington Post
Article discusses how former directors of the bipartisan Congressional Budget Office published a letter defending the agency after weeks of criticism from the Trump administration, quoting Craig Garthwaite about how these criticisms may be legitimate, the White House has gone further, with personal attacks on the agency's motives and credibility. “We should be looking to make good health policy. We shouldn’t be looking to make ideological health policy and then try to dress it up in fancy numbers.”

This Northwestern Alum’s ‘Greenhouse-in-a-Box’ Protects Farmers From Climate Change

07/20/17 – Chicago Inno
Profile of Kellogg startup Kheyti. Started by Zell Fellow and Youn Impact Scholar Saumya ’15, Kheyti is a social enterprise working with small farmers in India.

The Trump administration produced this misleading report to sell its health care bill

07/20/17 – Vox
Article describes a report created by the Trump administration which claims that an amendment by Texas Senator Ted Cruz would lower the cost of health insurance. However, the charts in the report compare very different types of data, quoting Professor Craig Garthwaite: “I don’t see a reason to produce these graphs ever if the goal is to give good information about the change in premiums.”

Health plan hinges on the young, but they’re a tough sell

07/17/17 – Associated Press
Article explains how young adults not buying healthcare coverage leads to a problem for Republicans who need young, healthy enrollees to buy insurance to keep down premiums for everyone, quoting Professor Craig Garthwaite on how Obama’s health law gives young adults job flexibility because coverage is not tied to employment.

Also covered in Chicago Tribune,, The New York Times and The Washington Post.