Malcolm MacEachern Symposium 2019

The Challenges of Paying for Valuable Pharmaceuticals

Each year, the Healthcare program at Kellogg convenes a group of healthcare experts for the MacEachern Symposium. This 2/3-day program includes two keynote lectures, one by a leading academic and a second by a leading industry practitioner. The symposium features distinguished speakers and business leaders from around the nation to discuss the most pressing issues in the healthcare industry.

April 5, 2019


36th Annual MacEachern Symposium

Join students, faculty, and industry peers in a day of discussion about the Challenges of Paying for Valuable Pharmaceuticals


For questions about the 2019 MacEachern Symposium:
Julie Gertz
Program Development Manager/Healthcare at Kellogg



The Challenges of Paying for Valuable Pharmaceuticals

April 5 / Kellogg Global Hub

Time Event Location



French Quarter


Continental Breakfast

French Quarter


Welcome and Opening Remarks - Craig Garthwaite, Kellogg School of Management

White Auditorium


Keynote - John Milligan, Gilead (Former CEO & President)
White Auditorium


Networking Break

French Quarter


Malcolm MacEachern Memorial Lecturer - Andrew Lo, MIT 

White Auditorium


White Auditorium


Lakeside Chat - John Prince, OptumRx 

White Auditorium


Panel Discussion: Amitabh Chandra, Harvard University and Arti Rai, Duke University 

White Auditorium

mosaic bar

Featured Participants

Amitabh Chandra

henry and allison mcCance PRofessor of business administration, harvard business school
Malcolm wiener professor of social policy and Director of health policy research, harvard kennedy school of government

Professor Chandra is a member of the Congressional Budget Office's (CBO) Panel of Health Advisors, and is a Research Associate at the National Bureau of Economic Research (NBER). His research focuses on innovation and pricing in the biopharmaceutical industry, value in health care, medical malpractice, and racial disparities in healthcare. His research has been supported by the National Institute of Aging, the National Institute of Child Health and Development, the Robert Wood Johnson Foundation, and has been published in the American Economic Review, the Journal of Political Economy, the New England Journal of Medicine, the Journal of the American Medical Association, and Health Affairs. He is the Chair Editor of the Review of Economics and Statistics.

Chandra has testified to the United States Senate and the United States Commission on Civil Rights. His research has been featured in the New York Times, the Washington Post, CNN, Newsweek, and on National Public Radio. He has been a consultant to the RAND Corporation, Microsoft Research and the Blue Cross Blue Shield Foundation of Massachusetts. In 2011 he served as Massachusetts' Special Commissioner on Provider Price Reform.

Professor Chandra is an elected member of the National Academy of Medicine, the first-prize recipient of the Upjohn Institute's Dissertation Award, the NIHCM Foundation Health Care Research Award, the Kenneth Arrow Award for best paper in health economics, and the Eugene Garfield Award for the impact of medical research. In 2012, he was awarded American Society of Health Economists (ASHE) medal. The ASHE Medal is awarded biennially to the economist age 40 or under who has made the most significant contributions to the field of health economics.

David Dranove

Walter J. McNerney Professor of Health Industry Management

David Dranove is the Walter McNerney Distinguished Professor of Health Industry Management at Northwestern University's Kellogg School of Management, where he is also Professor of Strategy.  He was previously Director of the Health Enterprise Management program. He has a PhD in Economics from Stanford University.

Craig Garthwaite

Associate Professor of Strategy, Director , healthcare at Kellogg, Northwestern University, Kellogg School of Management

Professor Garthwaite is the Herman R. Smith Research Professor in Hospital and Health Service, an Associate Professor of Strategy, and the Director of the Program on Healthcare at Kellogg (HCAK). He is an applied microeconomist whose research examines the effects of government policies and social phenomena with a focus on health and biopharmaceutical sectors. His recent work has focused on the private sector effects of the Affordable Care Act, including the labor supply effects of large insurance expansions, the changes in uncompensated hospital care resulting from public insurance expansions, and the responses of non-profit hospitals to financial shocks. In prior work, he has examined the impact of government cash assistance programs on health and the effect of changes in expected mortality from the emergence of crack-cocaine markets on educational attainment.

Andrew Lo

Charles E. & Susan T. Harris Professor, MIT sloan school of Management
Director, MIT's Laboratory for Financial Engineering
Principal investigator, MIT's Computer Science and ARtificial intelligence laboratory

Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, director of MIT’s Laboratory for Financial Engineering, and principal investigator at MIT's Computer Science and Artificial Intelligence Laboratory. His research interests include innovative approaches to healthcare financing and new statistical methods for incorporating patient preferences into the drug approval process and predicting clinical trial outcomes. Dr. Lo is the author of several books and over 100 articles, including “Commercializing Biomedical Research Through Securitization Techniques”, “Estimating Clinical Trial Success Rates and Related Parameters”, and “Buying Cures Versus Renting Health: Financing Health Care with Consumer Loans”. Dr. Lo is a board member of the Whitehead Institute for Biomedical Research and Roivant Sciences, an advisor to BridgeBio Capital, and a member of the Board of Overseers at Beth Israel Deaconess Medical Center. Dr. Lo received his B.A. in economics from Yale University and his A.M. and Ph.D. in economics from Harvard University.

John Milligan

Former CEO & President, Gilead

John Prince

Chief executive officer, Optumrx

John Prince currently serves as the chief executive officer of OptumRx, an industry-leading provider of pharmacy care services. In this capacity, his primary responsibilities include management of pharmacy benefits, pharmacy network, home delivery pharmacy, specialty pharmacy, home infusion, and workers’ compensation and auto no-fault solutions programs on behalf of clients and more than 65 million members.
Previously, Prince served as executive vice president and chief operating officer of Optum. He has held numerous roles with UnitedHealth Group since 2005, including executive vice president and chief financial officer of Optum; the first chief operating officer of OptumHealth; and led the formation of OptumHealthFinancial Services as its chief executive officer.
Prior to joining UnitedHealth Group, Prince served as senior vice president and head of health care business development and strategy at JPMorgan Chase and was a partner in Arthur Andersen’s health care strategy and operations practice.
Prince holds an undergraduate degree in economics and mathematics from Northwestern University, as well as an M.B.A from Northwestern’sKellogg School of Management. He serves on the board of the Pharmaceutical Care Management Association, The Executives’ Club of Chicago, and is actively involved with the Minneapolis Institute of Arts.

Arti Rai

Evlin R. Latty PRofessor of LAw and co-director, the center for innovation policy, duke university law school

Arti Rai, Elvin R. Latty Professor of Law and co-Director, The Center for Innovation Policy at Duke Law, is an internationally recognized expert in intellectual property (IP) law, innovation policy, administrative law, and health law. Rai's research on innovation law and policy in biotechnology, pharmaceuticals, and software has been funded by NIH, the Kauffman Foundation, and the Woodrow Wilson Center. She is the editor of Intellectual Property Law and Biotechnology: Critical Concepts (Edward Elgar, 2011) and the co-author of a 2012 Kauffman Foundation monograph on cost-effective health care innovation.

Rai has served as the chief policy advisor to the Director of the U.S. Patent and Trademark Office; a member of the National Advisory Council for Human Genome Research; and as a public member of the Administrative Conference of the United States. Rai has also served on, or as a reviewer for, numerous National Academies of Science committees. In 2013, she was elected to the American Law Institute. She won the World Technology Network Award for Law in 2011.
Rai graduated from Harvard College with a degree in biochemistry and history (history and science), attended Harvard Medical School, and received her J.D. from Harvard Law School.

Amanda Starc

Associate Professor of Strategy, Northwestern University, Kellogg School of Management

Amanda Starc, Ph.D., is an Associate Professor of Strategy at the Kellogg School of Management and a Faculty Research Fellow at the National Bureau of Economic Research (NBER). She received her BA in Economics from Case Western Reserve University, and her PhD in Business Economics from Harvard University. Dr. Starc's research interests include industrial organization and health economics.

Her research examines the Medicare Advantage, Medicare Part D, and Medicare Supplement ("Medigap") markets, as well as consumer behavior in insurance exchanges. Recent work measures the effectiveness of direct-to-consumer advertising of pharmaceuticals. Her work links models of consumer choice and supply side incentives, and uses a range of econometric techniques to analyze data.


Getting Here & Parking

Major airlines fly into both O’Hare International Airport and Midway International Airport. O’Hare Airport is approximately 45 minutes from Kellogg and Midway Airport is approximately 60 minutes from Kellogg, but you may want to allow more time for traffic.

Taxi service from both airports can be arranged in advance of your visit for a reduced fare. Pre-arranged rides start at approximately $35 from O’Hare and $50 from Midway. For up-to-date fare information, please contact a taxi service directly. 
We are happy to provide a parking permit for visitors that drive to campus. Upon arriving, park at either the South Campus Parking Garage (1847 Campus Drive) or the North Campus Parking Garage (2311 North Campus Drive.) The North Campus Parking Garage is closer to the Global Hub. Before leaving campus make sure to ask the staff for a validated parking ticket to exit the garage.

Where to Stay

Airbnb has listings for rent throughout Evanston and Chicago

Hilton Garden Inn The Hilton
1818 Maple Ave., Evanston, IL 60201
Phone: 847.475.6400 or 1.877.STAYHGI

Hilton Orrington/Evanston
1710 Orrington Ave., Evanston, IL 60201
Phone: 888.677.4648

Holiday Inn Chicago: North-Evanston
1501 Sherman Ave., Evanston, IL 60201
Phone: 847.491.6400

Hyatt House Chicago/Evanston
1515 Chicago Ave., Evanston, IL 60201
Phone: 847.864.2300

Janet’s Place B&B
935 Judson Ave., Evanston, IL 60202
Phone: 847.328.8966

Margarita European Inn
1566 Oak Ave., Evanston, IL 60201
Phone: 847.869.2273

North Shore Doubletree Hotel
9599 Skokie Blvd., Skokie, IL 60077
Phone: 847.679.7000

Stone Terrace Bed & Breakfast
1622 Forest Place, Evanston, IL 60201
Phone: 847.859.2198

Public Transportation

The Chicago Transit Authority (CTA) maintains an extensive system of elevated trains (also known as “the L”) and buses throughout Chicago and Evanston. The train stop closest to Kellogg is the Purple Line Foster stop on Church and Davis Streets. The 201 bus departs from the Howard St. terminal and stops on the corner of Foster and Sheridan.

Be advised, while inexpensive, taking the CTA from the airport can take up to 90 minutes and requires transferring trains.

MacEachern Previous Years


The Public-Private Partnership of U.S. Healthcare
April 27, 2018

Keynote speaker: Re-defining the Healthcare Experience...One Person at a Time 
Steve Nelson, MBA, MHSA
Office of the Chief Executive, UnitedHealth Group
Chief Executive Officer, UnitedHealthcare

Malcolm MacEachern Memorial Lecturer: The Role of Private Payers & Providers After the Affordable Care Act
Mark Duggan, PhD, MS
Wayne & Jodi Cooperman Professor of Economics and 
Trione Director Stanford Institute for Economics Policy Research
Stanford University

Discussion: Managing Public- Private Sector Partnerships in Healthcare
Craig Garthwaite
, PhD
Associate Professor of Strategy, Herman Smith Professor in Hospital & Health Services Management,
Director, Healthcare at Kellogg
Northwestern University, Kellogg School of Management

Christian Soura, MA
Vice President of Policy & Finance
South Carolina Hospital Association
Former Director
South Carolina Department of Health & Human Services


Can Markets Be Used to Control Healthcare Costs
May 18, 2017

Keynote speaker: How can Government and Markets work together to control Healthcare Cost 
Julian Harris, MD, MBA
CareAllies, A Cigna Company

Malcolm MacEachern Memorial Lecturer: The Affordable Care Act: Repeal and Replace? Or Rethink? New Models, Methods and Payments
James Weinstein, DO, MS
President & CEO
Dartmouth-Hitchcock Health

A Conversation on the Future of Anti-Trust in Healthcare Markets
Amanda Starc
, PhD
Associate Professor of Strategy
Northwestern University, Kellogg School of Management

David Dranove, PhD
Walter J. McNerney Professor of Health Industry Management, Professor of Strategy,
Faculty Director of PhD Program
Northwestern University, Kellogg School of Management


Public and Private Exchanges: What Does the Future Hold?
April 29, 2016

Keynote Speaker: Private Exchanges - Current and Future Perspectives
Ashok Subramanian, MA, MBA
Chief Executive Officer and Co-Founder

Malcolm MacEachern Memorial Lecturer: Public Health Insurance Exchanges: Where they came from and where are they going?
Jonathan Gruber, PhD
Ford Professor of Economics
Massachusetts Institute of Technology

Panel: Insights and Reactions from Insurers
Moderator: Leemore Dafny,
Professor of Strategy, Director of Health Enterprise Management 
Herman Smith Research Professor in Hospital and Health Services
Kellogg School of Management

Kevin Cassidy, MBA
Senior Vice President, Employer Group Sales & Client Management
Blue Cross Blue Shield of IL, MT, NM, OK, TX

Craig A. Hipp, CEBS
Vice President, Exchange Strategy/Strategic Initiatives
UnitedHealthcare National Accounts

Luncheon and the Year Ahead in Healthcare: A Forecasting Panel
Moderator: Andrew Ziskind, MD, MBA
Adjunct Professor of Health Enterprise Management
Kellogg School of Management
Managing Director, Clinical Solutions
Huron Healthcare

Edward F.X. Hughes, MD
Professor of Strategy
Kellogg School of Management

Mark Golberg
“Project X”, an innovative platform in the elder care space in development by Red Star Ventures

Robert York, MBA
Senior Vice President
Kaufman Hall

Ethan Arnold, MPH
Co-Founder & President
The Chartis Group


High-Priced Drugs: Problem or Progress?
May 8, 2015

Keynote speaker: Medicines and Pricing: Ensuring Accessibility, Affordability and Innovation
Justin McCarthy
Senior Vice President, Global Policy & International Public Affairs
Pfizer, Inc.

Malcolm MacEachern Memorial Lecturer: Paying for Innovation in Healthcare
Amitabh Chandra, PhD
Professor of Public Policy
Harvard University

Panel: Perspectives on Drug Pricing from Payers and Providers
Moderator: Leemore Dafny, 
Professor of Strategy, Director of Health Enterprise Management 
Herman Smith Research Professor in Hospital and Health Services
Kellogg School of Management

Peter Bach, MD
Memorial Sloan Kettering's Center for Health Policy and Outcomes

Steve B. Miller, MD
Senior Vice President & Chief Medical Officer
Express Scripts Inc.

Luncheon and the Year Ahead in Healthcare: A Forecasting Panel
Moderator: Craig Garthwaite, PhD
Assistant Professor of Strategy, Kellogg School of Management

Michael Sachs, MSPH

Andrew Ziskind, MD, MBA
Managing Director, Clinical Solutions
Huron Healthcare

Nicole Walker, MBA, MEM
Baird Capital