Insurance

In an article for Forbes, Sloan Research Scientist Ranjan Pal and Prof. Bodhibrata Nag of the Indian Institute of Management Calcutta highlight the  risks associated with the rise of Internet of things-driven smart cities and homes. “Unlike traditional catastrophic bond markets, where the (natural) catastrophe does not affect financial stability, a cyber-catastrophe can affect financial stability,” they write. “Hence, more information is needed by bond writing parties to screen cyber-risk exposure to guarantee no threat to financial stability.”

Forbes reporter Howard Gleckman spotlights Prof. Amy Finkelstein’s new book, “We’ve Got You Covered: Rebooting American Health Care.” Finkelstein and her co-author propose a, “highly provocative, radical alternative to our current mess,” by combining, “a global health budget with universal, free, basic care for everybody,” Gleckma explains.

Prof. Amy Finkelstein speaks with Politico reporters Erin Schumaker, Daniel Payne and Evan Peng about her new book “We’ve Got You Covered: Rebooting American Health Care.” “Health insurance is not delivering on its function,” says Finkelstein. “Over 1 in 10 Americans under 65 are uninsured at any given moment, and of the 30 million Americans who are uninsured, 6 in 10 are eligible for free or heavily discounted health insurance coverage. And yet they don’t have that coverage.”

Fortune reporter John Singer spotlights Prof. Amy Finkelstein’s new book, “We’ve Got You Covered: Rebooting American Health Care.” The book details “an approach that could potentially transform the multi-dimensional dysfunctionality that is the U.S. healthcare system,” writes Singer.

Forbes reporter John C. Goodman spotlights “We’ve Got You Covered,” a new book co-authored by Prof. Amy Finkelstein and Stanford economist Liran Einav, which explores the idea of offering universal health insurance coverage with no increase in government spending. “An important argument made by Finkelstein and Einav is that Americans are paying about twice as much as we really need to pay for medically necessary health care,” writes Goodman. “So, if we gave the government’s share to people directly, they would be able to buy essential coverage with that money alone." 

Prof. Amy Finkelstein speaks with Marketplace’s David Brancaccio about her new book “We’ve Got You Covered: Rebooting American Health Care,” which outlines a way to rethink health care in the U.S. “What every other high-income country does is have universal basic coverage with the ability to buy additional supplemental coverage for people who can afford and want more than that basic coverage,” explains Finkelstein. “And that’s what we need to do.”

Writing for The New York Times, MIT Prof. Amy Finkelstein and Stanford Prof. Liran Einav note that health insurance coverage for the Americans "who are fortunate enough to have insurance is deeply flawed.” Finkelstein and Einav make the case that the solution to health insurance reform is “universal coverage that is automatic, free and basic.”

TechCrunch reporter Mary Ann Azevedo spotlights Insurify, a startup founded by alumna Snejina Zacharia. “Insurify has built a machine learning-based virtual insurance agent that integrates with more than 100 carriers to digitize — and personalize — the insurance shopping experience,” Azevedo explains.

Prof. Paul Osterman speaks with WBUR On Point’s Jane Clayson about the home healthcare worker crisis in the United States. “We need to find ways to make home care workers more productive to save the healthcare system. The payers…would find it in their interest to improve the compensation and training of these folks,” said Osterman.

The New York Times' David Leonhardt writes about a study by Prof. Amy Finkelstein showing that as health care premiums rise, low-income families increasingly forgo insurance and use emergency care. Leonhardt explains that emergency care, “tends to be expensive, raising costs for other patients, and it’s often not as good as preventive care.”

Prof. Amy Finkelstein writes for the Health Affairs Blog about the need for relying on evidence to set health care policy, citing her own randomized, controlled study of Oregon’s health care system. “We need to rely on evidence from rigorous research—rather than compelling anecdotes—to get an accurate assessment of a policy’s effects,” Finkelstein explains.

Margot Sanger-Katz cites research by Professor Jonathan Gruber in this New York Times article on rising health insurance premiums. Gruber’s findings indicate that prior to the Affordable Care Act, premiums rose at higher average rates for individuals than they have since the legislation went into effect

Kelly Kennedy of USA Today reports on Prof. Jonathan Gruber’s research showing that health insurance premiums went up 10% on average in the three years before the Affordable Care Act took effect. "The two main lessons are the notion that there was a pre-existing double-digit trend, and that it was variable," says Gruber. 

In a piece for CNBC, Dan Margan reports that a new study by Professor Jonathan Gruber shows that individual health care premiums experienced large hikes and a high variability in rate hikes before the Affordable Care Act took effect.  

In an article for Forbes, Yevgeniy Feyman and Fil Babalievsky report on new research from Professor Jonathan Gruber that tackles the question of how competition among insurers impacts premium rates.