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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.”
In a letter to the editor of The Economist, Prof. David Autor makes the case that while pursuing industrial policy has substantial risks, “forswearing industrial policy has equally many risks, especially when our chief economic and strategic competitors are currently using it to great effect.”
Writing for The Washington Post, research affiliate Bina Venkataraman emphasizes that “if biomedical breakthroughs are to benefit the millions of children afflicted with rare diseases, genetic testing of babies needs to expand.” Venkataraman adds: “By screening newborn genomes for currently known genetic diseases, patients and scientists could gain insights that lead to the treatment and prevention of thousands of illnesses that currently lack cures.”
Forbes reporter Marco Annunziata spotlights Prof. Amy Finkelstein’s new book, “We’ve Got You Covered.” Annunziata writes that “the book underscores the stunning absence of a health care budget," adding that the authors "do a great job at highlighting how the current setup poses no limit to expenditures and encourages doctors and providers to run up larger bills.”
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.”
Researchers from MIT have found that using generative AI chatbots can improve the speed and quality of simple writing tasks, but often lack factual accuracy, reports Richard Nieva for Forbes. “When we first started playing with ChatGPT, it was clear that it was a new breakthrough unlike anything we've seen before,” says graduate student Shakked Noy. “And it was pretty clear that it was going to have some kind of labor market impact.”
Prof. Daron Acemoglu and graduate student Todd Lensman have created “the first economic model of how to regulate transformative technologies,” like artificial intelligence, reports Tim Fernholz for Quartz. “Their tentative conclusion is that slower deployments is likely better, and that a machine learning tax combined with sector-specific restrictions on the use of the technology could provide the best possible outcomes,” writes Fernholz.
Wall Street Journal reporter Emily Bobrow spotlights Laurel Braitman PhD '13 for her work teaching writing and communication skills to healthcare workers. “We need people who are trained in science and medicine to be able to tell stories about what matters in public health in a way that makes people listen,” says Braitman. “But to do that, they have to be in touch with what they really feel.”
Prof. Jon Gruber speaks with Boston Public Radio hosts Jim Braude and Margery Eagen about the economics behind the Ozempic phenomenon, an antidiabetic drug being used to manage weight loss. “This is very new phenomenon and I think we are just starting to grapple with it,” says Gruber. “I think one positive aspect… it will put pressure on Congress to once again think more seriously about broader price of drug reform.”
MIT has been selected as the world’s best university in the 2024 QS World University Rankings, reports Cecilia Rodriguez for Forbes. MIT has secured “the top position for the 12th consecutive year,” writes Rodriguez.
Prof. Helen Elaine Lee speaks with Boston Globe reporter Renée Loth about the importance of writing, especially for incarcerated individuals. “In the wasteland of boredom and absence that is incarceration, it’s something to be devoted to that’s powerful and productive,” says Lee. Writing “is an assertion of humanity and abundance,” says Lee.
The Boston Globe Editorial Board spotlights The Educational Justice Institute at MIT (TEJI), which offers educational opportunities to incarcerated individuals. “The two worlds of corrections and education really don’t understand each other well,” says Lee Perlman, co-director of TEJI and a lecturer at MIT. “There’s a real culture clash between them.”
A study by MIT researchers shows that “workers have cost employers a 25% tax rate, while the rate of software and equipment has stood around 5%,” write Diego Areas Munhoz and Samantha Handler for Bloomberg. “This lopsidedness in tax code gives employers more reason to invest in automating goods like machines and computer software instead of workers.”
“Power and Progress,” a new book by Institute Prof. Daron Acemoglu and Prof. Simon Johnson, has been named one of the best new books on economics by the Financial Times. “The authors’ nuanced take on technological development provides insights on how we can ensure the coming AI revolution leads to widespread benefits for the many, not just the tech bros,” writes Tej Parikh.
Writing for The New York Times, Institute Prof. Daron Acemoglu and Prof Simon Johnson make the case that “rather than machine intelligence, what we need is ‘machine usefulness,’ which emphasizes the ability of computers to augment human capabilities. This would be a much more fruitful direction for increasing productivity. By empowering workers and reinforcing human decision making in the production process, it also would strengthen social forces that can stand up to big tech companies.”