Updates / Health Care


By / 3.22.2018

Under Gov. Gina Raimondo, Rhode Island is aiming to rebuild its economy — once factory-based — around advanced industries​​ such as biotech and software. With such projects as the Providence Innovation & Design District, the goal is to create good-paying jobs by attracting leading-edge companies to the state. How odd, then, that the state legislature […]

By / 12.19.2017

It’s been a surreal political year, but PPI has much to celebrate this holiday season. Throughout 2017, we expanded our productive capacity and the scope of our political and media outreach significantly. For example, PPI organized 150 meetings with prominent elected officials; visited 10 state capitals and 10 foreign capitals, published an influential book and […]

By / 6.1.2017

Innovation is the foundation of growth. As innovation spreads to the physical industries, the result is higher wages, lower costs, and a more dynamic economy, as we showed in our recent report, The Coming Productivity Boom. But innovation in physical industries  has proceeded slower than we might have wanted, In part, that’s because promising technologies […]

By / 5.29.2017

For the past several years, PPI has analyzed the key drivers of health care costs. This year, as the Senate considers repealing the ACA, it’s especially important to correctly attribute the causes of rising health care costs. Our main result is that rising labor compensation for health care workers accounted for 44% of the increase in personal […]

By / 1.27.2017

“Have your cake and eat it.”  With these six aggressively monosyllabic words, the redoubtable Boris Johnson came clean, almost despite himself, about the contradictions of Brexit, and perhaps those of today’s right-of-center populism altogether.  In time, the phrase may be seen as the defining utterance of the post-truth era in trans-Atlantic politics. The Washington corollary […]

By / 9.30.2016

According to PPI estimates, rising labor costs accounted for almost $65 billion in added health care costs in 2015, or 47 percent of the total increase in personal health care spending (as reported by the latest projections from the actuaries at the Centers for Medicare and Medicaid). By contrast, IMS reports that net spending on prescription drugs […]

By / 5.6.2016

Productivity growth in the United States continues to slump.  The latest numbers from the BLS show that multifactor productivity growth was only a tiny 0.2% in 2015. In particular, gross medical productivity of the US healthcare system fell by 1.2% in 2015, according to PPI’s calculations.* That’s after two years of ticking up slightly. Falling […]

By / 5.7.2015

Our recent report on tech employment, authored by myself and Diana Carew,  calculated that women have been getting three times as many healthcare-related bachelors degrees as men. A NYT article from February 2015 lauded women for taking advantage of the stable, middle class jobs in healthcare, observing that As the job market has shifted, women, in general, have […]

By / 12.3.2014

Senator Schumer has made a plausible argument for why Obamacare was a political mistake.  I disagree. Democratic politicians have mainly defended Obamacare on the grounds of access, fairness and cost containment. But in the process, Democrats have missed an opportunity to show how Obamacare is a platform for entrepreneurial growth. Framed correctly, Obamacare could turn out […]

By / 12.2.2014

I am speaking Thursday at a Cato conference on The Future of U.S. Economic Growth, with a politically diverse group of speakers including Martin Baily, Robert Gordon, Brad DeLong and Erik Brynjolfsson. My panel is entitled”What is to be done?,” and focuses on feasible policy solutions. In preparation for the conference, I put together an essay on “Hacking […]