What are pharmacy benefit managers? A health economist explains how lack of competition drives up drug prices for everyone

As the middlemen between drug companies and insurers, PBMs are shoo-ins as the villains behind high drug prices. But they do play a useful role in the health marketplace.

James B. Rebitzer, Wexler Professor of Management, Economics and Public Policy, Boston University • conversation
Dec. 19, 2024 ~10 min

Miracle, or marginal gain?

Industrial policy is said to have sparked huge growth in East Asia. Two MIT economists say the numbers tell a more complex story.

Peter Dizikes | MIT News • mit
Dec. 18, 2024 ~8 min


From refugee to MIT graduate student

As a child, a civil war drove Mlen-Too Wesley out of Liberia. As an adult, he has returned and is applying what he learned in an MITx MicroMasters program to help the West African nation thrive.

Marisa Demers | MIT Open Learning • mit
Dec. 3, 2024 ~6 min

Doctor’s bills often come with sticker shock for patients − but health insurance could be reinvented to provide costs upfront

While some policies have made the price of certain health care services more transparent, they don’t guarantee patients won’t be surprised by how much they’ll need to pay out of pocket.

Michal Horný, Assistant Professor of Health Policy and Management, UMass Amherst • conversation
Nov. 21, 2024 ~9 min

J-PAL North America announces new evaluation incubator collaborators from state and local governments

Selected LEVER collaborators will work with the organization to develop an evaluation of their respective programs that alleviate poverty.

Victoria Moura | J-PAL North America • mit
Nov. 15, 2024 ~6 min

Can big data and chaos theory predict the unpredictable?

On this episode of the Big Brains podcast, a scholar explains how using chaos theory could shake up well-established economic approaches.

U. Chicago • futurity
Nov. 14, 2024 ~3 min

Despite its impressive output, generative AI doesn’t have a coherent understanding of the world

Researchers show that even the best-performing large language models don’t form a true model of the world and its rules, and can thus fail unexpectedly on similar tasks.

Adam Zewe | MIT News • mit
Nov. 5, 2024 ~7 min

Study: Hospice care provides major Medicare savings

The late-in-life health care option reduces patient costs, even as for-profit organizations expand in the sector.

Peter Dizikes | MIT News • mit
Oct. 24, 2024 ~7 min


How finance can be part of the solution to the world’s biodiversity crisis

Nature loss is as critical to national economies as climate change.

Nicola Ranger, Director and Senior Research Fellow, Global Finance Group, Environmental Change Institute, University of Oxford • conversation
Oct. 22, 2024 ~7 min

Tariffs come with lots of ‘unintended consequences’

In a new study, researchers urge politicians to exercise caution when it comes to tariffs.

Holly Frew - Georgia State U. • futurity
Oct. 18, 2024 ~10 min

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