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    Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

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    Can Important Unions Collapse and Disappear?

    The Right Amount of Cards, Cash and ID to Carry in Your Wallet

    Why Is Everyone So Unhappy at Work Right Now?

    Scrapping the state’s liquor license law makes economic sense

    Scrapping the state’s liquor license law makes economic sense

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    Which is better – a real or a fake Christmas tree?

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    EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

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      Insights@Questrom
      • Our Insights
        • All
        • Business Challenges
        • Business Education
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        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Oh, Christmas tree: The economics of the US holiday tree industry

        Oh, Christmas tree: The economics of the US holiday tree industry

        How AI Chat Search Could Disrupt Online Advertising

        Spotify CEO cites “expensive” capital as factor in layoffs. What does that mean?

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

        Scrapping the state’s liquor license law makes economic sense

        Scrapping the state’s liquor license law makes economic sense

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

      • Videos & Podcast
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        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom $50K Case Competition: In the Trenches of Sustainability with Casella

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        The Optimistic Pessimist

        Shein & Forever 21 Strike a Deal

        Shein & Forever 21 Strike a Deal

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom and BU Means Innovation and Entreprenuership

        A new travel nightmare: New passport delays lasting 13 weeks

        A new travel nightmare: New passport delays lasting 13 weeks

        Leadership Communications

        Leadership Communications

        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        AI: What is it and how will it impact business?

        Is Creativity in Advertising Dead in the age of AI?

        Is Creativity in Advertising Dead in the age of AI?

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        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Alaska and Hawaiian Airlines Are Merging: What It Means for Travelers

        Newton Grandmother Scammed out of $20,000, Used Bitcoing ATMs to Send Money

        Which is better – a real or a fake Christmas tree?

        How AI Chat Search Could Disrupt Online Advertising

        Spotify CEO cites “expensive” capital as factor in layoffs. What does that mean?

        The Danger of Racial Colorblindness 

        The Danger of Racial Colorblindness 

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        EXPERT: IN-PERSON WORK ALONE WON’T FIX LONELINESS

        Can we count on carbon capture to abate climate change?

        Can we count on carbon capture to abate climate change?

        The Cybertruck Must Be Huge—or It Will Dig Tesla’s Grave

        The Cybertruck Must Be Huge—or It Will Dig Tesla’s Grave

        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

        Trending Tags

        • Publications
          • All
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          • Harvard Business Review
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          • Sloan Management Review
          How GenAI Could Accelerate Employee Learning and Development

          How GenAI Could Accelerate Employee Learning and Development

          AI Adoption in U.S. Health Care Won’t Be Easy 

          AI Adoption in U.S. Health Care Won’t Be Easy 

          Where Should Your Company Start with GenAI? 

          Where Should Your Company Start with GenAI? 

          How Retailers Can Capitalize on the “Refund Effect”

          How Retailers Can Capitalize on the “Refund Effect”

          Should Companies Refrain From Making Political Statements?

          Should Companies Refrain From Making Political Statements?

          Make It Safe for Employees to Speak Up – Especially in Risky Times

          Make It Safe for Employees to Speak Up – Especially in Risky Times

          Will Generative AI Create a New Era of Search Competition?

          Will Generative AI Create a New Era of Search Competition?

          A Better Approach to Customer-Centric Messaging and Engagement

          A Better Approach to Customer-Centric Messaging and Engagement

          How Coworking Spaces Impact Employee Well-Being

          How Coworking Spaces Impact Employee Well-Being

          Trending Tags

          Insights@Questrom
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          The Pandemic’s Effect on US Health Insurance

          Tal GrossbyTal Gross
          February 1, 2021
          in Business Policy & Markets, Health, Biopharma, & Health-Tech
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          The Pandemic’s Effect on US Health Insurance
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          What impact has the pandemic had on the current US health insurance system? What bottlenecks/constraints have there been to care, and are there ways to relieve them? How could this impact access to a vaccine? Associate Professor of Markets, Public Policy, & Law Tal Gross sits down with Insights@Questrom to discuss how COVID-19 has impacted the US health insurance system.

           

          HOW HAS COVID–19 IMPACTED THE U.S. HEALTH INSURANCE SYSTEM?

          Tal Gross: While 2020 was, unquestionably, a terrible year, it was relatively kind to health insurers. The market capitalization of top, publicly traded health insurers was relatively flat through 2020. On the one hand, the COVID–19 pandemic has meant that insurers have had to pay for intensive medical treatment for those who have contracted the virus. On the other hand, the pandemic also temporarily eliminated elective procedures, which lowered insurers’ costs. The CARES Act requires insurers to pay for testing and the administrative costs of vaccinations, but those expenditures are unlikely to have a big effect on insurers’ overall finances.

          HAS THE PANDEMIC HIGHLIGHTED ANY CONSTRAINTS OR BOTTLENECKS IN THE CURRENT HEALTH INSURANCE SYSTEM?

          Tal Gross: As a health economist, I have always been concerned about the number of Americans who lack health insurance. Research has shown that health insurance coverage increases the amount of healthcare that people consume, reduces financial distress, and, in the end, lowers mortality. And so the fact that roughly 30 million people in America lack health insurance is a problem. That problem has not necessarily made the pandemic worse – access to healthcare does not prevent people from getting the disease. But, that said, all of the country’s inequities have become more apparent and more impactful this year. The numbers are staggering: African Americans are three times more likely to be hospitalized for COVID–19 as compared to non-Hispanic White Americans.

          HOW CAN THOSE HEALTH INSURANCE CONSTRAINTS BE ALLEVIATED, IF AT ALL?

          Tal Gross: Under the Affordable Care Act, every state had the option to expand Medicaid. Doing so costs each state relatively little – under the law, the Federal government covers 90 percent of the cost of expansion. To date, 12 states have yet to expand Medicaid. All the research we have on health insurance suggests that that decision leads to higher mortality rates and, generally, more misery in those states. So it is reasonable, in the wake of the pandemic and all that occurred in 2020, to argue that all states should adopt the Medicaid expansion.

          HOW ACCESSIBLE WILL THE COVID–19 VACCINE BE UNDER THE CURRENT HEALTH INSURANCE SYSTEM?

          Tal Gross: Fortunately, all Americans will have access to a vaccine free of charge. Making the vaccine free is sound economic policy. Every dose of the vaccine not only benefits the patient being vaccinated, it benefits everyone, because the vaccine makes it less likely that the patient will transmit the virus to others. Economists use a technical term to describe that: consumption of the vaccine involves “positive externalities.” And so it makes sense to keep the out-of-pocket cost of the vaccine low, because we all enjoy the benefits of each dose distributed.

          There have been reports of local, elected officials attempting to keep the vaccine from immigrants. Such a policy is not just cruel, it is also stupid. Until I get vaccinated, I may contract the virus from anyone who has it, either a fellow American citizen or an undocumented immigrant. The virus does not check citizenship papers before infection. So it makes no sense to prevent immigrants from being vaccinated.

          Tags: COVID-19Tal Gross
          Tal Gross

          Tal Gross

          Tal Gross is an associate professor in the Department of Markets, Public Policy & Law at Boston University. He is also a Faculty Research Fellow at the National Bureau of Economic Research. His research focuses on health insurance and household finance. He received his bachelor’s degree from The University of Chicago and his Ph.D. from the Massachusetts Institute of Technology.

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