Michael Chernew

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Michael E. Chernew is an American expert in the field of health economics. He is a member of the Medicare Payment Advisory Commission, the National Academy of Sciences and the Institute of Medicine. [1]

Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. In broad terms, health economists study the functioning of healthcare systems and health-affecting behaviors such as smoking.

The Medicare Payment Advisory Commission (MedPAC) is an independent US federal body headquartered in Washington, D.C.. MedPAC was established by the Balanced Budget Act of 1997. The Commission's 17 members bring diverse expertise in the financing and delivery of health care services. Commissioners are appointed to three-year terms by the Comptroller General of the United States and serve part-time. Its primary role is to advise the US Congress on issues affecting the administration of the Medicare program. Specifically the commission's mandate is to advise the US Congress on payments to private health plans participating in Medicare and health providers serving Medicare beneficiaries. MedPAC is also relied on by Medicare administrators and policy makers to evaluate beneficiary's access to care and the quality of care received. MedPAC's mandate is broad enough that it can also evaluate other issues affecting Medicare.

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Chernew graduated from the University of Pennsylvania with a bachelor's degree and his PhD in economics is from Stanford University, where he focused on applied microeconomics and econometrics. [2]

University of Pennsylvania Private Ivy League research university in Philadelphia, Pennsylvania

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References

  1. "Michael E. Chernew, PhD | Department of Health Care Policy at Harvard Medical School". Archived from the original on January 20, 2012. Retrieved October 30, 2011.
  2. "Michael Chernew". Harvard Medical School. Retrieved 27 January 2018.