Michael E. Chernew, PhD, is the Leonard D. Schaeffer Professor of Health Care Policy and director of the Healthcare Markets and Regulation Lab at Harvard Medical School. Dr. Chernew’s research activities focus on several areas, most notably the causes and consequences of growth in health care expenditures, geographic variation in medical spending and use and Value Based Insurance Design (VBID). Professor Chernew has served as vice chair of the Medicare Payment Advisory Commission (MedPAC), which is an independent agency established to advise the U.S. Congress on issues affecting the Medicare program. He is also a member of the Congressional Budget Office’s Panel of Health Advisors. In 2000, 2004 and 2011, he served on technical advisory panels for the Center for Medicare and Medicaid Services (CMS) that reviewed the assumptions used by the Medicare actuaries to assess the financial status of the Medicare trust funds. Dr. Chernew is a research associate of the National Bureau of Economic Research. He co-edits the American Journal of Managed Care and is a senior associate editor of Health Services Research. In 2010, Dr. Chernew was elected to the Institute of Medicine (IOM) of the National Academy of Sciences and served on the Committee on the Determination of Essential Health Benefits. Dr. Chernew earned his undergraduate degree from the University of Pennsylvania and a doctorate in economics from Stanford University.


Recent Posts by Michael Chernew

Refining The Framework For Payment Reform

Moving from a system that rewards volume over value is a complicated and messy process. No method is ever implemented in isolation---either one at a time or in a vacuum---and many payment methods do not yet have a sufficient track record to help us prioritize among them.

September 19, 2016Costs and Spending, Payment Policy

The Economics Of Medicaid Expansion

Since the enactment of the ACA, the expansion of Medicaid has created considerable controversy, the topic is likely to remain high on the policy agenda. The opposition to Medicaid expansion is couched in economic terms, however this analysis is incomplete.

The Economics Of Paying For Value

A Symposium On Health Law. The belief that payment should be tied to value has led to a proliferation of value-based payment programs in both public and private sectors. Thus, it is useful to explore what economics may say about this change in the American health care system.

New Health Care Symposium: Building An ACO—What Services Do You Need And How Are Physicians Impacted?

The strongest case for the ACO model may be that it allows organizations to capture efficiencies if they can achieve them and thus succeed financially with lower revenue growth. It is not certain that organizations can make this transformative turnaround, but the alternative looks particularly bad.

Interpreting New Data On Health Care Spending Growth

Health care spending growth slowed significantly during, and immediately following, the recession years. However, there has also been considerable speculation about whether the slowdown will continue.

Arkansas Payment Improvement Initiative: Expanding Episodes To Other Clinical Areas

After the first year of implementation of the episodic payment component of the multi-payer Arkansas Payment Improvement Initiative (APII), the state has identified both successes and challenges.

Paying For The ‘Doc Fix’

For years now it has become apparent that the Sustainable Growth Rate (SGR) system is not sustainable.  However, fixing the SGR will require increases in budgeted costs, and so one of the major barriers to replacing the SGR is figuring out how to pay for the fix. Towards this end, it is...

Reconciling Prevention And Value In The Health Care System

The term 'value' (commonly defined as health improvements attained per dollar spent) has become ubiquitous in discussions around improving the health care system. Increasingly, payers are adopting value-based purchasing programs (paying more for higher value care) and providing benefits that...

Arkansas Payment Improvement Initiative: Self-Insured Participation

Editor’s note: This post is part of a periodic Health Affairs Blog series, which will run over the next year, looking at payment and delivery reforms in Arkansas and Oregon. The posts will be based on evaluations of these reforms performed with the support of the Robert Wood Johnson Foundation....

Arkansas Payment Improvement Initiative: Private Carriers Participation In Design And Implementation

Editor’s note: This post is part of a periodic Health Affairs Blog series, which will run over the next year, looking at payment and delivery reforms in Arkansas and Oregon. The posts will be based on evaluations of these reforms performed with the support of the Robert Wood Johnson Foundation....

October 15, 2014Following the ACA, Payment Policy