The COVID-19 pandemic has left indelible marks on the U.S. health care system over the last year, stressing hospitals in some locales to the breaking point. At the same time, the pandemic has spurred innovations in care delivery, particularly telehealth. Accounting for nearly a fifth of the overall U.S. economy, health care is bigger business than ever as the nation works toward recovery. Federal health policies can have large impacts on financing and delivery, and understanding emerging health care market trends and their implications can provide critical context for policymakers.
On Friday, April 9, the USC-Brookings Schaeffer Initiative for Health Policy will host the 25th Wall Street Comes to Washington Health Care Roundtable as a webinar. Designed to bridge the worlds of Wall Street and Washington health policy, an expert panel of equity analysts, moderated by Initiative Director Paul B. Ginsburg, will discuss market trends shaping the health care system and the impact of federal policies on health care companies.
Topics will include how the pandemic has altered the health care landscape both in the near and longer term; the growing role of telehealth and non-physician clinicians; hospital consolidation trends, especially cross-market mergers; the future of provider payment reform; health insurance trends across the commercial, Medicare, and Medicaid lines of business; whether the federal surprise billing legislation was a win for insurers or providers; Wall Street and industry views and expectations of policy changes under the Biden administration; and other issues.
- Event Date
- Friday, April 09, 2021
11:00 AM - 12:45 PM Pacific
Paul Ginsburg, PhD (Moderator)
Director, USC-Brookings Schaeffer Initiative for Health Policy
Director, Public Policy, USC Schaeffer Center
Senior Fellow, USC Schaeffer Center
Professor, Practice of Health Policy and Management, USC Price School of Public Policy
Leonard D. Schaeffer Chair, Economic Studies at Brookings Institution
Paul Ginsburg is the Leonard D. Schaeffer Chair in Health Policy Studies at the Brookings Institution and director of the USC-Brookings Schaeffer Initiative for Health Policy. He serves as director of public policy at the USC Schaeffer Center. He is also a professor of health policy at the USC Price School of Public Policy.
From 1995 through 2013, he served as president of the Center for Studying Health System Change (HSC), an organization he founded. Initiated with core support from the Robert Wood Johnson Foundation, HSC conducted research to inform policymakers and other audiences about changes in organization, financing and delivery of care, and their effects on people. HSC was widely known for the objectivity and technical quality of its research and its success in communicating it to policymakers, industry and the media as well as to the research community. It enjoyed particular respect for its knowledge of developments in communities and healthcare markets.
Prior to founding HSC, Ginsburg served as founding executive director of the predecessor to the Medicare Payment Advisory Commission (MedPAC). Widely regarded as highly influential, MedPAC developed the Medicare physician payment reform enacted by Congress in 1989. In 2016, Ginsburg was appointed a MedPAC commissioner. He was a senior economist at RAND and served as deputy assistant director at the Congressional Budget Office (CBO). Before that, he served on the faculties of Duke and Michigan State universities. He earned his doctorate in economics from Harvard University.
Ginsburg is a noted speaker and consultant on the changes in the financing and delivery of healthcare, particularly on the evolution of healthcare markets. In addition to presentations on the overall direction of change, recent topics have included cost trends and drivers, consumer driven healthcare, provider payment reform, price transparency, the future of employer-based health insurance, addressing growing provider leverage and competition in healthcare. As a senior adviser to the Bipartisan Policy Center, he has contributed to reports on reducing federal spending on healthcare (2010), on a strategy to contain healthcare costs (2013) and on approaches to provider payment reform in Medicare (2014-2015). He has been named to Modern Healthcare’s “100 Most Influential Persons in Health Care” eight times. He received the first annual HSR Impact Award from AcademyHealth. He is a founding member of the National Academy of Social Insurance, a public trustee of the American Academy of Ophthalmology, served two elected terms on the Board of AcademyHealth, served on CBO’s Panel of Health Advisors and serves on Health Affairs’ editorial board. In 2015, he was appointed to Health and Human Services' National Advisory Council for Health Care Research and Quality.
Matt Borsch, CFA
Managed Care/Providers Analyst
Matt Borsch is a Managing Director and senior research analyst for BMO Capital Markets covering managed care, hospitals and service providers. Prior to joining BMO in April 2017, Matt was at Goldman Sachs, where he covered managed care and service providers. With an equity research career spanning 16 years at Goldman, and another 7 years in the healthcare industry prior, Matt brings a wealth of experience and client relationships. Culturally a team player, in addition to previously holding the lead role for healthcare team policy and economic research, he has also played an active role in developing and mentoring junior research talent. Together with his team, Matt developed a comprehensive model of the health insurance underwriting cycle that he used in his published research to predict the 2006-2009 industry downturn. He has been recognized among the top 5 sector analysts by the Greenwich Research Survey, and has ranked #2 overall for healthcare services coverage (Bloomberg/Greenwich 2013). Matt has also served as an adjunct professor at Columbia University, where he taught a graduate-level course on the managed care industry. Matt holds an MBA and Masters in Public Health from Columbia University and he earned his bachelor’s degree in Economics and Mathematical Sciences (double major) from the Johns Hopkins University. Matt is also a Chartered Financial Analyst.
Managing Director, Morgan Stanley
Managing Director - Deutsche Bank