Faculty Positions


Research Interests

One of the nation’s leading health economists, Dr. Pauly has made significant contributions to the fields of medical economics and health insurance. His classic study on the economics of moral hazard was the first to point out how health insurance coverage may affect patients’ use of medical services. Subsequent work, both theoretical and empirical, has explored the impact of conventional insurance coverage on preventive care, on outpatient care, and on prescription drug use in managed care. In addition, he has explored the influences that determine whether insurance coverage is available and, through several cost-effectiveness studies, the influence of medical care and health practices on health outcomes and cost. His interests in health policy deal with ways to reduce the number of uninsured through tax credits for public and private insurance and appropriate design for Medicare in a budget-constrained environment. Most recently, he has examined the topics of national health care reform, the individual insurance market, the effects of poor health on worker productivity, and the market for voluntary health insurance in developing countries. 

Selected Publications

Pauly MV: Health reform without side effects: Making markets work for individual health insurance. 2010; Stanford, CA: Hoover Institution Press.

Pauly MV: The tradeoff between quality, quantity, and cost: How to make it if we must. Health Affairs.  2011; 30(4): 574-580.

Pauly MV: Public health care and health insurance reform -- varied preferences, varied options. NEJM. 2009; 360(22): 2271-2273.

Pauly MV:  Blending better ingredients for health reform. Health Affairs. 2008; 27(6):w482-w491.


Bio Sketch

Dr. Pauly received the Ph.D. in Economics from the University of Virginia.  A former commissioner on the Physician Payment Review Commission, Dr. Pauly has served on the advisory committee to the Agency for Health Care Research and Quality, and on the Medicare Technical Advisory Panel. He has been a consultant to the Congressional Budget Office, the Office of the Secretary of the U.S. Department of Health and Human Services (which supported some of his work on individual health insurance), and health trade associations. He is an active member of the Institute of Medicine and has served on I.O.M. panels on public accountability for health insurers under Medicare and on improving the financing of vaccines.  Currently, Dr. Pauly serves on the National Advisory Council for the National Institutes of Health National Center for Research Resources, the National Academy of Sciences’ Committee to Study the Veterinary Workforce, and the NAS Committee on the Biomedical Workforce.  He is a co-editor-in-chief of the International Journal of Health Care Finance and Economics and an associate editor of the Journal of Risk and Uncertainty.


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