Saturday, March 25, 2017

Why market-based solutions to health care will continue to fail

John Cassidy writes in The New Yorker:

The fact is that the health-care industry, which makes up about a sixth of the American economy, isn’t like the market for apples or iPhones. For a number of reasons (which economists understand pretty well), it is riven with problems. Serious illnesses can be enormously costly to treat; people don’t know when they will get ill; the buyers of health insurance know more about their health than the sellers; and insurers have a strong incentive to avoid providing their product to the sick people who need it the most.

Friday, March 24, 2017

Can you continue to teach at the U while under federal indictment?

Hmm. Good question. We need to think about that one.  (Do we have to tell his students about, the um, fraud?)

"Authorities also charged Parisi with stalking after his 55-year-old accuser said that he tried to run her down Jan. 17 with his Jeep. However, police never contacted witnesses who since have said that Parisi’s Jeep was not used during the entire month of January due to a dead battery."

From the Star Tribune:

"The Minneapolis Police Department has opened an internal investigation into its handling of rape allegations against a University of Minnesota law professor who spent three weeks in jail on multiple felony charges before they were dropped for lack of evidence."

Thursday, March 23, 2017

Also, no more questions about the law school

From the Star Tribune:

A University of Minnesota law professor has been indicted on charges that he orchestrated a fraud scheme to embezzle millions of dollars from investors in companies that he ran.

According to the indictment, from 2006 to 2013, Edward S. Adams stole more than $4.38 million from investors and paid more than $2.54 million to his own law firm.

Adams, an attorney who joined the law school faculty in 1992, is expected to make his first appearance this week in U.S. District Court in Minneapolis.

And what does the university make of all this?  Here's a statement:

We are aware of the announcement earlier today by the U.S. Attorney's Office involving a University faculty member. The announcement describes alleged activities fully outside of the faculty member’s role with the University, and we do not have anything further to share at this time.

Yes, of course. Financial fraud is fully outside his role as Howard E. Buhse Professor of Finance and Law.  No connection whatsoever.

For the best summary, check out Margaret Soltan at University Diaries.

Tuesday, March 21, 2017

No more questions about Kaler's job performance, please

From KSTP:

University of Minnesota officials have stopped asking the public what they think about President Eric Kaler’s job performance – a decision that comes a year after his approval ratings dropped by double digits.

5 EYEWITNESS NEWS found the university removed questions about Kaler from its annual market research last year. The university had included Kaler’s approval rating every year dating back to at least 2011.

“We determined that asking a question about one individual, when many don't know who the president is, makes little sense,” Evan Lapiska, a university spokesperson said in an email Tuesday.

Lapiska said the Office of the President was involved in the decision to remove questions about Kaler from the survey.