Policy Brief: UMass Has a Spending Problem

Joe Selvaggi talks with neurobiologist and writer Dr. Anne Sydor about the potential for gene therapy to address deadly and debilitating diseases and how current health care models must adapt to encourage this nascent technology.

Pioneer Institute's new tool, the Massachusetts Hospital Relative Price Tracker, displays relative price and facilitates relative price comparisons among hospitals. The average price among all hospitals will have a relative price of 1.0. A relative price of 1.5 means that a hospital charges 50 percent higher than the average of all Massachusetts hospitals. Similarly, a relative price of 0.84 means that a hospital’s prices are 16 percent below average. Relative price data is collected and reported by the Commonwealth’s Center for Health Information and Analysis (CHIA) and is an aggregate measure used to evaluate price variations among different hospitals. It is recalculated annually based on data collected from commercial payers and includes information on private commercial insurance and commercially managed public insurance products such as Medicare Advantage and Medicaid Managed Organizations/Accountable Care Partnership Plans.

Prof. Benjamin Smith, author of The Dope: The Real History of the Mexican Drug Trade, provides insights into various aspects of the Mexican drug trade, including its historical context and the evolution of illicit drug products over time. He discusses key cartels and their methods, the impact of the drug trade on Mexico's murder rates, the immense financial scale of the trade, its effect on Mexico and the U.S., and the challenges law enforcement face in combating it. Smith explores the relationship among Mexican cartels, other foreign countries, and the illicit drug market in the U.S.

Joe Selvaggi engages in a conversation with Pioneer Institute’s Eileen McAnneny, Senior Fellow for Economic Opportunity, to analyze the status of the 2024 budget. They compare actual revenue and spending with pre-July 1 estimates, investigating potential reasons for any surpluses or shortfalls. They also dive into policy implications for legislators as they approach fiscal 2025.

The Commonwealth’s tax collections continue to slide, totaling $3.594 billion in January, $268 million below what the state collected in January 2023, and short of the revised benchmark by $263 million. Massachusetts state government must live within its means by reducing FY2025 spending. The days of fiscal surpluses, unprecedented increases in year-over-year spending, and flowing federal aid have come to an end.

Dr. von Davier explores his educational background and its influence on directing TIMSS & PIRLS, shedding light on psychometrics and standardized testing. He discusses the shift in education policy's focus, the global education data landscape, and the pandemic's effects on K-12 education around the world. Dr. von Davier addresses the alarming decline in U.S. educational performance, emphasizing the urgency to bridge achievement gaps. Drawing from international experiences, he highlights global examples for American policymakers from higher-performing countries, emphasizing the crucial links between education, skills, and innovation on the global economy.