The Initiative on Enabling Choice and Competition in Healthcare

The dominant theory in economics for centuries in the Western world has been the free market system, yet the ability of competitive markets to provide quality care has been a central point of recent debate. Extensive government regulation, though well-intentioned, adversely affects the overall health of Americans, inhibits medical innovation, and demands enormous tax-payer investment. The Initiative on Enabling Choice and Competition in Healthcare delivers cutting edge research on the efficiencies of competitiveness in the healthcare sector to demonstrate that free market forces can and do work to provide innovative, equitable, and high-quality care.

Our Vision

To be the leading university-based research center in free-market healthcare, promoting choice and competition to ensure greater access to existing care and new innovations.

Our Mission

To conduct evidence-based research and analyses on market-based choice and competition in the healthcare sector to lead to better-informed policy recommendations.

Working Papers

Policy Brief: The Impact of the Inflation Reduction Act on Generic and Biosimilar Competition

by sfrazee | Dec 23, 2022 | White Papers

This Policy Brief analyzes the impact of The Inflation Reduction Act (IRA) on generic and biosimilar competition. We first review the large savings that generic and biosimilar competition entails in the U.S., which is threatened by competitors’ uncertain investments....

The Value of Innovation Delaying the Progression of Alzheimer’s Disease in the US

by jmanor | Nov 29, 2022 | White Papers

Despite the large disease burden imposed by Alzheimer’s disease (AD), little quantitative evidence exists on the aggregate value stemming from innovation slowing the progression of the disease. To fill this gap, this paper uses the existing evidence base to assess the...

Policy Brief: Increasing Health Care Choice and Competition in Wisconsin

by sfrazee | Nov 1, 2022 | Uncategorized, White Papers

This policy brief contains a set of recommendations for improving access and competition in the state of Wisconsin’s health care system. These recommendations are based on how current state and federal reforms apply to Wisconsin. The brief is focused on four main...

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How Chicago Economics is Helping End a Pandemic: Enabling Choice and Competition in Healthcare

Operation Warp Speed is a historic milestone for economic research on medical innovation that occurred over decades on the University of Chicago campus. Chicago’s research results, traditions, and emphasis were brought to the federal government in 2017 by several of its faculty and alumni. In the three years before COVID-19 came to the United States, that economic team showed the President of the United States how federal policy reforms were delivering real value to consumers by encouraging innovation in healthcare industries.

Read the full paper here.

Learn more about Operation Warp Speed:

In the Press

New Bipartisan Legislation, “Ensuring Pathways to Innovative Cures (EPIC) Act,” Introduced to Eliminate IRA “Pill Penalty” and Support Small Molecule Drug Innovation, Cites Philipson Policy Brief

by mheinl | Feb 22, 2024

February 1, 2024 Press Release - originally published at murphy.house.gov. Washington, D.C. — Congressman Greg Murphy, M.D. introduced the Ensuring...

Difference-in-Differences in the Marketplace | February 2024

by susuguo | Feb 1, 2024

Price theory says that the most important effects of policy and technological change are often found beyond their first point of contact. This...

5th Annual CERSI Innovations in Regulatory Science Summit | UCSF-Stanford CERSI | 01/31/2024

by susuguo | Jan 7, 2024

2024 CERSI Summit - Debate 1: Direct to Consumer Advertising: Is It Good for Patients? "The UCSF-Stanford Center of Excellence in Regulatory Science...

2024 ECCHC Supply-Side Economics in Healthcare Conference – Watch Now!

The 2024 ECCHC Supply-side Economics in Healthcare Conference convened both in-person and virtually on Friday, May 3. Watch the full conference, or individual presentations and learn more about the conference here!