Wharton Business Radio

Knowledge@Wharton: April 4, 2019

Today on Knowledge@Wharton … last week a federal judge stopped two states from implementing requirements of having to work, volunteer, or be trained for a job, to qualify for Medicaid coverage. While Kentucky had not yet implemented their plan, around 18,000 people had already lost their coverage in Arkansas, though 2,000 were allowed to reenroll. The programs exempted those deemed to be too sick to work, pregnant women, primary caregivers of children or disabled family members, and full time students. The Department of Health and Human Services has so far allowed eight states to put in place work for Medicaid requirements and seven others are waiting approval to do the same. The rulings by Judge James E. Boasberg are seen as a significant setback to the Trump administration. With more on where this is headed, we are joined by ALLISON HOFFMAN, a Law Professor at the University of Pennsylvania and a Senior Fellow at the Leonard Davis Institute for Health Economics, as well as a Visiting Professor and Distinguished Senior Fellow at Yale Law School, and DAVID SUPER, a Professor at Georgetown Law.

Then, European Parliament has passed a sweeping copyright law that could have a major impact on big tech companies. Facebook, Google, Twitter and social media platforms would be required to sign licensing agreements with musicians, authors and news publishers in order to post their content.  They would also become legally responsible for copyright infringements by their users, something they have fought hard against. Internet tech giants were the only organizations protesting this move, and academics and internet freedom advocates joined them.  So what does this new law mean? We are joined by POLK WAGNER, Law Professor at the University of Pennsylvania, and by STEVEN WILF, Professor of Global Commerce at the University of Connecticut School of Law.

Next, how does the law protect consumers when making large financial decisions?  Our guest, RICHARD CORDRAY may have a few answers. He was the first director of the Consumer Financial Protection Bureau that was formed in the wake of The Great Recession as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  In his five years leading the CFPB, Cordray was tasked with assuring consumers were no longer harmed by the actions of banks, lenders and other financial companies. In 2017, Cordray returned to his home state of Ohio, where he’d previously served as state treasurer and attorney general, to run for Governor. But if we go back further in the time, some of you might know Cordray from the game show “Jeopardy!” In 1987, he was an undefeated five-time “Jeopardy!” champion. Cordray is now a Distinguished Policy Fellow with the Leo Model Foundation Government Service & Public Affairs Initiative at the University of Pennsylvania Law School.

Finally, is the era of the American McMansion behind us? Real estate markets in various parts of the country are dealing with this issue as there are too many large, high-end houses on the market and not enough buyers for these properties. Many of these homes were bought or built by baby boomers, who find as they get older, their needs have changed.  But younger generations don’t seem to want to be saddled to these big properties because of various factors including finances, different tastes, or the desire to be closer to metropolitan centers. Joining us to look at this growing problem is BENJAMIN KEYS, Assistant Professor in the Real Estate Department at The Wharton School as well as a Faculty Research Fellow with the National Bureau of Economic Research, and DOWELL MEYERS, a Professor of Policy, Planning and Demography at the University of Southern California’s Price School of Public Policy. He is also Director of the Popular Dynamics Research Group.

Air Date: Thursday, April 4, 2019 on SiriusXM 132

Hosted By

Allison Hoffman and David Super

Air Time: 10:00 am
Featuring: Allison Hoffman, David Super

Richard Cordray

Air Time: 11:00 am
Featuring: Richard Cordray

Benjamin Keys and Dowell Meyers

Air Time: 11:30 am
Featuring: Dowell Meyers, Benjamin Keys

Featured Guests

Allison Hoffman

Professor of Law, University of Pennsylvania Law School


Allison K. Hoffman, an expert on health care law and policy, is a Professor of Law at University of Pennsylvania Law School and a senior fellow at the Leonard Davis Institute of Health Economics. In Spring 2019 she will be the Oscar M. Reubhausen Distinguished Senior Fellow and Visiting Professor of Law at Yale Law School. Professor Hoffman’s work examines some of the most important legal and social issues of our time, including health insurance regulation, the Affordable Care Act, Medicare and retiree healthcare expenses, and Medicaid and long-term care. Her research aims to bring greater descriptive and analytical clarity to the purposes of health regulation and how it both reflects and shapes our views on distributing risk. She is co-editor of the Oxford Handbook of U.S. Health Law (2017), the most comprehensive review of U.S. health law in the post-ACA era.

Professor Hoffman was awarded the 2018 Robert A. Gorman Award for Excellence in Teaching. Her classes include Health Care Law and Policy, Torts, and Health Insurance and Reform. She is Chair Emeritus of the Insurance Law Section of the Association of American Law Schools.

Professor Hoffman graduated summa cum laude from Dartmouth College and from Yale Law School. Professor Hoffman has extensive work experience in the health care industry. She practiced health law at Ropes & Gray, LLP and advised health care companies on business strategy as a consultant at The Boston Consulting Group and The Bridgespan Group. From 2010-2017, Hoffman was a member of the UCLA School of Law faculty and, prior to that, was a fellow at Harvard’s Petrie-Flom Center for Health Law Policy, Biotechnology, and Bioethics.

Professor Hoffman’s current project, “Health Care’s Market Bureaucracy” critiques the overinfluence of economic theory and market-based policies on the modern development of health care regulation. Professor Hoffman’s scholarship is published in leading law journals and peer reviewed health law, health policy, and medical journals. Her expertise and scholarship have been recognized in Tax Notes, cited by the D.C. Circuit, and featured by national media outlets, including The New York Times, The Huffington Post, the Wall Street Journal, Reuters, Morningstar, CNBC, the New York Daily News, and Marketplace by American Public Media.
Full Profile

David Super

Professor of Law, Georgetown University Law Center


David A. Super is a Professor at the Georgetown University Law Center, specializing in administrative law, health law, legislation, local government law, and public welfare law. In addition to Georgetown, he also has taught law at Columbia, Harvard, Howard, Maryland, Penn, Washington & Lee, and Yale and taught public policy at Princeton. Prior to entering the legal academy, he served for several years as the general counsel for the Center on Budget and Policy Priorities and worked for Community Legal Services in Philadelphia.
Full Profile

Richard Cordray

Distinguished Policy Fellow, University of Pennsylvania School of Law


Richard Cordray is a lawyer and politician who was the Democratic nominee for Governor of Ohio in 2018. Previously, Cordray served as the first Director of the Consumer Financial Protection Bureau (CFPB) from 2012 to 2017. Prior to his appointment, Cordray variously served as Ohio’s Attorney General, Solicitor General, and Treasurer. In 2008, he received a Financial Services Champion award from the U.S. Small Business Administration and a Government Service Award from NeighborWorks America.  In 2005, he was named “County Leader of the Year” by American City & County Magazine.

Earlier in his career, Cordray was an adjunct professor at the Ohio State University College of Law (1989-2002), served as a State Representative for the 33rd Ohio House District (1991-1993), was the first Solicitor General in Ohio’s history (1993-1994), and was a sole practitioner and Of Counsel to Kirkland & Ellis (1995-2007).  Cordray is a graduate of Michigan State University, Oxford University, and the University of Chicago Law School.  He was Editor-in-Chief of the University of Chicago Law Review and later clerked for U.S. Supreme Court Justices Byron White and Anthony Kennedy.
Full Profile

Dowell Meyers

Professor of Policy, Planning, and Demography, Director of Population Dynamics Research Group, Sol Price School of Public Policy at the University of Southern California


Dowell Meyers is a professor in the Sol Price School of Public Policy at the University of Southern California. He is a demographer and urban planner who integrates quantitative evidence with interpretations of problems and policy solutions. His research emphasizes the linkage of demographic data (census, surveys, and projections) to future trends in housing, workforce, education, taxpaying, voting, and immigration. His recent focus is construction of narratives that promote greater public understanding about pressing issues that affect our common future.
Full Profile

Benjamin Keys

Assistant Professor, Department of Real Estate; Faculty Research Fellow, National Bureau of Economic Research, The Wharton School


Ben Keys studies issues related to household finance, mortgage finance, real estate, applied econometrics, labor economics, and urban economics. Prior to joining the faculty of the Wharton School Department of Real Estate, Keys was an Assistant Professor at the Harris School of Public Policy and Co-Director of the Kreisman Initiative on Housing Law and Policy at the University of Chicago. Previously, he worked as a staff economist at the Board of Governors of the Federal Reserve System in the Division of Research and Statistics. His recent research has focused on subprime mortgages, credit cards, personal bankruptcy, student loans, the unbanked, and alternative financial services.

Keys serves on the editorial boards of the Review of Financial Studies and Management Science. In 2015, he was named a Faculty Fellow of the Center for Financial Security at the University of Wisconsin-Madison, and in 2016 was named a Faculty Research Fellow of the National Bureau of Economic Research (NBER). Keys is a member of the Academic Research Council of the Housing Finance Policy Center at the Urban Institute.

His publication, “Did Securitization Lead to Lax Screening? Evidence from Subprime Loans,” was published in the Quarterly Journal of Economics, awarded Best Paper at the Mitsui Conference on Credit Risk, Citigroup Best Paper Award at the Centre for Analytical Finance Summer Research Conference, and EuroBank Best Paper Award at the European Finance Association Conference. He was the recipient of the 2009 American Real Estate and Urban Economics Association Dissertation Award, and received honorable mention for the 2009 Upjohn Institute Dissertation Award. In 2014, his paper “Failure to Refinance” received the CoreLogic Academic Research Council (CLARC) Excellence Award. His work has been profiled in the Economist, Wall Street Journal, New York Times, and Washington Post, among other publications.

Keys holds a B.A. in economics and political science from Swarthmore College and an M.A. and Ph.D. in economics from the University of Michigan. Before graduate school, he worked at the Brookings Institution as a senior research assistant.


Ph.D. in Economics, University of Michigan, 2009.

M.A. in Economics, University of Michigan, 2005.

B.A. in Economics and Political Science, Swarthmore College, 2001.

National Bureau of Economic Research – http://www.nber.org/
Full Profile

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