- Bendheim Professor of Health Care Management
- Professor of Business Economics and Public Policy at the Wharton School
- Professor of Medical Ethics and Health Policy
- University of Virginia, PhD, Economics
- University of Delaware, MA, Economics
- Xavier University, AB, Classical Languages
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 the Medicare Technical Advisory Panel. He is the newly elected President of the American Society of Health Economists (ASHEcon) and an active member of the Institute of Medicine. 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. 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. He is currently studying the impacts of national health care reform and the Affordable Care Act. 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.
Dr. Pauly teaches courses in cost effectiveness analysis, health policy and regulation, and health economics. He co-founded the Roy and Diana Vagelos Life Sciences and Management Program at the University of Pennsylvania in 2005, and continues to serve as Emeritus Faculty Co-Director. He is Co-editor-in-chief of the International Journal of Health Economics and Management, and an associate editor of the Journal of Risk and Uncertainty.
Dr. Pauly was awarded the William B. Graham Prize for Health Services Research from the Baxter International Foundation and the Association of University Programs in Health Administration in 2012. He was the 2011-2012 recipient of the University of Pennsylvania Provost’s Award for Distinguished PhD Teaching and Mentoring and the 2012 recipient of the Victor R. Fuchs Lifetime Achievement Award from ASHEcon. In 2007, Dr. Pauly received the John M. Eisenberg Excellence in Mentoring award from the Agency for Healthcare Research and Quality, and the "Distinguished Investigator” award from AcademyHealth. His papers have won Article of the Year awards from the Academy for Health Services Research and the American Risk and Insurance Association. His paper with co-author M. Kate Bundorf, "Is Health Insurance Affordable for the Uninsured?" (Journal of Health Economics, July 2006) was recognized by the National Institute of Health Care Management Foundation as the best research paper published in 2006.