Stephen T. Parente (born 1965) is an American

health economist Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improv ...

. He currently serves as a Professor of Finance and the Minnesota Insurance Industry Chair at the

Carlson School of Management The Curtis L. Carlson School of Management is the business school of the University of Minnesota, a public research university in the Twin Cities of Minneapolis and Saint Paul, Minnesota. The Carlson School offers undergraduate and graduate degr ...

and Finance at the

University of Minnesota The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Tw ...

. In April 2017, President

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

nominated Parente to be

Assistant Secretary for Planning and Evaluation The Office of the Assistant Secretary for Planning and Evaluation (ASPE) is the principal advisory group to the United States Secretary of the Department of Health and Human Services (HHS) on policy development and provides coordination and supp ...

in the

United States Department of Health and Human Services The United States Department of Health and Human Services (HHS) is a cabinet-level executive branch department of the U.S. federal government created to protect the health of all Americans and providing essential human services. Its motto is ...

Education

He received his Ph.D. in health care finance in 1995 from

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hem ...

, his M.P.H. in 1989 from the

University of Rochester School of Medicine and Dentistry The University of Rochester Medical Center (URMC), now known as UR Medicine, is located in Rochester, New York, is one of the main campuses of the University of Rochester and comprises the university's primary medical education, research and pat ...

, his M.S. in public policy analysis in 1988, and his B.S. in 1987 from the

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of Roc ...

Research

Parente's research focuses on health insurance markets and specifically

consumer-driven health care Consumer-driven healthcare (CDHC), or consumer-driven health plans (CDHP) refers to a type of health insurance plan that allows employers and/or employees to utilize pretax money to help pay for medical expenses not covered by their health plan. ...

. In addition, he has peer-reviewed publications on health care reform, health information technology, health care entitlements such as Medicare and

Medicaid Medicaid in the United States is a federal and state program that helps with healthcare costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and pers ...

, and the assessment of consumer choice. He currently has over 100 peer-reviewed publications and has been quoted and interviewed about his work in the ''New York Times'', ''Washington Post'', National Public Radio, the

PBS NewsHour ''PBS NewsHour'' is an American evening television news program broadcast on over 350 PBS The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virg ...

, ''USA Today'' and the ''Wall Street Journal''. He has published in peer-reviewed journals on health reform, medical technology assessment and consumer choices in health and wealth management including ''JAMA'', ''Inquiry'', ''Health Services Research'', ''Business Economics'', ''Health Economics'', the ''Journal of Health Economics'' and ''Medical Care''. He has managed as principal investigator a grant portfolio of over $8 million in grants and contracts. In addition to health insurance, his funded research at the University of Minnesota has focused on medical care productivity, Medicare reform, health care e-commerce, and the national impact on health information technology on productivity and cost. In particular, his research predicted the premium increases associated with the

Patient Protection and Affordable Care Act The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Presi ...

of 2010.

Career

He has served as chair of the

Health Care Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

Cost Institute and Health Adviser to the

Congressional Budget Office The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages ...

. He has been the longest serving director of the Medical Industry Leadership Institute (MILI). The medical industry specialization has made Carlson the number two school in the world for health care MBA jobs post-graduation. He is the founding director of the Medical Valuation Laboratory, a nine college interdisciplinary effort to accelerate medical innovation from scientists, clinicians, and entrepreneurs. He led the development of Carlson's Industry MBA program, a novel online one-year MBA program designed for U.S. congressional staffers focused on the finance, technology, health, and energy industrial sectors. The program was recognized as a top ten business education innovation in ''Poets and Quants''. He previously served as a Legislative Fellow for Sen.

Jay Rockefeller John Davison "Jay" Rockefeller IV (born June 18, 1937) is a retired American politician who served as a United States senator from West Virginia (1985–2015). He was first elected to the Senate in 1984, while in office as governor of West Virg ...

(D-WV) and a senior health policy advisor to the 2008 presidential campaign of Sen.

John McCain John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and United States Navy officer who served as a United States senator from Arizona from 1987 until his death in 2018. He previously served two terms ...

(R-AZ).

Trump administration

In April 2017, President

nominated Parente to be the

in the

. The position requires confirmation by the U.S. Senate. His nomination was eventually withdrawn. Parente worked as a senior economist for the

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

, and he was appointed to help oversee the allocation of hospital funding in the

Coronavirus Aid, Relief, and Economic Security Act The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2trillion Stimulus (economics), economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2 ...

References

{{DEFAULTSORT:Parente, Stephen T. 1965 births Living people Health economists Carlson School of Management faculty University of Rochester alumni Trump administration personnel