Carl Schramm and Robert Litan
Carl J. Schramm
Carl J. Schramm is president and chief executive officer of the Ewing Marion Kauffman Foundation. Schramm is trained both as an economist and lawyer. He began his career on the faculty of Johns Hopkins University and emerged as a respected thinker in health care finance, regulation, and insurance. He founded the Johns Hopkins Center for Health Care Finance and Management in 1980, the first such research center in the nation. While at Hopkins, he led the country’s only post-doctoral training program in health finance, sponsored by the Robert Wood Johnson Foundation. His academic work in this period included the American Assembly volume on health care costs.
Schramm left the university to head the Health Insurance Association of America where many industry-wide innovations in health insurance were developed. He later became executive vice president of Fortis (now Assurant) and president of its health insurance operations. He developed several innovations at Fortis including transition coverage for recent college graduates. He has served as a board member of other U.S. and foreign insurance and reinsurance companies.
An active entrepreneur, Schramm was a cofounder of HCIA, Inc. and Patient Choice Health Care. He founded Greenspring Advisors, a consulting and merchant banking firm in the health information and risk management industries. Among the firm’s clients were insurance and reinsurance companies including Blue Cross plans; industrial firms such as Ford and Johnson & Johnson; and, venture capital funds.
Besides many leading academic journals, Schramm’s work has appeared in Foreign Affairs, The Wall Street Journal and the New England Journal of Medicine. He currently has two books under way. The first with Will Baumol and Robert Litan is Capitalism, Entrepreneurship and Prosperity (Yale 2006). The Entrepreneurial Imperative (Harper Collins) will appear in summer 2006. He is a contributing editor of Inc. magazine.
Robert Litan
Robert Litan is vice president of Research and Policy at the Kauffman Foundation.Litan has been affiliated with The Brookings Institution for nearly 20 years, first as a Senior Fellow and since 1996 as director of Economic Studies and holder of Cabot Family Chair in Economics. At Brookings, he led a team of economists monitoring the global economy and seeking answers to economic policy issues in the U.S. and around the world. The group’s rigorous, independent research was designed to increase the public's understanding of how the economy works and how to make it better. During his time with Brookings, Litan authored or co-authored more than 25 books and 200 articles for professional journals and magazines. He co-founded and serves as the Director of the AEI-Brookings Joint Center on Regulatory Studies.
Litan has had a distinguished career in public service. He served on the staff of the Council of Economic Advisers (1977-79), as Deputy Assistant Attorney General in the Antitrust Division of the Justice Department (1993-95), and Associate Director of the Office and Management and Budget (1995-96). He also has been a consultant to the Treasury Department on financial policy issues.
Litan received his B.S. degree in Economics, graduating summa cum laude, from the Wharton School Department of Finance at the University of Pennsylvania; his J.D. from Yale Law School; and both a Master of Philosophy and Ph.D. in Economics from Yale University.
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