Uwe Reinhardt is the James Madison Professor of Political Economy. He is recognized as one of the nation’s leading authorities on health care economics and has been a member of the Institute of Medicine of the National Academy of Sciences since 1978. He is also a past president of the Association of Health Services Research. Reinhardt’s research interests include health policy and fiscal/monetary policy. From 1986 to 1995 he served as a commissioner on the Physician Payment Review Committee, established in 1986 by Congress to advise it on issues related to the payment of physicians. He is a senior associate of the Judge Institute for Management of Cambridge University, UK, and a trustee of Duke University, and the Duke University Health System. Reinhardt is or was a member of numerous editorial boards, among them the Journal of Health Economics, the Milbank Memorial Quarterly, Health Affairs, the New England Journal of Medicine, and the Journal of the American Medical Association. Ph.D. Yale University.