B School for Public Policy

Better-informed policymaking through a deeper understanding of economics.

Attend monthly, 90-minute classroom-style sessions on Capitol Hill. Perfect for policy professionals, each “master class” covers a different issue in business and economics. Learn in an intimate and interactive experience taught by faculty from Penn and Wharton — one of the world’s leading institutions for business education.

Featured Content:

Regulating Robo Advisors: Old Policy Goals, New Challenges

Financial “robo advice”—an automated service that ranks or matches consumers to financial products—has gained significant attention in the investment industry and on the Hill, but there has not yet been a consensus on how to regulate these new services. Robo advisors often are on par with and can exceed the standards of human advices, but they don’t fit into the category of fiduciary, and therefore won’t be held to the same regulatory standard that humans advisors are. Nonetheless, they are subject to systemic risks and the potential for abuses that can hurt consumers. Professors Tom Baker and Benedict Dellaert offer a regulatory trajectory to follow as the technology of robo advisors continues to develop and expand.

Stabilizing Individual Health Insurance Markets

Between the recent exits of several insurers from the health insurance exchanges, and the repeated attempts earlier this year to repeal and replace the Affordable Care Act, there has been much concern about the stability of the individual insurance market. This seminar will examine the sources and scope of individual market instability and review current proposals for market stabilization, while exploring how federal or state level subsidized reinsurance programs, including “invisible high risk pools,” might help.