The 2008 financial crisis threw into sharp relief the issue of “too-big-to-fail” (TBTF)—the challenge posed by financial institutions that were bailed out on concerns that their failure would cause damage to the rest of the financial system and the overall economy.
Many Americans are anxious about their retirement prospects. In fact, a recent Gallup poll found that not having enough money for retirement is the number one financial worry among Americans. For some, this concern is justified, as they face the daunting prospect of running short of money in their later years.
Thirteen years after 9/11, al-Qaeda has not successfully conducted another attack inside the United States, nor has it conducted any attacks in the West since the bombings on London’s transportation system in 2005.
The United States spends more on health care per capita than any other nation in the world, and yet its citizens are not the world’s healthiest. The vast majority of U.S. health care spending—an estimated 84 percent—is associated with chronic diseases and conditions such as diabetes and heart disease.
The recent financial crisis made clear that insufficient attention was paid to sources of systemic risk that can threaten the stability of the financial system and, with it, the real economy. Moreover, the crisis showed that it is critical for government officials to have and be able to use the tools necessary to prevent and mitigate systemic threats.
In early 2014, the Bipartisan Policy Center’s (BPC) Health Project began discussions with a diverse set of health care experts and stakeholders on issues related to physician payment reform and transitioning to alternative systems of payment and delivery.