May 28, 2015

John Templeton Foundation Awards $5 Million to Mercatus Center at George Mason University

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Pioneering health care research will receive a boost at the Mercatus Center at George Mason University, thanks to a $5 million award from the John Templeton Foundation. 

The three-year grant will support innovative health care research at the Mercatus Center, the world’s leading university source for market-oriented ideas. Research will focus on better understanding the economic implications of the Affordable Care Act (ACA)—including the ACA’s effects on entrepreneurship, employment, and health care costs—as well as alternative means of providing not just health care coverage but better health to the American people. 

“This grant will significantly advance our research into the fiscal and economic effects of the ACA, as well as improving the sustainability of the other major health entitlements, Medicare and Medicaid,” said Charles Blahous, senior research fellow at the Mercatus Center.  “We are honored and tremendously grateful that the John Templeton Foundation recognizes the value of our health care research through its generous support.”

The Affordable Care Act passed as a law designed to curb the rising costs of health care, cover uninsured Americans with minimal disruption to those already covered, and reduce the federal deficit.  The Mercatus Center’s research will analyze the ACA’s effects since implementation and lead to a fuller understanding of its implications. 

“The institutional structures of health care strongly influence not only our health, but also our freedom and prosperity,” said Robert Graboyes, senior research fellow at the Mercatus Center at George Mason University. “Thanks to the John Templeton Foundation’s generosity, we will expand our work on discovering ways to provide better health for more people at a lower cost, year after year.” 

“We at the John Templeton Foundation are excited that the accomplished team at Mercatus is tackling this important issue,” said Roberta Herzberg, assistant director of individual freedom and free markets at the John Templeton Foundation.  “While many are critical of the current US health care system, including the Affordable Care Act, reforming that system requires careful thought, not only as to what the problems are, but what the alternatives can be. We expect investing at this critical time will bear significant returns in our understanding of the U.S. health care dilemma and how it may be solved.” 

About the John Templeton Foundation

The John Templeton Foundation funds independent research and public engagement, pursuing breakthrough discoveries to expand our current knowledge about the universe, the full potentials of humanity, and life's ultimate purpose. The Foundation's motto, "How little we know, how eager to learn," exemplifies its support for open-minded inquiry, commitment to rigorous scientific research and related scholarship, and encouraging civil, informed dialogue among scientists, scholars, theologians, and the public at large. 

About George Mason University

George Mason University is the largest and most diverse university in Virginia, with students from all 50 states and over 135 countries. Ranked as the number one “up-and-coming” university in the nation by U.S. News & World Report, Mason is an innovative, entrepreneurial institution with global distinction.  With professors conducting groundbreaking research in numerous fields, George Mason University is a leading example of the modern, public university.

About the Mercatus Center at George Mason University

The Mercatus Center at George Mason University is the world’s premier university source for market-oriented ideas—bridging the gap between academic ideas and real world problems. A university-based research center, Mercatus advances knowledge about how markets work to improve people’s lives by training graduate students, conducting research, and applying economics to offer solutions to society’s most pressing problems. Founded in 1980, the Mercatus Center is located on George Mason University’s Arlington campus.