Economic Impact Study of BlueCross BlueShield of Tennessee

Authors: William F. Fox, Lawrence M. Kessler, Alex S. Norwood

Publication Date: April 30, 2018

This economic report, completed by the Boyd Center for Business and Economic Research, describes many of the BlueCross BlueShield of Tennessee (BCBST) benefits noting the unique benefits to the state of having its headquarters in Chattanoogaand regional offices with headquarters-like functions across Tennessee. This is an important distinction and economic benefit relative to BCBST’s competitors. The report specifically looks at the statewide economic benefits of BCBST, including its foundation and subsidiaries, in 2017 – analyzing the direct, indirect and induced impacts the company has on income, employment and taxes in Tennessee. In addition to the quantitative economic impact, the report examines the company’s effects onboth the Chattanooga community and state of Tennessee in several intangible ways – from its employees volunteering around the community to its charitable donations and awards.

An Economic Report to the Governor of the State of Tennessee, 2018

Authors: Matthew N. Murray, William F. Fox, Matthew Harris, Lawrence M. Kessler, Vickie C. Cunningham, Mary Elizabeth Glenn

Publication Date: January 1, 2018

This 2018 volume of An Economic Report to the Governor of the State of Tennessee is the forty-second in a series of annual reports compiled in response to requests by state government officials for assistance in achieving greater interdepartmental consistency in planning and budgeting efforts sensitive to the overall economic environment. Both short-term, or business cycle-sensitive forecasts, and longer-term, or trend forecasts, are provided in this report. Tennessee forecasts, current as of December 2017, are based on an array of assumptions, particularly at the national level, which are described in Chapter One. Chapter Two details evaluations for major sectors of the Tennessee economy, with an agriculture section provided by the University of Tennessee Institute of Agriculture. Chapter Three presents the long-run outlook and forecast for the state. Chapter Four discusses the opioid epidemic and the implications it has for labor markets across the state of Tennessee. The primary purpose of this annual volume—published, distributed, and financed through the Tennessee Department of Finance and Administration, Tennessee Department of Economic and Community Development, the Tennessee Department of Revenue, and the Tennessee Department of Labor and Workforce Development—is to provide wide public dissemination of the most-current possible economic analysis to planners and decision-makers in the public and private sectors.

The Impact of TennCare: A Survey of Recipients, 2017

Authors: LeAnn Luna, Emily K. Pratt

Publication Date: December 1, 2017

The Boyd Center for Business and Economic Research at the University of Tennessee, under contract with the Department of Finance and Administration of the State of Tennessee, conducted a survey of Tennessee residents to ascertain their insurance status and use of medical facilities and their level of satisfaction with the TennCare program. A target sample size of 5,000 households allows us to obtain accurate estimates for subpopulations. The Boyd Center prepared the survey instrument in cooperation with personnel from the Division of TennCare.

Inability to Collect Sales Tax on Remote Sales Still Harms the Economy

Authors: William Fox

Publication Date: November 6, 2017