Stefan Felder holds the Interpharma professorship “Health Economics” at the University of Basel. He was Professor at the University of Magdeburg and at the University of Duisburg-Essen in the Departments of Economics and Medicine. He has published widely in international journals and written the Springer textbook “Medical Decision Making: A Health Economic Primer”. He has been active in consulting both public and private institutions and in writing columns on questions of health care and insurance.