Peter Orszag

130 Added | 2 Magazines | 45 Followers | @PeterOrszag | US Economist, Vice Chair at Citigroup and Columnist at Bloomberg View

Left-Handed? Prepare to Earn Less

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A Party Hack Would Ruin the CBO

The Congressional Budget Office should be able to celebrate its 40th anniversary this coming February with pride. The agency plays a crucial role in …

A New Do-Nothing Congress

The question of the day is, What difference will it make if Republicans take the Senate?<p>The backdrop is a highly polarized political environment. …

Let People Shop for Health Care

If people knew the prices of medical treatments, and if they paid partly from their own pockets, they might shop around and save money. This stands …

Private Companies Are Driving China's Growth

In China, the conventional wisdom holds, state-owned enterprises dominate the economy, private companies are often starved for credit, and the …

What Tattoos Tell Us About the Economy

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Patient Health Doesn't Explain Cost Differences

The Washington Post Style section recently declared that a new Brookings Institution report has "upended health-care research." The reality is more …

Inequality Starts With Your Employer

Rising inequality in the amount of money Americans earn turns out to be mostly explained by where they work. And that may help solve another puzzle …

Math + Statistics = Great Beach Reading

If you have a vacation coming up in August and you're looking for a fun book to read that will also enlighten you, it would be hard to beat Jordan …

Expensive Hospitals Aren't Any Better

The good news about health-care spending continues. In the first nine months of this fiscal year, Medicare spending increased only 1.2 percent in …

Why Do More Men Commit Suicide?

Robin Williams's death has brought welcome attention to the very real problem of suicide in the U.S. From 2000 to 2011, suicides increased to 12.3 …

Why This Merger Boom Is Different

As one can sense from all the news about mergers and acquisitions lately, these deals are booming again worldwide. What's new this time is that …

Born in 1988? Sorry.

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Do-Nothing Congress Is Your Fault

The most important problem facing our national government is political polarization, because it makes governing virtually impossible -- unless one …

A Better Fix for Medical Malpractice

I have long believed that reforming U.S. medical malpractice laws could bring significant benefits, and new research supports that notion. Before …

Fear of Failure Is Dragging U.S. Down

American children are having fewer accidents than they once did, and our natural inclination is to cheer the news. The rate of "nonfatal fall …

The Real Problem With the 'Doc Fix'

As policy-making disgraces go, last week's House of Representatives vote for a temporary "doc fix" to avoid a cut in Medicare payments to doctors is …

Sometimes Brand-Name Drugs Really Are Better

When you go to the pharmacy for aspirin, do you buy Bayer or the private-label generic alternative offered by chains such as CVS? The price for …

Will Burwell Corral Health-Care Costs?

In the past several months, health-care costs outside Medicare may have accelerated, even as Medicare spending growth remains remarkably low. This is …

Your Diet Coke Won't Kill You

When I was director of the Congressional Budget Office, I was testifying so frequently to the Senate Finance Committee that the chairman granted me a …

Stopping the Spike in Health-Care Costs

During the past six months, spending on health care in the U.S. has accelerated substantially, new data on gross domestic product suggest. Naturally, …

Why Have Americans Stopped Moving?

Americans are much less mobile than we think. Almost 70 percent of us who were born in the U.S. still live in the state of our birth, as only 1.5 …

Toward a Progressive Tax Policy

In the hoopla over whether Thomas Piketty’s data on growing global inequality are correct, an important question about how to address the problem has …

Health-Care Jobs Are Getting Squeezed, Finally

Evidence is spreading that health-care costs are growing much more slowly than before. Now, it's not just a flattening in Medicare spending; the …

Yes, We Can Trim Medicare Spending

More than 90 percent of all Medicare spending goes to treating the two-thirds of beneficiaries who suffer from more than one chronic health problem. …

Marrying Your Equal Boosts Inequality

Feb. 5 (Bloomberg) -- Rich and poor Americans are slowly but surely staking out separate lives. Increasingly, they have been moving to different …

Government Jobs Shouldn’t Be Soul-Killing

Dec. 18 (Bloomberg) -- The budget deal making its way through Congress this week may provide some reprieve from perpetual Washington dysfunction. …

The Vital Medical Research Obama Isn’t Pushing

Jan. 28 (Bloomberg) -- The growth in Medicare costs continues to be slow, in what is perhaps the most encouraging fiscal development for the U.S. in …

Why Aren’t Imports Growing Faster Than GDP?

Jan. 30 (Bloomberg) -- Today’s report of fourth-quarter U.S. gross domestic product reveals an odd feature of this recovery: As the economy has …