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Home>Peter Orszag

Peter Orszag

Recent Articles from Peter Orszag

Guest Commentary January 31, 2014

Peter Orszag: The vital medical research Obama isn’t pushing

The growth in Medicare costs continues to be slow, in what is perhaps the most encouraging fiscal development for the U.S. in decades. If the health care system is to continue to provide better value for Americans, policy makers need to seize this moment. Sadly, they are instead largely sitting on the sidelines.

Guest Commentary December 6, 2013

Peter Orszag & Cass R. Sunstein: Give people choices, not edicts

Over the past few years, many nations have adopted policies that promise to improve people’s lives while preserving their freedom of choice. These approaches, informed by behavioral economics, are sometimes called nudges. Nudges include disclosure policies, as in the idea that borrowers should “know before they owe.”

Guest Commentary September 27, 2013

Peter Orszag: Economy can’t be all that’s slowing health care costs

A new set of projections released last week by Medicare’s actuaries has drawn much attention, in part because it suggests the deceleration in the growth of health costs we’ve seen over the past few years is ephemeral. The actuaries attribute the slowdown to the “lingering effects of the economic downturn and sluggish recovery” and to increases in cost sharing.

Guest Commentary August 14, 2013

Peter Orszag: With so many jobs, why so little hiring?

An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies are advertising a lot more jobs, in other words, but not filling them.

Guest Commentary August 9, 2013

Peter Orszag: Will Medicare fixes lead to hospital mergers?

Improving the U.S. health-care system requires encouraging low-value doctors and hospitals to practice as well as high-value ones do. The gap between the two is wide, but that only shows how much room we have for improvement.

Guest Commentary April 10, 2013

Peter Orszag: Chained CPI’s diminishing returns for U.S. budget

News that the White House will propose a new cost-of-living index in the budget it releases this week has brought joy to deficit scolds and consternation to defenders of Social Security.

Guest Commentary March 27, 2013

Peter Orszag: It’s the perfect time to fix our roads and bridges

Roads, bridges and other infrastructure in the United States are steadily growing older and weaker. Given low interest rates and elevated unemployment, this is an ideal moment to invest in fixing them.

Guest Commentary March 22, 2013

Peter Orszag: Medicare cost slowdown could close U.S. budget gap

New evidence that the slowdown in health care costs over the past five years is happening not only because of a weak economy comes from the Economic Report of the President, released in mid-March by the President’s Council of Economic Advisers.

Guest Commentary February 13, 2013

Peter Orszag: More college grads equals faster economic growth

As the U.S. population ages, and with the effects of the financial crisis promising to linger for some time, economic growth will be lower than we would like. This is why the federal government needs to do more to help Americans earn college degrees.

Guest Commentary December 14, 2012

Peter Orszag: Fiscal cliff may unbuild America

If you want a concrete example of the unanticipated harm that could come from the United States going over the fiscal cliff, look no further than Build America Bonds, an efficient and alternative way to subsidize state and local investments.

Guest Commentary October 24, 2012

Peter Orszag: Pension funding scare won’t frighten all states

State and local governments, struggling to emerge from the aftermath of the financial crisis, face another looming funding gap: in their public pensions. These plans hold almost $3 trillion in assets and cover more than 10 percent of U.S. workers, so they’re an important force in the economy.

Guest Commentary December 23, 2011

State lawmakers can’t find common ground either

The political wrangling in the U.S. recently over the extension of the payroll-tax holiday illustrates once again the new era of hyperpolarization. The gap between the two parties is wide, and few policymakers stand in the middle. The traditional model of centrist legislating is broken.

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