Last updated on: 11/2/2017 | Author:

Peter R. Orszag, PhD Biography

Former Director of the Office of Management and Budget (OMB)
Pro to the question "Is the Patient Protection and Affordable Care Act (Obamacare) Good for America?"

“The ACA [Patient Protection and Affordable Care Act] not only will extend health care coverage to millions of Americans but also will enact many policies specifically aimed at reducing the amount we are spending on health care and, by changing the delivery system, reducing the rate of growth in health care costs over time. Indeed, one of the essential aspects of the legislation is that unlike previous efforts, it does not rely on just one policy for effective cost control. Instead, it puts into place virtually every cost-control reform proposed by physicians, economists, and health policy experts and includes the means for these reforms to be assessed quickly and scaled up if they’re successful. By enacting a broad portfolio of changes, the ACA provides the best assurance that effective change will occur. Moreover, by taking a multifaceted approach that includes hard savings plus the mechanisms for creating a dynamic health care system, it enables physicians, hospitals, and other providers to consistently improve outcomes, boost quality, and reduce costs as health care evolves.”

“Health Care Reform and Cost Control,” New England Journal of Medicine, June 16, 2010

Involvement and Affiliations:
  • Vice Chairman and Managing Director, Lazard Freres & Co LLC
  • Former Nonresident Senior Fellow in Economic Studies, Brookings Institution
  • Former Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group, Citigroup, Inc
  • Former Distinguished Visiting Fellow, Council on Foreign Relations (CFR)
  • Director, Office of Management and Budget (OMB), Jan. 2009–July 2010
  • Director, Congressional Budget Office, Jan. 2007–Dec. 2008
  • Senior Fellow in Economic Studies, Brookings Institution, Aug. 2001–Jan. 2007
  • Joseph A. Pechman Fellow in Tax and Fiscal Policy, Brookings Institution, Oct. 2001–Jan. 2007
  • Codirector, Tax Policy Center, Brookings Institution, Feb. 2003–Jan. 2007
  • Deputy Director of Economic Studies, Brookings Institution, July 2006–Jan. 2007
  • Director, Hamilton Project, Feb. 2005–Jan. 2007
  • Director, Retirement Security Project, Georgetown University, Jan. 2004–Jan. 2007
  • Research Professor, Georgetown University, Jan. 2005–Jan. 2007
  • Director, Competition Policy Associates, Inc., May 2003–Jan. 2007
  • Senior Director, Sebago Associates, Inc., Mar. 2002–Jan. 2007
  • President, Sebago Associates, Inc., Aug. 1998–Feb. 2002
  • Lecturer, University of California at Berkeley, Jan. 1999–Dec. 2000
  • Consultant, McKinsey & Company, June 1998–Aug. 1998
  • PhD, Economics, London School of Economics, 1997
  • MSc, with distinction, Economics, 1992
  • AB, summa cum laude, Economics, 1991
  • Special Assistant to the President for Economic Policy, National Economic Council, White House, Nov. 1997–May 1998
  • Senior Economic Adviser to the President for Economic Policy, National Economic Council, White House, Jan. 1997–Oct. 1997
  • Senior Adviser to the Council, Council of Economic Advisers, Executive Office of the President, May 1996–Nov. 1996
  • Senior Economist, Council of Economic Advisers, Executive Office of the President, July 1995–May 1996
  • Professional Research Staff, Centre for Economic Performance, London School of Economics, Oct. 1994–June 1995
  • Staff Economist, Council of Economic Advisers, Aug. 1993–July 1994
  • Economic Adviser, Macroeconomic and Fiscal Unit, Ministry of Finance, Russian Government, Jan. 1993–Aug. 1993
  • Research Officer, Centre for Economic Performance, Sep. 1992–Aug. 1993
Quoted in:
  1. Will the health care reform laws decrease the federal deficit?