Federal Med Mal Reform Will Help Reduce Deficit, Orszag Writes
Posted Aug 8, 2011 2:31 PM CST
By Stephanie Francis Ward
Enacting federal medical malpractice reform can help the county improve its credit rating, former White House Office of Management and Budget director Peter R. Orszag wrote today in a column for Bloomberg View.
Now chairman of global banking at Citi Group, Orszag strongly advocates reducing the deficit as a solution to U.S. economic problems. In addition to allowing the federal tax cuts to expire and reforming Social Security, Orszag wrote, the government needs to recognize that an “important driver” of the nation’s long-term deficit is health care costs. His column notes that the The Affordable Care Act, which became a law in March 2010, provides tools that help contain cost growth.
Orszag also wrote a separate piece on limiting health care costs, published in the July/August 2011 issue of Foreign Affairs.