Lazard CEO and Chairman Peter Orszag Authors Guest Essay in The New York Times
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On December 16, The New York Times published a guest essay by Lazard CEO and Chairman Peter Orszag, “Why Both Republicans and Democrats Are Wrong About Health Care,” exploring the opportunities to reduce health care costs by tackling regional variation in physician decisions, outdated payment incentives, and billions in avoidable waste.
In the piece, Peter explains that the U.S. health care reform debate focuses too much on who pays, rather than on the underlying drivers of high costs. He argues that the real fix for U.S. health care is reducing unnecessary, high-cost treatments by changing physician practices and payment models, not just shifting who pays the bill. His proposed solutions include faster adoption of AI tools to guide evidence-based treatment, uniform malpractice standards that protect doctors following certified guidelines, and moving away from fee-for-service payment models toward bundled payments.
Read the full essay here.
About Lazard
Founded in 1848, Lazard is the preeminent financial advisory, private capital advisory, and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters. Lazard also advises private markets sponsors and investors on primary fundraising, secondary transactions, and GP capital solutions, and provides asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.
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