Bloomberg View columnist Peter R. Orszag is a vice chairman of investment banking at Lazard Freres & Co. He was President Barack Obama’s director of the Office of Management and Budget from 2009 to 2010 and the director of the Congressional Budget Office from 2007 to 2008.
Vice chairman and managing directorLazard Freres & Co.
For the past five years, Chicago has kept its healthcare bill for employees and retirees roughly flat, at about $450 million a year. And reflected in this success are reforms that hold much promise for the future.