
Bob Kocher, MD, is a partner at the venture-capital firm Venrock Associates, adjunct professor at Stanford Medical School, and senior fellow at the Schaeffer Center for Health Policy and Economics at the University of Southern California. He was special assistant to President Barack Obama for health care and economic policy from 2009 to 2010. Peter R. Orszag is a Bloomberg Opinion columnist. He is a vice chairman of investment banking at Lazard. He was director of the Office of Management and Budget from 2009 to 2010, and director of the Congressional Budget Office from 2007 to 2008. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
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