Monday, November 24, 2014
Improving Health Care Is Billionaire Peterson’s Next Mission
Peter Peterson, the Blackstone Group LP co-founder who has championed the cause of U.S. debt reduction, is now taking aim at some $800 billion in annual waste in the nation’s health-care system.
The billionaire’s New York-based Peter G. Peterson Foundation will announce a $200 million offshoot next month, the Peterson Center on Healthcare. The new organization boasts a boldface-name advisory board -- including Microsoft Corp. co-founder Bill Gates -- and big goals. Peterson and his son Michael Peterson, the president of the foundation, are seeking to further slow the increase in U.S. health-care costs while improving care for patients....