A September 2009 report issued by Business Roundtable and prepared by Hewitt Associates found that if present health care cost trends continue, the cost to provide an employee with health care will increase from $10,000 to $28,000 over ten years. According to the Business Roundtable Health Care Value Index, these massive cost increases would severely damage the competitiveness of companies and thus must be addressed.
Now, as Congress moves forward with legislation, the Business Roundtable continues to see health care reform and cutting costs as a priority.
“The escalating burden these costs place on employers, individuals and the government is not sustainable,” said the association in a statement. “We believe that many of the delivery-system reforms under consideration will make significant strides towards reducing the cost burden on purchasers, while improving access to and quality of the care provided. These provisions must not only be protected, but strengthened during the health care reform negotiations including new steps towards medical liability reform which is essential to any health care cost containment strategy.”
Made up of CEOs of leading U.S. companies with nearly $6 trillion in annual revenues and more than 12 million employees, the Business Roundtable has a significant interest in affordable healthcare as Business Roundtable companies provide health care coverage to more than 35 million employees, retirees, and their families.
Additionally, the association’s opinion holds sway with lawmakers as member companies comprise nearly a third of the total value of the U.S. stock markets and pay more than 60 percent of all corporate income taxes paid to the federal government.
“Congress should continue to work in a bipartisan manner to pass legislation that will reduce costs, improve quality, expand coverage and avoid disruption of the benefits currently provided by employers to employees, retirees and their families. The economic and human consequences of not addressing the cost spiral are too great to quit. We are committed to continue fighting for reform done right,” said John J. Castellani, President of Business Roundtable.
Edited by Ben Lobel
Now, as Congress moves forward with legislation, the Business Roundtable continues to see health care reform and cutting costs as a priority.
“The escalating burden these costs place on employers, individuals and the government is not sustainable,” said the association in a statement. “We believe that many of the delivery-system reforms under consideration will make significant strides towards reducing the cost burden on purchasers, while improving access to and quality of the care provided. These provisions must not only be protected, but strengthened during the health care reform negotiations including new steps towards medical liability reform which is essential to any health care cost containment strategy.”
Made up of CEOs of leading U.S. companies with nearly $6 trillion in annual revenues and more than 12 million employees, the Business Roundtable has a significant interest in affordable healthcare as Business Roundtable companies provide health care coverage to more than 35 million employees, retirees, and their families.
Additionally, the association’s opinion holds sway with lawmakers as member companies comprise nearly a third of the total value of the U.S. stock markets and pay more than 60 percent of all corporate income taxes paid to the federal government.
“Congress should continue to work in a bipartisan manner to pass legislation that will reduce costs, improve quality, expand coverage and avoid disruption of the benefits currently provided by employers to employees, retirees and their families. The economic and human consequences of not addressing the cost spiral are too great to quit. We are committed to continue fighting for reform done right,” said John J. Castellani, President of Business Roundtable.
Edited by Ben Lobel
