Political and Legal information on the Health Care Debate. View our freshly updated You Tube videos about health care on the right hand side of this blog. Includes ideas from politicians concerning Universal Health Care. Information on all things health insurance related from Medicare to short term health insurance.
Monday, October 15, 2007
Business group urges end of employer-based health care
Silicon Valley / San Jose Business Journal
Health care costs threaten future economic growth in the U.S. and today's employer-based system is faltering and should be replaced by an insurance system driven by consumer choice, according to a report released Monday.
The report released by the Committee for Economic Development, a non-profit organization of more than 200 business leaders and university presidents, says employer insurance is failing "because of rapid cost increases and the inability to provide high-value care."
Robert Chess, chairman of San Carlos-based Nektar Therapeutics (NASDAQ:NKTR), trustee of the Committee for Economic Development (CED) and co-chair of its health-care subcommittee, said, "There are successful models for consumer choice of insurance plans, including the federal employees plan. The CED proposal builds on the best of those ideas and adds some new ones to achieve affordable, sustainable, quality coverage for all Americans."