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Quality, Affordable Health Care for All
Date:10/15/2007

Business-Led Group Urges Comprehensive Reform, End to Employer Insurance System

WASHINGTON, Oct. 15 /PRNewswire-USNewswire/ -- Health care costs threaten future U.S. economic growth. Today's employer-based system is faltering and should be replaced by an insurance system driven by cost-conscious consumer choice. Those are the central findings of Quality, Affordable Health Care for All: Moving Beyond the Employer-Based Health-Insurance System, released today by the business-led Committee for Economic Development (CED).

"Employer insurance is failing because of rapid cost increases and the inability to provide high-value care. CED's report explains that quality, affordable universal coverage is neither achievable nor sustainable unless we transform the delivery model. Health delivery systems need an independent but transparent regulatory process to achieve productivity and innovation. The CED plan is not Medicare for all, and it is not markets for all," said Dr. Jerome Grossman, Senior Fellow, John F. Kennedy School of Government and Director of the Harvard/Kennedy School Health Care Delivery Policy Program. Dr. Grossman is a CED Trustee and co-chair of the CED Health-Care Subcommittee that produced the report after two years of research and discussion by CED's Trustees and health care experts.

"There are successful models for consumer choice of insurance plans, including the federal employees plan," said Robert Chess, Chairman Nektar Therapeutics. Mr. Chess is also a CED Trustee and co-chair of the CED Health-Care Subcommittee. "The CED proposal builds on the best of those ideas and adds some new ones to achieve affordable, sustainable, quality coverage for all Americans."

Key Findings of Quality, Affordable Health Care for All:

-- The U.S. employer-based health insurance system is failing. The cost of insurance is rising unsustainably - faster than wages. More employers are dropping or curtailing coverage than expanding cover
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SOURCE The Committee for Economic Development
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