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Regence Optimistic About Health Industry Leaders' Pledge to Cut Health Care Costs
Date:5/11/2009

PORTLAND, Ore., May 11 /PRNewswire/ -- The following statement is from Regence BlueCross BlueShield President and CEO Mark Ganz. It is in response to today's announcement by a group of private-sector health industry leaders to decrease the U.S.'s annual health care spending growth rate to save as much as $2 trillion over the next ten years:

"I support the health industry's commitment to help control health care costs in our nation. We are a country that spends more than 15 percent of our GDP on health care - a number that threatens to rise, is unsustainable and is a mark of inefficiency - so today's announcement is a helpful step. As we know, spending isn't the only issue on the table in health reform, and cooperation across the health care sector is crucial as Congress and the administration work on reforms to bring quality, affordable health care to all Americans.

"It's been recognized universally that each player in the health care industry must show its commitment to improving our nation's health system, and Regence is chief among the proponents. For all of us, the test is not what we say about health reform, it's what we do, so translating today's announcement into concrete savings is key.

"This collective commitment aligns with Regence's multi-year effort to contain health care costs. Our pharmacy benefit management program has provided more than $700 million in savings over the past nine years, and our case management programs help to reduce costs for our members by tens of millions of dollars each year.

"As a member of the board of America's Health Insurance Plans (AHIP), I have advocated for fixing our nation's broken health care system. Across the spectrum of health-related industries, we must continue to have these kinds of forward-thinking conversations in order to achieve real change in our nation's sickly health care system; otherwise old culture will defeat new strategie
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SOURCE Regence
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