New Study Shows Health Care Costs Put U.S. Workers at Significant Disadvantage Compared with Global Competitors.
Date: Mar 12, 2009
Words: 1152
Publication: Business Wire
Study Reveals 'Health Care Value Gap,' Underscores Need for Reform
WASHINGTON --
Business Roundtable, an association of chief executive officers whose companies provide health care for more than 35 million Americans, today released the first annual Business Roundtable Health Care Value Comparability Study, which shows that the costs and performance of the U.S. health care system have put America's companies and workers at a significant competitive disadvantage in the global marketplace. (...)
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"On a weighted scale, the results show that U.S. workers and employers receive 23 percent less value from our health care system than the average of five leading economic competitors - Canada, Japan, Germany, the United Kingdom and France (the "G-5 group") - and 46 percent less value than the average of emerging competitors Brazil, India and China (the "BIC group").1"
This study shows a significant health care value gap," said Ivan Seidenberg, ..."The study points to a serious need for health care reform that puts customers in the center and uses the power of the market to lower costs, improve quality, create more consumer choice and expand accessibility." The study also shows that, as a group, the G-5 countries spend approximately 63 cents for every dollar the United States spends on health care - yet the health of the U.S. workforce lags by 10 percent in a composite measure. The gap is even wider in relation to rising economic powers: the three BIC countries spend just 15 percent of what we spend on health care, yet the health of the U.S. workforce trails that of BIC countries by five percent. (The above is excerpted from a post I found on Crooks and Liars. The link for the entire article is
http://us.select.mercer.com/blurb/145847/article/20096312/Please, please, please, use every resource available to enlighten members of the Angry Group about this nation's dire need for health insurance reform."