Business Roundtable Statement on Ways and Means Health Care Committee Hearing

WASHINGTON--(BUSINESS WIRE)-- “We commend the Ways and Means Committee for examining the potential impact of the health care reform law on the economy and employers’ ability to hire. We encourage Congress to look at health care reform as an ongoing process – more work is needed. If done right, health care reform should slow rising costs, improve the quality of care and increase access to care for all Americans.

“Our member CEOs are committed to promoting solutions that will leverage private market competition to drive innovation, efficiency and consumer choice, while reducing health care spending trends. We will continue to offer Congress and the Administration business’ perspective on how to address this ongoing challenge with solutions that will strengthen our economy and the competiveness of our nation,” said Business Roundtable President John Engler.

Business Roundtable is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees. Business Roundtable member companies comprise nearly a third of the total value of the U.S. stock markets, invest more than $114 billion annually in research and development – nearly half of all private U.S. R&D spending, pay more than $179 billion in dividends to shareholders and the economy and play a significant role in the competitiveness of small businesses, serving as key customers of their goods and services and providing them with access to world markets.

Business Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving.

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Business Roundtable
Kirk Monroe, 202-496-3269

KEYWORDS:   United States  North America  District of Columbia

INDUSTRY KEYWORDS:   Public Policy/Government  Healthcare Reform  Congressional News/Views  Public Policy  White House/Federal Government  Professional Services  Other Professional Services