Healthcare Reform: Finance Executives Fear Loss of Control
Little did we know back in January, when we first surveyed finance executives concerning their company healthcare costs, that we would be debuting the findings of our survey within what appears to be a rather pivotal week for healthcare reform.
Earlier this week, President Obama for the first time provided a detailed road map for what he wants a health overhaul to look like — and today, of course, the president is convening an all-day televised healthcare “summit” at Blair House. The event, seen by many as a political maneuver, is intended to jump-start the reform movement.
No matter what its intended purpose may be, the gathering in Washington serves as an interesting backdrop to the discussions taking place daily inside the finance departments of large, medium-size, and small companies.
That discussion is not about whether finance executives are pro or con healthcare reform. There has always been an acknowledged need for change here, and the possibility of new business opportunities is something finance executives savor along with the rest of business. The healthcare discussion taking place in finance departments really concerns control.
How CFOs View Healthcare Reform
For instance, more than half of the finance executives surveyed believe they will have less control to manage healthcare costs in the wake of reform measures. What’s more, a majority of survey takers (61 percent) believe the legislation lacks personal responsibility for health. more





