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Published: June 14, 2012

‘Current Healthcare System Does Not Work for American Families,’ Says Caesars Entertainment Corporation CEO

Urges Reform Independent of Pending U.S. Supreme Court Ruling

In an op-ed published yesterday in U.S. News & World Report, Gary Loveman, Chairman, CEO and President of Caesars Entertainment Corporation, and Chair of Business Roundtable’s (BRT) Health and Retirement Committee, wrote:

  • “In what may be one of the most consequential rulings in recent history, the U.S. Supreme Court will soon decide the fate of the Affordable Care Act. Regardless of the outcome, America's healthcare system will still cost too much for American workers and their families.”
  • “[BRT CEOs] firmly believe that greater transparency, more consumer choice, and a stronger private market will lead to increased efficiency, higher quality, and lower costs.”
  • “An unnecessarily costly healthcare system shackles U.S. productivity and economic growth. A healthier workforce with access to high-quality affordable healthcare options would create a stronger foundation for sustained growth and increased U.S. competitiveness.”
  • “What we know for sure is that when it comes to the current healthcare law, whether or not the court ends it, Congress and the administration will need to mend it. The system we have today does not work for American families, and the Supreme Court ruling will not change that.”

Click here to read the full op-ed.   

As providers of health insurance coverage to nearly 40 million beneficiaries, BRT CEOs stand for affordable, quality healthcare that delivers greater value to American families. 

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.

BRT companies give nearly $9 billion a year in combined charitable contributions.

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