This is a critical time for the Affordable Care Act, the health care reform law passed by Congress last year. There is much at stake – for businesses, for consumers and for our economy. At the Bay Area Council, we believe the entire business community can and must play an active and vocal role in keeping cost control at the center of the health care reform bull’s-eye.
Rising health care costs continue to be a scourge on our economy, sapping resources and capital, and hampering our efforts to put the Great Recession behind us and start creating jobs. While the current economic malaise has reduced the rate at which costs are increasing, spending on health care nationwide continues to outpace the economy. Projecting from the latest figures from the California HealthCare Foundation, California health care spending has risen by 225 percent over the past two decades.