CEOs write prescription for health-care overhaul

September 16, 2014 4:30 PM

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CEOs write prescription for health-care overhaul

The government has implemented reimbursement reforms under the Affordable Care Act that aim to cut costs, but with private employers and their workers footing the bill for nearly half of the nation's $2.7 trillion in health-care spending, the council CEOs think that by working together companies can leverage their market power to do more.

"We can all make these incremental changes that we've all made, we can continue the wellness plan, but the question is really with long-term thinking—how do we drive to a long-term change?" said council member Brian Moynihan, CEO of Bank of America.

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