Business Roundtable Statement on House Vote on Health Care Bill

WASHINGTON--(Business Wire)--
"We are disappointed by the passage of a House bill that we cannot support. The
House legislation contains many provisions that will threaten the coverage that
177 million Americans currently have through the employer-based system. Not only
does it establish a government-run health plan, but it includes a "play or pay"
mandate for employers that would limit the flexibility employers have to develop
innovative plans for our employees.

"In addition, the bill fails to meet the bipartisan goal of controlling costs.
To get health care reform right, we need to bend the cost curve for all
Americans. The government-run plan would just shift costs to employers: first,
by shrinking and unbalancing the pool of individuals covered by private
insurance and second, by reimbursing providers at a sub-market rate. This won`t
just hurt businesses, it will hurt the millions of workers who have coverage
through their employers.

"We need to work together to preserve the best of America`s health care system -
including employer-sponsored coverage - while expanding those benefits to all
Americans and reducing costs. We urge Congress to keep this in mind as they
reconcile the House and Senate bills, and ask them to create an open,
all-inclusive market for health insurance.

"We remain committed to working with Congress and the White House to get health
care reform done and get it done right," said John J. Castellani, President of
Business Roundtable.

Business Roundtable is an association of chief executive officers of leading
U.S. companies with nearly $6 trillion in annual revenues and more than 12
million employees. Member companies comprise nearly a third of the total value
of the U.S. stock markets and pay more than 60 percent of all corporate income
taxes paid to the federal government. Annually, they return more than $167
billion in dividends to shareholders and the economy.

Business Roundtable companies provide health care coverage to more than 35
million employees, retirees, and their families.

Please visit us at www.businessroundtable.org, check us out on Facebook and
LinkedIn, and follow us on Twitter.

Business Roundtable
Kirk Monroe, 202-496-3269

Copyright Business Wire 2009