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Article: Is a health care executive on board? The health care industry is one tough business--breeding a pool of board candidates experienced in dealing with the most difficult challenges facing Corporate America today.(DIRECTOR RECRUITMENT)
- Article from:
- Directors & Boards
- Article date:
- January 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IN THE UNITED STATES, most companies, regardless of industry, are health care companies. That is because our health benefits system is based primarily upon having employers pay all or part of the premium costs for an employee's family health care insurance benefits. The amount these employers spend on health care premiums has been increasing every year--increasing more quickly than any other company expense. It is no longer unusual for an automaker to spend more on health care--for each car it produces--than on steel. As a result, it is no surprise that a Hewitt Associates study of 650-plus major U.S. firms found 96 percent of CEOs and CFOs "critically or significantly" ...