Replies to post #25167 on Tornado Alley (PROG)

[F6]

(BSNS WIRE) Two-Thirds of CFOs Do Not Believe Medical Liability Reform
Will Substantially Lower Health Care Costs According to CFO Magazine Survey

Business Editors

BOSTON--(BUSINESS WIRE)--March 1, 2005--

According to a new survey of 295 senior finance
executives, only 29% believe that the Bush Administration's proposal
to cap jury awards in medical liability cases will have much effect on
health care costs. The survey also found that health care costs are a
major worry for CFOs -- 78% are very concerned that these costs are
harming profits.

The main action CFOs are taking in response is to shift health
costs to employees through higher employee contributions to insurance
premiums, higher co-pays, and increased deductibles. But only 20%
think they can continue to shift costs to employees without harming
morale.

The survey was conducted by CFO magazine in December 2004.

About CFO Publishing

CFO and CFO.com are owned by CFO Publishing, an Economist Group
business. With a rate base of 450,000, CFO is the leading business
publication for C-level and senior financial executives. CFO reaches
an international audience of corporate leaders with its global group
of magazines, including CFO IT, CFO Europe, CFO Asia, and CFO China.
Each month, CFO.com reaches an audience of over 235,000 senior
executives and provides a comprehensive resource center and strategic
forum for online discussions. For more information, please visit
http://www.cfo.com .

CONTACT INFORMATION:
The Totenberg Group
Jill Totenberg, 212-994-7363
[e-mail]
or
CenterStage Communications
Chris McManus, 718-832-9154
917-324-0808
[e-mail]

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