Conference Highlights Need for Cooperative Efforts to Rein in Health Care Costs

“Governments and the private sector need to work together to offer innovative solutions for health promotion, disease prevention and treatment that will help address the rising health care costs and challenges presented by aging populations,” stated Nicole Denjoy, chair of the Task Force on Health Care Policy at the Business and Industry Advisory Committee to the OECD, USCIB’s affiliate.  “We need to move from sick care to health care.”

Speaking to over 100 senior policymakers, business figures and academics gathered in Paris for the OECD 50th Anniversary Health Conference on meeting the challenges of aging and multiple morbidities, co-sponsored by BIAC, Ms. Denjoy, the secretary general of COCIR (European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry), highlighted the business case for greater collaboration with governments to generate improved health outcomes and greater efficiency in the future.

She said businesses, as contributors to health budgets, employers of older workers, and providers of goods and services, have a vested interest in reducing the overall cost burden, while increasing efficiency and quality of health care.  Close cooperation with governments will help incentivize the business community to make the necessary investments today that will yield the solutions needed for tomorrow.

Despite big improvements in health since the founding of the OECD in 1961, health policies have been slow to adapt to new challenges. Ms. Denjoy said.  Addressing the health care needs of the future requires urgent attention from policymakers as the transformation for the health care system takes years to develop and implement.

Read more on BIAC’s website.

Staff contact: Helen Medina

More on USCIB’s Health Care Working Group

OECD website

 

Staff Contact:   Brian Lowry

Senior VP, Innovation, Regulation, and Trade
Tel: 202.617.3159

Brian Lowry leads USCIB’s policy work on trade, health, food, agriculture, chemicals, and intellectual property. He also coordinates USCIB’s engagement in the Asia-Pacific Economic Cooperation (APEC) forum. Lowry joined USCIB in February 2021 having previously worked as an executive in the agriculture and crop science industry. Through his role as an executive, Lowry was also a longtime USCIB corporate member leader, as well as co-chair of USCIB’s working group on the UN Sustainable Development Goals and Post-2015 Development Agenda. Lowry was also the first board chair of the UN Global Compact Network USA.
Read More

Related Content