Health care costs remain top concern for CFOs

Despite all the recent discussion about Social Security reform, chief financial officers in the United States say that rising health care cost remains their top concern, according to a survey by Duke University and CFO Magazine. Data come from a survey of 293 CFOs in the U.S. who expect health care costs to increase by 9 percent this year.

“Nearly two-thirds of U.S. CFOs say that it is very important for Congress to address the cost of health care, and another 29 percent say that it is somewhat important,” says John Graham, professor of finance at Duke’s Fuqua School of Business and director of the survey. “A similar percentage say that it is important for Congress to address the budget deficit. Only 31 percent say that it is very important to implement Social Security reform.”

Business leaders say how important it is for Congress to act on certain issues this year

Source: Business Outlook Survey/United States, 1st Quarter, 2005, Duke University, CFO Magazine

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