Washington – As part of today’s Business Roundtable CEO Innovation Summit, top leaders from business and government participated in a panel discussion on “Improving Health Care through Innovation.” The conversation featured CVS Health President and CEO Larry Merlo, Marriott International President and CEO Arne Sorenson and Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma. Paige Winfield Cunningham, National Reporter for The Washington Post, moderated the discussion.
Innovation BRT Innovation Summit: Improving Health Care through Innovation
Click the image above to watch the full “Improving Health Care through Innovation” panel featuring Larry Merlo, Arne Sorenson, Seema Verma and The Washington Post’s Paige Winfield Cunningham (moderator).
Highlights:
Larry Merlo, President and CEO of CVS Health, on using technology to help consumers make health care decisions:
"Benefit designs are pushing accountability and decision-making to the consumer of health care. What we’re trying to do is bring more tools and more education so that they are making that informed decision."
Arne Sorenson, President and CEO of Marriott International, Inc., on providing health care tools and training to empower employees:
"We’ve taken those two words: ‘Take care,’ and converted them into a very basic but really essential training that includes health care connectivity. So that we say to our associates, ‘Learn to control your life, in financial planning, healthy living, diet, exercise--but also here is the way for you to navigate the healthcare system.'"
CMS Administrator Seema Verma, on harnessing technology to address the challenge of rising health care costs:
"One of the challenges that we're facing, which I think everyone is facing, whether it's someone going in to pick up prescription drugs or businesses, is the high cost of health care. And we’re looking at, by 2026, 1 in every 5 dollars are going to be spent on health care. And so, from our perspective, as we're looking at big issue problems and how we're going to pay for health care, we really feel like leaning into technology is a way to provide more efficient care, more coordinated care."
More information about the Business Roundtable CEO Innovation Summit, including additional highlights and upcoming panels, can be found at BusinessRoundtable.org/InnovationSummit.