Long Beach Memorial Medical Center Release: Corporate, Health Execs Meet Thursday, Oct. 27 At 7:30 A.M. To Address Solutions To High Health Care Costs

Execs from Boeing, MemorialCare Medical Centers, Dameron Foundries, Orange County Business Council, State Senate Tackle Health Crisis For Information, Contact Susan Solomon - 562/480-4266 or 562/933-1811 Media are Invited to Attend the Event or Arrange for Phone or In-Person Interviews

With the nation’s health care spending spiraling to $2 trillion annually -- more than 15 percent of the gross domestic product -- the annual premium for employer-sponsored coverage is expected to reach $12,500 per family in 2005 with an additional $2,713 paid out of the average worker’s pocket.

Learning to manage health care’s cost AND quality is paramount to the nation’s medical and fiscal health. Thursday, Oct. 27 from 7:30 to 9 a.m. at Hyatt Regency, Irvine, leading Los Angeles and Orange County business, health care and political experts will meet with 100 top business leaders for an open dialogue about the costs of health care and to formulate ideas for actions that make a difference in the marketplace.

The expert panel includes Boeing Company Space and Intelligence Systems CEO Howard Chambers, Dameron Alloy Foundries CEO John Dameron, Orange County Business Council and Center for a New Orange County president Wallace Walrod, State Senate Minority Leader Dick Ackerman and Barry Arbuckle, PhD, president, MemorialCare Medical Centers in Los Angeles and Orange Counties, recently named Top Healthcare Executive Team in the U.S. by HealthLeaders Magazine.

“With fewer California adults covered by company-sponsored health plans, government health plans in peril, lowered reimbursement rates for hospitals and doctors and health care taking a bigger share of the U.S. economy every year, we need answers quickly,” explains Dr. Arbuckle. “This Thursday’s session will offer an open and honest dialogue about the cost of health care and will formulate ideas for actions that make a difference in the marketplace. We need to find answers quickly. With all its talent and initiative, Southern California can be the place where real solutions take form.”

WHO: Expert Panel + 100 Corporate and Health Care Executives WHAT: Program to Identify Solutions to the Southland’s Health Crisis WHEN: Thursday, Oct. 27, 7:30-9 a.m. at Hyatt Regency, 17900 Jamboree Rd, Irvine

Long Beach Memorial Medical Center

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