Executive Speaker Series Keynote with Former CEO of Safeway, Steven Burd
Health Care That Works - For Employers and Employees
Health care reform is a complicated issue for employers and employees that has many factors to consider such as financial viability, sustainability, quality, accessibility rights and fairness. Join us Tuesday, April 22, 2014 for the School of Economics and Business Administration's Executive Speaker Series event featuring business executive and thought leader Steven Burd, former president and CEO of Safeway and current founder and CEO of Burd Health as he discusses health care reform and
- The current challenges and opportunities
- The role of business leaders
- The role of employees
- The impact on the future business
Location: Claeys Lounge, Soda Activity Center
1928 St. Mary's Road, Moraga, CA
Parking: Saint Mary's is an active campus. Please leave yourself time to find parking in one of our visitor lots highlighted on the campus map.
RSVP: Registration for this event is required. RSVP today!
6 p.m. – Registration & Networking (food & beverages provided)
6:30 p.m. – Welcome, Introductions and Keynote Presentation
7:30 p.m. – Q&A Session
8 p.m. – Networking Reception
Keynote Speaker: Steven Burd, CEO of Burd Health
Burd served as Safeway’s CEO for an unprecedented 20 years. During his tenure, the company outperformed the S&P 500 on total shareholder return by 34%. This achievement is particularly noteworthy given the narrow margins of the supermarket sector and the dramatic changes in the food retailing environment.
While at Safeway, Burd was an active participant in the policy discussions that led to the Affordable Care Act. In addition to testifying before several committees, he addressed both the Republican and Democratic caucuses of the U.S. Senate. While Burd argued for a market-based solution to the nation’s healthcare challenges; these discussions did lead to an amendment to the Affordable Care Act, making it the only amendment that passed among dozens that were proposed. The so-called “Safeway” amendment permits self-insured employers to differentiate employee healthcare premiums (based on behavior) as much as 30% of total cost and potentially 50%.
Safeway is recognized throughout the business community for holding its employee and employer per capita healthcare costs nearly flat for eight years while national healthcare costs have advanced more than 70%. This was accomplished by introducing a market-based solution that strengthened personal accountability, created employee incentives to encourage healthy behavior and provided transparency for healthcare services. Burd believes that a market-based solution to healthcare could lower the nation’s healthcare cost $800 billion per year. Given the magnitude of Medicare and Medicaid spending, this level of reduction could make a meaningful contribution to lowering the nation’s debt level.
Burd is now engaged full time in the healthcare sector. He recently formed a company, Burd Health, to help large self-insured employers manage their healthcare costs.
Questions? PLease contact Rachel Wood, email@example.com.