Johnson & Johnson CEO says healthcare policy redesign should take decades, not days

Congressional Republicans' goal to repeal the ACA and pass replacement legislation this summer is too hasty, according to Johnson & Johnson Chairman and CEO, Alex Gorsky.

During an interview with "Bloomberg Daybreak: Americas," Mr. Gorsky said the main challenge lawmakers are faced with is, "How do we provide high-quality healthcare in a sustainable way?" This has been the focal point of the health reform debate for many years, even before the ACA.

"I think we still have a lot of slicing and dicing to do," Mr. Gorsky said. "It's our hope that we find some kind of bipartisan approach, and I would also say that it's likely that for the next 10 or 20 years, this is something we're going to have to be working on because it's so important."

An aging baby boomer generation means the proportion of adults that require more frequent and complex healthcare services will increase. This fact will challenge the industry's ability to lower healthcare spending while improving quality of care and outcomes, according to Mr. Gorsky. He also noted the need to "figure out how do we continue to reward innovation, and how do we make sure we don't compromise the quality of care for patients."

View the full interview here.

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