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CFO: Health Care Rises on CFO Priority Lists

August 29, 2013, 07:13 AM
Filed Under: Industry News reports chief financial officers are far more involved in their employers’ health-care strategies than they were before the Affordable Care Act (ACA) was signed into law in 2010, new research indicates.

In a Towers Watson survey of benefits managers at 420 large and midsized employers, participants were asked to rate the extent of increased involvement by their companies’ CFOs compared to “three to five years ago.” Responses to the survey, expected to be publicly released in about a month, were on a five-point scale where one meant “not at all” and five stood for “a great extent.”

Almost half – 46% – gave the CFO a rating of five or four, while a further 29% cited a moderate degree of increased involvement. Only 7 percent said the finance chief was no more engaged in health care now than several years ago.

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