Business Services Industry
Whole Foods executive advocates move to consumer-driven plans.(News)
Business Insurance, February, 2005 by Geisel, Jerry
Byline: JERRY GEISEL WASHINGTON-Employers should stop offering traditional health insurance plans to their employees, says the top executive of one of the nation's best-known food markets. Unless employers have core competence in providing coverage, "they should get out,'' said John Mackey, chairman and chief executive officer of Austin, Texas-based Whole Foods Market Inc.
Speaking last week at the 2nd annual World Health Care Congress in Washington, Mr. Mackey said employers have revealed their "incompetence'' in the health care arena, referring to their inability to keep health care costs under control. Whole Foods itself, which Mr. Mackey and two other entrepreneurs launched in 1980 and through internal growth and acquisition has become a natural...
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