Issue link: https://beckershealthcare.uberflip.com/i/856453
35 35 CEO/STRATEGY Colorado Healthcare Commission Calls for 'Extraordinary Public Leadership' By Leo Vartorella T he Colorado Commission on Af- fordable Health Care released a re- port June 30 calling for "extraordi- nary public leadership" from state officials if they hope to keep healthcare costs down for state residents, according to The Den- ver Post. e report suggests maintaining more trans- parency in the field and creating a database of average procedure costs so patients can com- pare prices across hospitals and providers. It also calls for more thorough data analytics from the state so they can better understand the information they collect. "Just as no single factor is responsible for our high and rising healthcare costs, no single policy solution will be adequate to meet this challenge," the report states. n After CEOs Visit White House, Companies See Boost in Stock Returns By Leo Vartorella A new study that utilized the open White House visitor logs of the Obama administration found companies whose CEOs visited 1600 Pennsylvania Avenue often saw a boost in stock returns, according to Harvard Business Review. Researchers from the University of Illinois and the National Bureau of Economic Research analyzed logs of CEOs who visited the White House between 2009 and 2015 and also looked at those companies' stock returns 10 days before and 40 days after each visit. They found the cumulative abnormal return to be about 0.865 percent during this window. Researchers suggest these companies may have undue influence over politicians to extract political favors or these business leaders simply provide relevant information that allows for informed policy decisions, though it is not possible to know for sure the reasoning behind the increased returns. n The most up-to-date information on major health-related policies and their financial implications The AICPA Health Care Industry Conference covers the issues that affect your day-to-day role. Join us for an intensive discussion of the challenges and opportunities specific to your industry. Health Care Industry Conference Save $75 register by 9/25/17 Please visit: AICPAStore.com/Beckers17 Nov. 8–10 • Denver, CO © 2017 Association of International Certified Professional Accountants. All rights reserved.