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Secretary Gary Locke appeared on CNBC’s “Closing Bell” to talk about why health insurance reform is critical for American businesses. Continuing the discussion from his op-ed in The Wall Street Journal last week, Locke stressed that the status quo will prevent companies from growing, result in more Americans losing their health coverage and cripple the U.S. economy in the long term. Rising health care costs have put U.S. firms at a competitive disadvantage and contributed to flat wages, as more and more revenues are going toward the cost of health care. Reform is critical and will result in greater efficiency and smarter delivery of care, Locke said. (Video)
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