FAIR Health Elects Phyllis Borzi to Board of Directors

NEW YORK, Oct. 20, 2021 /PRNewswire/ -- The FAIR Health Board of Directors has elected the Honorable Phyllis C. Borzi, JD, MA, the former US Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA), to the Board. A national, independent nonprofit organization dedicated to bringing transparency to healthcare costs and health insurance information, FAIR Health is governed by a Board comprising leaders from all parts of the healthcare sector.

Confirmed by the US Senate in 2009, Ms. Borzi retired as the US Assistant Secretary of Labor for EBSA in 2017. During her tenure, EBSA oversaw nearly 708,000 private-sector retirement plans, approximately 2.8 million health plans and a similar number of other welfare benefit plans that are covered by the Employee Retirement Income Security Act of 1974 (ERISA) and that provide benefits to approximately 150 million workers and their families. Ms. Borzi led the Department's efforts to implement the Affordable Care Act, the Mental Health Parity and Addiction Equity Act, the Genetic Information Nondiscrimination Act and other health and pension laws. She also represented the Secretary of Labor on several governmental boards, including the Board of Directors of the Pension Benefit Guaranty Corporation, which the Secretary chairs, and as Trustee of the Social Security and Medicare Trust Funds.

Previously, Ms. Borzi was a research professor in the Department of Health Policy at George Washington University Medical Center's School of Public Health and Health Services. In addition, she was Of Counsel with the Washington, DC, law firm of O'Donoghue & O'Donoghue LLP, specializing in ERISA and other legal issues affecting employee benefit plans, including pensions and retirement savings, health plans and discrimination based on age or disability. From 1979 to 1995, Ms. Borzi served as Pension and Employee Benefit Counsel for the US House of Representatives, Subcommittee on Labor-Management Relations of the Committee on Education and Labor.

Ms. Borzi is currently a member of the Board of Visitors of the Columbus School of Law at Catholic University and also represents retirees as a fiduciary on the committee governing the Goodyear Retiree Health Care Trust. She serves on the Institute for the Fiduciary Standard Board of Advisors and is a charter member and former President of the American College of Employee Benefits Counsel, serving on its Board of Governors from 2000 to 2008. In addition, Ms. Borzi sits on the Edelman Financial Engines Board of Directors and is an independent consultant, continuing to advise private sector clients and state and local governments and pursue her lifelong commitment as an advocate for consumers.

Sara Rosenbaum, Chair of FAIR Health's Board of Directors, said, "Having known of Phyllis's work and contributions to bettering healthcare for all Americans for nearly 30 years, I know how fortunate FAIR Health is to have her as a Board member."

"It is a great honor to have Ms. Borzi join this esteemed body of healthcare leaders," commented Robin Gelburd, President of FAIR Health. "Her record of service in public and private life will make her a valuable addition to our Board."

About FAIR Health
FAIR Health is a national, independent nonprofit organization that qualifies as a public charity under section 501(c)(3) of the federal tax code. It is dedicated to bringing transparency to healthcare costs and health insurance information through data products, consumer resources and health systems research support. FAIR Health possesses the nation's largest collection of private healthcare claims data, which includes over 35 billion claim records and is growing at a rate of over 2 billion claim records a year. FAIR Health licenses its privately billed data and data products—including benchmark modules, data visualizations, custom analytics and market indices—to commercial insurers and self-insurers, employers, providers, hospitals and healthcare systems, government agencies, researchers and others. Certified by the Centers for Medicare & Medicaid Services (CMS) as a national Qualified Entity, FAIR Health also receives data representing the experience of all individuals enrolled in traditional Medicare Parts A, B and D; FAIR Health includes among the private claims data in its database, data on Medicare Advantage enrollees. FAIR Health can produce insightful analytic reports and data products based on combined Medicare and commercial claims data for government, providers, payors and other authorized users. FAIR Health's systems for processing and storing protected health information have earned HITRUST CSF certification and achieved AICPA SOC 2 compliance by meeting the rigorous data security requirements of these standards. As a testament to the reliability and objectivity of FAIR Health data, the data have been incorporated in statutes and regulations around the country and designated as the official, neutral data source for a variety of state health programs, including workers' compensation and personal injury protection (PIP) programs. FAIR Health data serve as an official reference point in support of certain state balance billing laws that protect consumers against bills for surprise out-of-network and emergency services. FAIR Health also uses its database to power a free consumer website available in English and Spanish, which enables consumers to estimate and plan for their healthcare expenditures and offers a rich educational platform on health insurance. An English/Spanish mobile app offers the same educational platform in a concise format and links to the cost estimation tools. The website has been honored by the White House Summit on Smart Disclosure, the Agency for Healthcare Research and Quality (AHRQ), URAC, the eHealthcare Leadership Awards, appPicker, Employee Benefit News and Kiplinger's Personal Finance. FAIR Health also is named a top resource for patients in Dr. Marty Makary's book The Price We Pay: What Broke American Health Care—and How to Fix It and Dr. Elisabeth Rosenthal's book An American Sickness: How Healthcare Became Big Business and How You Can Take It Back. For more information on FAIR Health, visit fairhealth.org.