New America's Len Nichols appeared on CNBC on June 15 to discuss employers' role in health care reform. A video clip is available at right, while a key excerpt from the transcript follows:

BECKY QUICK: Rising health care costs. It is one of the biggest problems facing corporate america and now one group representing more than one hundred of the nation's largest employers is offering a solution that it says would take health care benefits out of the hands of corporations.

Len Nichols, director of health policy at New America Foundation -- Len, tell me what you think about this new ERISA proposal.

LEN NICHOLS (NEW AMERICA FOUNDATION): Well, I welcome it because it's a great contribution to the debate because it accepts a number of principals that are really important. It says everyone should be covered and it uses current corporate buying power to help all Americans buy health care more efficiently...

For the complete transcript, please visit the CNBC website.