This week, a new state report offered encouraging news on health care spending growth in Massachusetts. Growth in health care expenditures rose by about 3.9% last year, marking the third consecutive year cost growth in Massachusetts has been below 5%.
“Generally, I think it is good news,” said Stuart Altman, chairman of the Health Policy Commission, a state agency that monitors health costs. “I think it's fair to say that our major health care systems and employers are trying to do the job that the legislation [Ch. 224] had in mind.”
"I think it's fair to say that our major health care systems and employers are trying to do the job that the legislation [Ch. 224] had in mind.”
At Partners, we have been committed to the principles of Chapter 224 and committed to keeping our cost growth in line with economic growth. According to state data, our cost growth among the big three insurers was about 3.84% -- slightly less than the statewide average.
Even with this bit of encouraging news, we know we have an obligation to do more. In the coming months, we’ll provide more updates on our population health management efforts as well as some new efforts we are undertaking to further tighten our belts and keep cost growth in line with the economy.