Tuesday, July 31, 2012

Maasachusetts Legislature Passes Bill to Rein in Health Care Costs

The Legislature in MA yesterday passed a bill that limits the cost of health care to the rate of economic growth in the state. This will be a challenge for providers and insurers as medical costs increased 6-7% in 2010 while the state economy grew by only 3.6%. More details in this Boston Globe article:

http://www.bostonglobe.com/lifestyle/health-wellness/2012/07/30/legislative-leaders-reach-compromise-plan-control-health-care-spending/nVM0gPAYznIo4Vc9YYlgyH/story.html?

Will this work? Hard to say but MA s the first state in the country to set such a target. More details to follow.

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