March 15, 2023
When
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Hearing to Determine the 2024 Health Care Cost Growth Benchmark: Wednesday, March 15, 2023, 12:00 PM
Under the framework set forth in Chapter 224, from 2023 through 2032, the health c
Under the framework set forth in Chapter 224, from 2023 through 2032, the health c
Growth in overall health spending is below both the state’s 3.6% benchmark and the U.S. average; however, affordability challenges remain and growth in spending for pharmaceuticals and hospital outpatient care present challenges for the Commonwealth.
BOSTON — “The CHIA report shows positive news for the Commonwealth, chiefly, health care spending increased 2.8% between 2015 and 2016, well below the 3.6% benchmark set by the HPC. Since the establishment of the HPC five years ago, the state, on average, has been below the cost growth benchmark as set forth in law, and lower than national growth trends.