Today, the Division of Health Care Finance and Policy (Division) issued the Massachusetts Health Care Cost Trends 2010 Final Report, as required by Chapter 305 of the Acts of 2008 – An Act to Promote Cost Containment, Transparency and Efficiency in the Delivery of Quality Health Care.
This report presents short-term and long-term recommendations for mitigating the annual growth in health care costs in the Commonwealth. The identified strategies reflect both a candid assessment of what the Division learned from the its analysis of medical claims data, as well as the near-unanimous appeal from employers, consumers, providers, payers, and government leaders during the three-days of public hearings: taking action now to lower health care cost growth is an economic imperative.
This report lays out an action plan for policy makers. It recommends the use of temporary, short-term interventions to stem annual health care cost growth and to provide immediate and necessary relief to small businesses and working families. The report also recommends longer-term actions that will lower costs over time and transition the Massachusetts health care delivery system toward better integration and coordination of care.
Such a transition will require leadership and sustained commitment from all Massachusetts stakeholders – legislators, the Administration, consumers, employers, physicians, hospitals, and insurers – to achieve the kind of breakthrough that the Commonwealth accomplished in providing near universal access to health care coverage. This report establishes a framework for that effort – a comprehensive transformation of the Massachusetts health care system into one that is more integrated, patient-centered, efficient and economically sustainable.
To read the suite of publications related to the Massachusetts Health Care Cost Trends Final Report, including the executive summary, action plan, final report, and appendices, please visit www.mass.gov/dhcfp/costtrends.