Health Care Cost Containment
In 2012, GBIO successfully secured follow-up legislation to the landmark 2006 state healthcare bill that granted 450,000 residents of the state of Massachusetts access to healthcare. (Read about our healthcare work in 2006 here.)
The 2012 legislation marked the first attempt of any state to tackle rising healthcare costs. Rapid increases to healthcare spending test state government’s ability to ensure broad access to healthcare; squeeze out spending on the state’s many other priorities – from renovating its roads and bridges to improving the quality of its public schools; restrict employers from putting surplus revenue into wage increases; constrain household budgets; and are the leading cause of personal bankruptcy in the country.
Dr. Paul Hattis, GBIO strategy team member and appointee to the state’s Health Policy Commission termed the 2012 legislation “an important first stake in the ground,” offering that “The cost issue has been plaguing us for 45 to 50 years in this country, so the solution to it – like a chronic is disease – is going to take a long time, but you’ve got to start somewhere.” (Read about Paul Hattis’s appointment to the Massachusetts Health Policy Commission, which oversees the implementation of health care cost legislation, here.)
GBIO continues to press forward efforts to tackle the critical problem of health care cost containment by publicly holding health providers and insurers accountable to their roles in decreasing the rate of growth of health care spending.
On September 17, 2013 over 200 GBIO leaders gathered major health providers, insurers, and other health players to examine their progress in adhering to the targets of the cost containment legislation one year out, and to consider steps for action to further improve cost containment efforts. That work received extensive media coverage. Read more about it here.