From 2017 through 2022, any increase in healthcare costs would need to be half a percentage point lower than the increase in the state’s gross domestic product. Lawmakers estimate the bill could save up to $200 billion in healthcare spending over the next 15 years.
Under the bill, a newly-created commission would monitor healthcare spending and review healthcare providers that fail to meet spending limits. Insurers would also need to put a combined $60 million over the next four years toward prevention efforts and initiatives encouraging accountable care organizations.
Gov. Deval Patrick (D) is expected to sign the compromise bill, which the House and Senate agreed upon yesterday after both passed different versions earlier this summer.
More Articles on Massachusetts Healthcare:
Study: Individual Mandate in Massachusetts Led to Decreased Productivity
Reduced Reimbursement Isn’t “Reform,” Says CEO of Massachusetts Hospital Assoc.
Number of Uninsured in Massachusetts Continues to Decrease
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
