Healthcare costs in Massachusetts are often cited as some of the highest in the nation. However, when adjusted for the relatively high family incomes in Massachusetts, Dr. Torchiana said healthcare costs are affordable.
“Although healthcare costs are a big challenge for everybody, I think that Massachusetts has a pretty good healthcare system at a relatively affordable cost,” he told The Boston Globe.
Dr. Torchiana’s remarks come as a state commission is studying price variation at Massachusetts hospitals. After a several month-long investigation, the Massachusetts Health and Hospital Association issued a report in October that acknowledged the problem of “unwarranted price variation among providers” in the commonwealth.
More articles on healthcare finance:
Moody’s: NJ hospitals face credit pressure from M&A, reduced subsidies
Northwell releases 37-point rescue plan for Brooklyn hospitals
15 must-reads for hospital CFOs
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