Bill > S2047

This bill reforms the healthcare cost benchmark in Massachusetts by modifying how the state calculates and applies its growth rate for healthcare spending. Specifically, the bill introduces a new definition of "historical growth rate in gross state product" as the long-run average annual growth rate of the state's gross state product measured over the most recent ten-year period. The secretary of administration and finance will be required to calculate this rate annually by January 15th, in consultation with legislative committees, and report the methodology and results. The bill also changes the healthcare cost growth benchmark for calendar years 2023 and beyond to be equal to this historical growth rate, which will be provided to the health policy commission and made public. By tying the healthcare cost benchmark directly to the state's economic growth over the past decade, the legislation aims to create a more dynamic and responsive approach to managing healthcare spending that reflects the state's actual economic performance.

Budget and Finance

https://malegislature.gov/Bills/194/S2047