Bill > H3196

This bill reforms the healthcare cost benchmark by modifying Section 9 of Chapter 6D of the existing law. Specifically, it changes how the healthcare cost growth benchmark is calculated for calendar years 2023 and beyond, replacing the previous method with a new standard that ties the benchmark to the historical growth rate of the gross state product (GSP). The gross state product is a measure of the total economic output of a state, similar to the national gross domestic product (GDP), but specific to a single state. By linking the healthcare cost growth benchmark to the state's economic growth rate, the bill aims to create a more dynamic and economically responsive approach to managing healthcare costs. This change could potentially help control healthcare spending by ensuring that the benchmark for cost increases is aligned with the overall economic performance of the state.

Budget and Finance

https://malegislature.gov/Bills/194/H3196