Bill > H1004

This bill proposes to change how the state sets a target for healthcare cost increases, known as the "health care cost growth benchmark." Currently, the law allows for different benchmark calculations for different periods. This bill would amend the existing law to ensure that for calendar years 2013 through 2015, the benchmark is set to match the growth rate of the state's potential gross state product (the maximum output an economy can produce), with a specific rate of 3.6% for 2013. For calendar years 2016 through 2022, the bill would set the benchmark to be the growth rate of potential gross state product minus 2%. The "potential gross state product" is an economic measure of the state's capacity to produce goods and services.