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New Bill Offers Alternative Path for Addressing Healthcare Costs

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The state’s healthcare debate heated up this week after new legislation laying out alternative solutions for addressing costs was introduced at the General Assembly.

HB 1006, scheduled for a public hearing before the Insurance and Real Estate Committee Thursday, March 11, offers a different path than the controversial public option bill the legislature is also considering.

More than 20 pages of the 55-page bill deals with the establishment of a benchmarking program similar to that of Massachusetts and other states.

Sections 1-9 essentially codifies Gov. Ned Lamont’s executive order No. 5 by requiring the Office of Healthcare Strategy to develop quality benchmarks, monitor the development of accountable care organizations and patient-centered medical homes, enhance transparency of healthcare entities, and oversee delivery and payment models.

Under these sections, OHS would establish an annual healthcare cost growth benchmark, as well as a primary care benchmark. Costs

The latter target ensures that primary care spending as a percentage of total healthcare expenditures reaches a goal of 10% for the calendar year beginning January 1, 2026.After collecting the data, OHS will be required to submit an annual report disclosing the health status adjusted total medical expenses for the preceding calendar year, including, but not limited to, […]

Click here to view original web page at www.cbia.com

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