Both states are implementing a range of solutions to address the health care cost crisis, including an annual cost growth target. This target—also called a benchmark—was determined in partnership with the states’ insurers, hospitals, health care providers, employers, unions, and consumer groups. Using the benchmark, Washington and Connecticut are working to:
- Reduce the overall trend of health care cost growth so health care is more affordable for consumers
- Be transparent about where health care dollars are being spent
- Keep health care plans and providers accountable for increases in health care spending by:
- Collecting and analyzing data from public and private plans and providers
- Comparing spending against the benchmark
- Measuring health care spending performance
|