By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Massachusetts Gets Ready to Tame HealthCare Costs
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Massachusetts Gets Ready to Tame HealthCare Costs
BusinessFinanceHealth Reform

Massachusetts Gets Ready to Tame HealthCare Costs

DavidEWilliams
DavidEWilliams
Share
3 Min Read
SHARE

While much of the country braces for full implementation of the Affordable Care Act next year — wondering whether premiums will jump dramatically, providers will be overwhelmed, and insurance exchanges will be ready and working– Massachusetts is well beyond that, moving now into the realm of cost containment and quality improvement.

While much of the country braces for full implementation of the Affordable Care Act next year — wondering whether premiums will jump dramatically, providers will be overwhelmed, and insurance exchanges will be ready and working– Massachusetts is well beyond that, moving now into the realm of cost containment and quality improvement.

As Kaiser Health News reports, only 2 percent of Massachusetts residents lack coverage compared with 16 percent nationally. Costs per person are the highest in the country, just as they were before Massachusetts implemented universal coverage in 2006.

There’s plenty of reason to be optimistic on costs, however:

More Read

Seeking Holy Grail: Quest for Stem Cells from Embryos Continues
5 Helpful Networking Tips For Healthcare Professionals
BioPharma Beat: Is Commercial Support of CME A Bad Idea?
Tips For What Hospitals Can Do To Improve Air Quality
Minute Clinics Threaten Doctors: Who Wins?
  • Health plans are offering innovative payment models that reward quality and cost containment. As a result premiums for commercial coverage have flattened. My business actually experienced a slight decrease in premiums from Blue Cross this year for the first time ever (after more than 10 years in business)
  • Providers are focused on cost restraint. Academic providers like Partners and Beth Israel have become more cost conscious while new community-based providers such as Steward Health Care are arising to fill the need for affordable, quality care
  • State government is playing a reasonably constructive role by encouraging pricing transparency and targeting a cap for the industry’s growth rate without making it too dramatic or ironclad
  • Quality and cost data are being supplied by organizations such as Massachusetts Health Quality Partners and Castlight Health through distribution partners including Harvard Pilgrim and Consumer Reports

On the one hand, the Massachusetts example should be encouraging to other states that are about to experience Massachusetts-like rules on universal coverage, minimum medical loss ratios, and disallowance of medical underwriting. It shows that it’s possible to achieve these standards and then start to take on costs.

But Massachusetts had already made strides toward health care reform before 2006 and had a relatively low rate of uninsured. The state’s knowledge based economy is also better able than others’ to afford the costs of health care reform. Employers can much more easily afford to pay for health insurance for high skill, high wage workers than for those with low skills and low wages. Massachusetts has a long-standing culture and tax base that supports education, which is a key driver of a high-wage economy.

 

TAGGED:healthcare costs
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5KFollowersLike
4.5KFollowersFollow
2.8KFollowersPin
136KSubscribersSubscribe

Latest News

ptsd treatment
The Ongoing Challenges of Living With PTSD
Mental Health Wellness
February 17, 2026
medical manufacturing
Tiny Errors, Big Consequences In Medical Manufacturing
Infographics Medical Innovations
February 17, 2026
weight loss surgeon
How to Choose the Best Surgeon for Weight Loss Surgery
Weight Loss Wellness
February 11, 2026
aging care healthcare system
The Growing Role of Terminal Care Specialists in a Rapidly Aging Healthcare System
Global Healthcare Senior Care
February 11, 2026

You Might also Like

Specialty EMR Company Lands $14M to Take on New Markets

August 21, 2013
BusinessHome HealthPolicy & Law

Healthcare Collaboration: A Dream for All

January 21, 2012

Avoiding End of Life Transfers from Nursing Home to Hospital

March 8, 2011
hospital marketing plan
Business

4 Key Components Your Hospital Marketing Plan Could be Missing

June 8, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?