Massachusetts H3196 reforms the healthcare cost benchmark by tying it to the historical growth rate of the state's gross product.

Massachusetts H3196 amends the healthcare cost benchmark to align with the historical growth rate of the state's gross product over the most recent ten-year period. The Secretary of Administration and Finance must calculate this benchmark and report the methodology and results to the House and Senate Ways and Means Committees. This historical growth rate is also provided to the Health Policy Commission and made public by the Executive Office of Administration and Finance. The reform takes effect for calendar years 2023 and beyond.

Massachusetts H3196 reforms the healthcare cost benchmark by tying it to the historical growth rate of the state's gross product.

Massachusetts H3196 amends the healthcare cost benchmark to align with the historical growth rate of the state's gross product over the most recent ten-year period. The Secretary of Administration and Finance must calculate this benchmark and report the methodology and results to the House and Senate Ways and Means Committees. This historical growth rate is also provided to the Health Policy Commission and made public by the Executive Office of Administration and Finance. The reform takes effect for calendar years 2023 and beyond.