California is attempting to control healthcare costs by setting spending caps, aiming to reduce growth to 3% by 2029. The state’s Office of Health Care Affordability is tasked with making care more affordable, accessible, and improving health outcomes. However, healthcare organizations are pushing back, arguing that the targets do not account for factors like an aging population and new Medicaid investments. Other states, like Massachusetts and Rhode Island, have set similar targets with mixed results. California hopes that open dialogue and transparency in spending data will hold the industry more accountable. The process could take years and may involve fines for organizations that exceed spending targets.
Source link
California Dabbles With Reining in Health Spending
