House Speaker Robert DeLeo says the goal for future health care cost increases in Massachusetts will be “more in line with Gross State Product (GSP), which is 3.7%.”
DeLeo, speaking to members of the Greater Boston Chamber of Commerce, did not say if the goal should be exactly in line with the state’s economic growth rate, a little higher or a little lower. The difference could mean billions of dollars, and it’s the topic of heated behind-the-scenes debate.
Some business leaders have been pushing for GSP -2 points while others say GSP +1 point (4.7% based on the current growth rate) is more realistic. Premiums for some employers in Massachusetts are growing well below 3.7% right now, but leading economists say this trend won’t hold without major changes in the way we deliver and pay for health care. Continue reading