Gov. Brown signs cost growth target bill Patrick Jones | May 26, 2021
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This bill will create “accountability mechanisms” for providers and insurers whose overall costs remain high. Insurance and provider groups will receive civil penalties if they fail to report cost growth data to ensure transparency between themselves and Oregon Health Authority (OHA).
House Bill 2081 attempts to strengthen the Health Care Cost Growth Benchmark program first created by Senate Bill 889. The program launched in February 2021.
The cost growth target is at 3.4% for the first 5 year going down to 3% in the next 5 years. Right now, the growth rate is at 6.4%. According to Jeremy Vandehey, the director of the health policy and analytics division at OHA, the target could save $16 billion in health care expenses over the next 6 years.
House Bill 2081 recently passed out of Oregon’s House with bi-partisan support. It intends to keep down costs in all silos of the health care system by setting insurer and provider incentives to maintain a consistent health care cost growth rate that lower overall costs for the patient.
This bill builds off of previous legislation in SB 889, which established the Health Care Cost Growth Benchmark designed to control health care expenditures’ rapid growth in the state. Since its passage in 2019, the Implementation Committee created recommended benchmarks and a final report on the program logistics. The program launched in February 2021.
House Bill 2081 will create an “accountability mechanism” for providers and insurers whose cost remains high, according to Jeremy Vandehey, the director of the health policy and analytics division at the Oregon Health Authority (OHA). The concept of transparency will lead the effort to keep insurers and providers accountable t
5 Things Oregon: Q&A w/Rep. Salinas, Policy cutoff, Budget expectations DJ Wilson | Apr 14, 2021
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