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The Milbank Memorial Fund supports two state leadership programs for legislative and executive branch state government officials committed to improving population health.
The Fund identifies and shares policy ideas and analysis on topics important to state health policymakers, particularly on issues related to state leadership, primary care, aging, and health care costs.
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The Fund publishes The Milbank Quarterly, as well as reports, issues briefs, and case studies on topics important to health policy leaders.
The Milbank Memorial Fund is an endowed operating foundation that publishes The Milbank Quarterly, commissions projects, and convenes state health policy decision makers on issues they identify as important to population health.
May 14, 2021
Peterson-Milbank Program for Sustainable Costs Peterson-Milbank Program for Sustainable Health Care Costs
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In April, the Massachusetts Health Policy Commission (HPC) voted to maintain the state’s health care cost growth benchmark at 3.1% for calendar year 2022, which will mark a decade since the state established a target for sustainable cost growth.
The HPC’s April vote followed the release of the state’s annual report on the performance of the health care system, which demonstrated that Massachusetts exceeded the 3.1% benchmark for the 2018–2019 period with actual spending growth of 4.3%. During the 2018–2019 period, commercial spending growth in Massachusetts was driven primarily by hospital outpatient services (7.6% per person) and physician and other professional services (6.1%), while Medicare growth in the state was driven by hospital outpatient services and prescription drugs.
Despite these concerning trends, annual health care spending growth in Massachusetts averaged 3.59% between 2012 and 2019 – a rate 0.6% slower per year than the rest of the United States. In addition, since the benchmark was established in 2012, commercial medical spending growth in Massachusetts has been below the US growth rate every year, resulting in $9.3 billion in cumulative “savings,” or avoided spending, as compared to the United States.
To realize the vision of advancing a more transparent, innovative, and equitable health care system, the HPC applies four core strategies: (1) monitoring market transactions and performance; (2) researching and reporting on data trends and insights; (3) convening health care stakeholders to discuss opportunities for improving care and reducing costs; and (4) partnering with the health care system to invest in innovative, cost-effective care.
Coleen Elstermeyer, MPP, is the deputy executive director and David Seltz is executive director of the Massachusetts Health Policy Commission
Jun 10, 2021
Jun 2, 2021
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An endowed operating foundation that engages in nonpartisan analysis, collaboration, and communication, with an emphasis on state health policy.