The Lund Report writes Oregon health officials and lawmakers are seeking to curb escalating health care costs through the legislature.
The complex cost-growth-capping program – with a formal report to be sent to the Legislature later this month – would hold insurers and large and medium-sized medical practices to annual per-patient cost growth caps, require them to formally justify themselves if they exceed the cap, and potentially fine them if they exceed the cap in multiple years and their explanations are inadequate.
The program also would try to ensure that insurers and medical practices don’t slow their spending growth by simply cutting back on services to patients.
Oregon would be the fifth state to adopt a cost growth target program.
Read more:
- The Lund Report: Plan To Curb Rise In Health Care Costs Moving To Legislature