Altarum’s Healthcare Value Hub released their 2021 Healthcare Affordability State Policy Scorecard, ranking 50 states and the District of Columbia on their adoption of evidence-based policy actions to improve healthcare affordability for residents. The Scorecard looks at both policies and related outcomes across four affordability-related key areas that were implemented prior to Dec. 31, 2020. The Scorecard shows that many states are working to increase access to coverage, though progress on making coverage and care more affordable for residents has been less robust.
Data show that high healthcare prices are the major driver of healthcare affordability problems. In Maryland, the least expensive state for this measure, inpatient private payer prices are 132% of Medicare prices, compared to 241% of Medicare prices in New York, the most expensive state. States should curb excess prices in order to reduce costs passed to consumers and lessen affordability burdens.
- Healthcare Affordability State Policy Scorecard: https://www.healthcarevaluehub.org/affordability-scorecard