OP-ED | Healthcare Cost Growth Benchmark's Foundation Must Be Fixed - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 29, 2024 Newswires
Share
Share
Post
Email

OP-ED | Healthcare Cost Growth Benchmark's Foundation Must Be Fixed

CT News Junkie (CT)

In 2020, Gov. Ned Lamont, via Executive Order, created a healthcare cost growth benchmark. At the time, it was imagined as an opportunity for state government, through the Office of Health Strategy (OHS), to come together with healthcare providers, health insurance companies, pharmaceutical manufacturers and distributors, patient representatives, health policy experts, and other stakeholders to slow the rate of healthcare spending in Connecticut. The benchmark was later codified in state statute by the legislature in 2022.

Under the concept, annual cost growth benchmarks are set, and then we test whether healthcare spending either grew more or less than the annual benchmark. Simple enough. The real benefit of the benchmarking process is less about whether we meet the annual benchmark or not, but rather whether we have the information needed to understand why we are or are not hitting our target, and then to make adjustments accordingly. Today, this is where the benchmarking process is falling short.

At the core of making the process work is the ability to share and analyze data so that policy and care delivery changes essential to the success of the benchmark can be implemented. Transparent, replicable, and reliable data and analytics are essential. Achieving a comprehensive data process is foundational to the success of achieving the shared goal of slowing healthcare spending growth.

Unfortunately, that is not the case in today's benchmarking process. Despite attempts to work collaboratively with OHS to improve the data process, Connecticut has not been able to achieve a process in which anyone should have confidence.

Instead, the proposed legislation this year (originally in HB 5054) is a more punitive, go-it-alone approach. The legislation includes penalizing providers for not attaining the benchmark and requiring performance improvement plans; intentionally excluding hospital caregivers and their expertise from participating in the newly created commission to oversee the benchmark; and when it comes to access to healthcare services, substituting the judgment of care providers with that of state bureaucracy through unproven cost and market impact reviews. And if the legislature approves, all of this would be implemented by OHS through administrative fiat, outside of the normal regulatory process.

It's the wrong approach. Instead, we should spend our time focused on fixing the foundation of the benchmark, its data process. We should build a data process where healthcare providers have access to the raw data and methodologies used to test compliance with the benchmark. We should build a process where data anomalies are identified and corrected. We should take a comprehensive look at changing demographics, service mix, acuity, and care patterns to inform how to achieve benchmark targets. Getting these right are fundamental to the success of the benchmarking process.

We oppose any changes that diverge from the collaboration that is the essence of the benchmarking process and do nothing to fix the data process that is currently harming Connecticut's chances of success. As we have been since the benchmark's inception in 2020, we continue to be willing partners, looking for every opportunity to improve care for patients, increase access, and slow healthcare spending in Connecticut.

Paul Kidwell serves as the Senior Vice President, Policy at the Connecticut Hospital Association.

EDITOR'S NOTE: This opinion was not specifically sponsored, per se, but it was supplied to CTNewsJunkie by the Connecticut Hospital Association, which is currently advocating through an advertising campaign on this website.

Older

Senate Publishes Executive Communications on April 23 Involving Regulations Published in Federal Register

Newer

Trump's potential plan for Fed raises alarms

Advisor News

  • The modern advisor: Merging income, insurance, and investments
  • Financial shocks, caregiving gaps and inflation pressures persist
  • Americans unprepared for increased longevity
  • More investors will seek comprehensive financial planning
  • Midlife planning for women: why it matters and how advisors should adapt
More Advisor News

Annuity News

  • LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
  • AIG to sell remaining shares in Corebridge Financial
  • Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
  • AM Best Assigns Credit Ratings to Calix Re Limited
  • Transamerica introduces new RILA with optional income features
More Annuity News

Health/Employee Benefits News

  • SENATE APPROVES BILL TO LIMIT PREMIUM INCREASES, PROTECT ACCESS TO HEALTHCARE
  • All about AHCCCS: Navigating Arizona Medicaid’s changing landscape
  • GOVERNOR SIGNS BIOMARKER TESTING COVERAGE BILL
  • REGULATION OF AI IN PRIOR AUTHORIZATION AND CLAIMS REVIEW: A LOOK AT FEDERAL AND STATE CONSUMER PROTECTIONS
  • LEADING HEALTH ORGANIZATIONS URGE NC LAWMAKERS TO RECONSIDER PROPOSAL IMPLEMENTING MEDICAID CUTS
More Health/Employee Benefits News

Life Insurance News

  • 2025 Insurance Abstracts
  • AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.
  • Earnings roundup: Prudential works to save ‘unique’ Japanese market
  • How life insurance became a living-benefits strategy
  • Financial Focus : Keep your beneficiary choices up to date
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet