Yesterday, a story by Shira Schoenberg in the Springfield Republican covered the just-approved health insurance rates for next year:
The basic cost of a health care plan for an individual or small business in Massachusetts will increase, on average, by only a small amount in the beginning of 2014, according to rates recently approved by the state Division of Insurance.
State officials point to the new rates as an example of Massachusetts’ success in curbing the growth in health care spending.
“I think it means we’re continuing to make progress in holding down health care costs,” said Barbara Anthony, undersecretary of the Massachusetts Office of Consumer Affairs and Business Regulation. “It is one of the lower quarters that we’ve seen if you look over the past three years.”
The Republican put together this chart that clearly shows the downward trend in premium growth:
The chart demonstrates the remarkable progress the state has made in controlling health care cost growth in the past few years.