Rising Health Care Costs Impacting Connecticut Residents
Health Care Is Becoming Increasingly Expensive
for Connecticut Residents
Since 2000, Connecticut worker contributions to employer-sponsored insurance
premiums have grown
two and a half times
faster than personal income.
Source: Medical Expenditure Survey, Tables D.1 and D.2 for various years & US Bureau of Economic Analysis
Setting a Health Care Cost Growth Benchmark,
or Target, Will Help Connecticut Contain
Health Care Spending
Source: Washington State Health Care Authority
Connecticut’s Health Care Cost Growth Target
Aims to Align Health Cost Growth with Economic
and Income Growth
Connecticut, in collaboration with its
employers, insurers, and health providers,
has set a state annual per capita cost
growth target of:
3.4%
for 2021
3.1%
for 2022
2.9%
for 2023–2025.
A Health Care Cost Growth Target Followed by
Data-Driven Action Could Make Health Care
More Affordable for Everyone
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Connecticut residents have experienced a significant increase in health care costs, with worker contributions to employer-sponsored insurance premiums growing disproportionately faster than personal income since 2000. This trend highlights the financial burden placed on individuals and families, impacting access to quality healthcare services and exacerbating economic challenges. As the cost of health care continues to rise, addressing affordability and ensuring access to essential care remain critical concerns for residents in Connecticut.
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Presentation Transcript
Health Care Is Becoming Increasingly Expensive for Connecticut Residents Since 2000, Connecticut worker contributions to employer-sponsored insurance premiums have grown two and a half times faster than personal income. 260% Worker contributions to premiums 195% Family premiums 130% Personal income, per capita 65% 0% 2000 2005 2010 2015 2020 Source: Medical Expenditure Survey, Tables D.1 and D.2 for various years & US Bureau of Economic Analysis
Setting a Health Care Cost Growth Benchmark, or Target, Will Help Connecticut Contain Health Care Spending Source: Washington State Health Care Authority
Connecticuts Health Care Cost Growth Target Aims to Align Health Cost Growth with Economic and Income Growth Connecticut, in collaboration with its employers, insurers, and health providers, has set a state annual per capita cost growth target of: 3.4% for 2021 3.1% for 2022 2.9% for 2023 2025.
A Health Care Cost Growth Target Followed by Data-Driven Action Could Make Health Care More Affordable for Everyone Containing health care costs, especially in the wake of the COVID-19 pandemic, is critical to ensuring access to affordable health care and the financial well-being of our residents, employers, and state government.
