BOSTON (AP) — Massachusetts House Speaker Robert DeLeo on Tuesday offered business leaders a preview of sweeping legislation aimed at reining in health care costs.

In a speech to the Greater Boston Chamber of Commerce, DeLeo said the goal of the House bill — which has not yet been introduced — would be to bring the annual growth in health care expenses more in line with Massachusetts' overall economic growth rate of 3.7 percent.

Health care costs have been rising at an annual rate of between 6.7 percent and 8 percent in recent years, DeLeo said, despite some positive efforts by both insurers and providers to stem the tide.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.