Craig Samitt, MD, president and CEO of Blue Cross and Blue Shield of Minnesota and its parent company, Stella, is anxious about the trajectory of healthcare cost growth in his state.
“The total cost of care in Minnesota has grown over 9 percent year over year, triple the national average,” Dr. Samitt told Becker’s Hospital Review in an interview Jan. 7. “Our department of health and other studies have estimated that if we don’t do something to address the unsustainable rise in cost of care, the total cost of healthcare in Minnesota will double within the next seven years.”
The unsustainable rise in healthcare costs in Minnesota and nationwide has dominated strategy discussions among healthcare leaders for years, but 2020 will bring more urgent and provocative responses from industry players to curb cost growth, Dr. Samitt predicts.
Here, Dr. Samitt talks about how BCBS of Minnesota is working to reinvent provider contracts and why the insurer is grabbing a page out of Netflix’s playbook.
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Source: Becker’s Hospital Review