Health Care Cost Institute
Health care costs have increased three times faster than wages over the past decade, putting a strain on government resources, and employer and family budgets. Rising costs to finance Medicare, Medicaid and other public health programs are major contributors to the long-term fiscal challenges facing federal and state governments and centerpieces of today’s debate on proposals to reduce the deficit and cut government spending. If current trends remain unchanged, official estimates project that U.S. health spending may rise from around $2.5 trillion to $4.6 trillion by the end of the decade. Despite this, there is a lack of timely, detailed information that can be used to track the components of national health care spending, to support analysis of underlying cost drivers, and to determine the reasons for variation across the country.
HCCI will provide access to an unprecedented amount of health care cost and utilization data to researchers and policymakers trying to understand the factors influencing health care costs. Our mission is to promote independent research and analysis on the causes of rising US health spending, to provide policy makers, consumers, and researchers with better, more transparent information on what is driving health care costs, and to help ensure that, over time, the nation is able to get greater value from its health spending. Researchers will be able to use the data to accurately evaluate existing and new ways to contain costs while maintaining high quality health care.
Through the HCCI database, researchers will have unprecedented access to health care cost and utilization data that covers all ages and health issues, is national in nature, and includes previously inaccessible data on the private health insurance market.
HCCI’s key objectives include:
- Fostering a better understanding of the true drivers of increasing health care costs among thought leaders, policymakers and other health care decision-makers, and ultimately the general public.
- Creating and maintain a first-of-its-kind database of up-to-date information about public and private sector health care costs and utilization.
- Conducting cutting edge research on health care costs and their drivers.
- Providing fact-based, non-partisan insights on health care policy issues.