SAN FRANCISCO (Nov. 17, 2018) — More than 300 insurance regulators, consumer representatives and industry stakeholders discussed factors that go into health care costs today during an event coordinated by the National Association of Insurance Commissioners' (NAIC) Center for Insurance Policy and Research (CIPR). "Rising Health Care Costs, Key Drivers and Potential Solutions" was held in conjunction with the NAIC's Fall National Meeting.
The symposium was headlined by a panel discussion focused on identifying why health care costs are rising and strategies for mitigating costs. The panel was moderated by Julie Mix McPeak, NAIC President and Tennessee Commissioner of Commerce and Insurance.
"The growth in health expenditures has created an unsustainable burden on the nation's economy, with far-reaching consequences," McPeak said. "Most of the cost drivers discussed can be confronted directly and curtailed through effective public policies at the federal and state levels."
Panelists discussed factors driving health care costs and potential solutions for improved outcomes, higher care quality and cost management. The panelists included Pennsylvania Insurance Commissioner Jessica Altman, Blue Cross and Blue Shield Association Vice President Kim Holland, Health I.Q. Co-Founder Gaurav Suri, and Milliman Principal and Consulting Actuary Susan Pantely.
The event also featured a presentation on the current state and challenges of the U.S. health care system by Joel White, founder and president of Horizon Government Affairs and president of the Council for Affordable Health Coverage.