In California, the escalating cost of healthcare has been a topic of extensive study and discussion. This resource provides the most important data to explain the affordability crisis, covering its causes, impact, and potential solutions. Readers are encouraged to delve deeper into the source reports for more information.
The problem of high or growing healthcare spending in California is thoroughly explained in this section. While excessive spending can be beneficial if it means better care for Californians, it is evident that too much spending does not result in improved care. Experts believe that excess spending can be reduced without compromising access to care or its quality.
This section provides detailed information about the sources of excess spending in the healthcare system in California. Independent research estimates that 20-25% of healthcare spending is excessive, amounting to approximately $81 billion to $101 billion annually. The major drivers of excess spending are identified and examples are provided to illustrate this point.
The impact of high healthcare costs on Californians is discussed in this section. Families feel the financial strain through higher insurance premiums and deductibles, lost wages, and taxes. Healthcare has become unaffordable for many, particularly affecting Black and Latino/x Californians as well as those with lower incomes.
Potential solutions to the healthcare affordability crisis are highlighted in this section, focusing on policy and regulatory options available to California’s Office of Health Care Affordability.