Chartbook: CT drugs costs high and growing fast
14.4% of our state’s economy was devoted to health care services in 2014, slightly below the US average, according to a new Chartbook on CT health spending. Based on newly released data from CMS actuaries, the analysis finds that CT health costs per person are not surprisingly high but we out-perform most other states in controlling the rate of increase, particularly for Medicaid members. Since 2009, Medicare and Medicaid have been paying more of CT’s health care bills than private insurance. Over half of CT health spending is consumed by hospitals and physicians/clinics, but drug costs are the largest driver of growing health costs. Per person drug costs for CT residents are the second highest in the nation and rising at the third highest rate among states.