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New MNCM Report Sheds Light on Health Care Cost Trends and Variation in Minnesota

MNCM recently released its annual report on health care cost and utilization. This report highlights health care cost trends and drivers of cost growth, both statewide and by medical group.

Key findings in this year’s report include:

  • The average total cost of care for patients with private health insurance increased by 2.0 percent in 2017, which was slower than cost growth in the previous two years (6.1 and 5.6 percent in 2015 and 2016, respectively).
  • New this year is inclusion of hospital outpatient settings for comparing prices of imaging services.
  • On average, imaging services in a hospital outpatient setting cost 45 percent more than the same service in a clinic or stand-alone radiology center.

Across medical groups included in the analysis, there continues to be considerable variation in total cost of care, resource use and relative pricing, and prices for specific procedures.

Read the full report.

Read the Star Tribune’s coverage of the report here and the MPR News story here.