The cost of medical care in Massachusetts has risen in recent years, as insurers and Medicaid expand the program, but it’s still more affordable than it has been in decades, according to a new analysis.
The Kaiser Family Foundation released its analysis on Monday that found the average annual medical bill in the state was $4,534, which was a 2.2 percent increase from the previous year.
The analysis was based on state data and covered 2016 through 2021.
It’s not yet clear what the implications are for the state’s economy, but the number of people covered through Medicaid is likely to grow by more than 2 million people this year.
“The rising cost of care means more people in the system need care,” said Sarah Reimer, director of health policy for the Kaiser Family Group.
While the increase in Medicaid coverage is expected to lead to higher prices for people, it will also lower the cost of primary care care.
Kaiser Health News previously noted that Massachusetts is among the states that has the lowest average cost of health care in the nation, with the state averaging $1,723 per person per year.
In addition, the state also has one of the lowest uninsured rates in the country.
In its report, Kaiser also noted that the Medicaid expansion has resulted in a number of savings.
A $300 million investment in the program over the next five years would allow for a decrease in hospital spending of $1.6 billion over the same period.
This comes as President Donald Trump continues to push for new health care legislation, which would increase the number and size of health insurance plans.