One Utah Health Collaborative announces trailblazing task force to set state’s first healthcare spending growth target

The Task Force, co-chaired by Commissioner Jon Pike of the Department of Insurance, and Derek Miller, CEO of the Salt Lake Chamber, will determine a shared spending growth target, curbing soaring healthcare prices in the years ahead 

Today, the One Utah Health Collaborative announced a new Task Force consisting of members from its Community Stakeholder Board. The Healthcare Spending Target Task Force will determine Utah’s first statewide healthcare spending growth target.  

A report detailing the selected healthcare spending growth target and other key decisions will be delivered to Gov. Spencer Cox by December 31, 2023.

The Task Force is co-chaired by Commissioner Jon Pike of the Department of Insurance, and Derek Miller, CEO of the Salt Lake Chamber.

Healthcare Spending Target Task Force

The Task Force will meet five times between now and December to participate in the development of a healthcare spending recommendation for the state with assistance from the Kem C. Gardner Policy Institute. Their goal is to answer the question, how much should healthcare spending grow for Utah families and businesses each year? Currently, annual changes vary year to year but average nearly 7 percent.

Several states have made significant strides in addressing healthcare spending growth through the implementation of cost growth targets. However, Utah is now pioneering a distinctive approach with the independent One Utah Health Collaborative to foster consensus among influential stakeholders rather than receiving a government-set target. This innovative strategy demonstrates Utah’s commitment to tackling healthcare spending in a collaborative and inclusive manner, bringing together key parties to collectively address the challenge of rising costs in a rapidly growing state. By embracing this unique initiative, Utah aims to pave the way for a more sustainable and efficient healthcare system.

As one of the fastest growing states in the nation, Utah’s healthcare expenditures are increasing rapidly. The cost of health insurance is rising much faster than family income, and more than half of Utah adults are delaying or foregoing health care due to costs.

About the One Utah Health Collaborative (the Collaborative):
Last fall, Gov. Spencer Cox launched the One Utah Health Collaborative (the Collaborative), a community-owned 501c3 nonprofit designed to improve the trajectory of health care in the state. Gov. Spencer Cox recognized reducing the growth of healthcare spending does not occur in an election cycle and set up a 15-year process designed to outlast his tenure. Since beginning operations in September 2022, the Collaborative has laid a foundation to reduce healthcare spending in Utah using a consensus-based approach with key leaders from the healthcare community. To get involved visit uthealthcollaborative.org.

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