A Vermont board that reviews hospital budgets says spending for Vermont’s 14 hospitals for the next fiscal year is not on a sustainable path.
The Green Mountain Care Board said Tuesday that it approved budgets that will result in 5.1 percent increase in hospital net patient revenue for fiscal year 2013. The board had set a target increase of 3.75 percent.
Anya Rader Wallack, chairwoman of the Green Mountain Care Board, said the budgets reflect the board’s priorities in reducing costs and investing in health reforms but she said more work needs to be done.
“More hard work will be necessary to assure that our long-term cost trend matches our ability to pay, and to assure that costs are spread more fairly,” she said. She noted the impact of a cost-shift when Medicare and Medicaid do not cover the full costs for their enrollees, the expense shifts to insurance ratepayers.
Three hospitals exceeded the 3.75 percent limit, even after some exemptions.
Copley and Porter hospitals were told to reduce their budgets and Copley was ordered to make a better case for needing a new orthopedic surgery practice.MORE IN Vermont News
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: In 1972, Christmas bombing of North Vietnam ordered by President Richard Nixon, most lethal strikes of the war; in 1989, U.S. invades Panama to depose, arrest and charge Gen. Manuel Noriega with drug trafficking, racketeering.
- TOMORROW'S HEADLINES TODAY: Gov. Peter Shumlin announces demise of his single-payer health insurance initiative; convicted first-degree murderer Alan Prue sentenced to 50 years for killing teacher Melissa Jenkins; veterans chafed about park naming snub.
- RICHARD'S POOR ALMANACK: In 497 BC, first Saturnalia festival celebrated in Rome, Scandinavians retain 'Yule Goat' as symbol of season, Krampus, evil side of holiday cheer, terrorizes children into better behavior, more advice from Christopher Hitchens.
- RICHARD'S POOR ALMANACK: In 533 AD, Byzantine Emperor Justinian I gets the old empire back together again routing the Vandals from Carthage; in 1890, Lakota Chief Sitting Bull is killed at his home in South Dakota; in 1970, Soviets land probe on Venus.
- DUANE CARLETON: Rutland Herald Events Editor George Nostrand interviews musician Duane Carleton, whose new CD 'A GIRL LIKE THAT' drops Thursday, Dec. 18, 2014, and will be celebrated that evening with a show at 9:30 p.m. at Killington's Pickle Barrel.
- RICHARD'S POOR ALMANACK: Sigisimund, king of Hungary, creates Order of the Dragon to defend the West against Ottoman Turks; Chong Ho escorts 300 virgins to China; J. Bruce Ismay born this day, built Titanic, gets free trip, does not go down with the ship.