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: On this day in 410 CE, Visigoths sack Rome and it isn't the first time, either; in 1859, Titusville, Pa., the first commercially viable oil well comes in; in 1918, the only World War I battle fought on U.S. soil in Nogales, Ariz.
- TODAY'S WEATHER MINUTE: Archaelogists uncover artifacts proving that late neolithic Egyptians, pre-dating the Pyramids of Giza, practiced mummification to prepare their dead for the afterlife, far earlier than presupposed.
- TODAY'S WEATHER MINUTE:Chemicals used in hydraulic fracturing that pollute ground water and the air we breathe come under scrutiny by researchers who find at least eight fracking chemicals toxic to mammals.
- TODAY'S WEATHER MINUTE: The craze for Omega-3 fatty acids as a dietary supplement in its most popular form, fish oil, has led to depletion of fish stocks in oceans throughout the world. Is this the beginning of the total collapse of global fisheries?
- TOMORROW'S HEADLINES TODAY: Suspects arrested in Killington bear death, Bryanna Allen and Kevin O'Connor report along the Back to School front, Rutland Plywood site remains an active fire scene as debris continues to smolder.
- TODAY'S WEATHER MINUTE: Forests around Chernobyl, even though dead from massive irradiation after nuclear accident 30 years ago, still have not even begun to decompose, natural balance disrupted at microbial level.